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Thai developer Sansiri targets Hong Kong buyers with ‘affordable’ mini flats in Bangkok amid glut
Cheryl Arcibalcheryl.arcibal@scmp.com
Thai developer Sansiri is marketing 55 units in its latest project in Bangkok to Hongkongers at prices starting from HK$500,000 (US$64,394). Photo: Handout
With Thai developers struggling to dispose of a massive stock of unsold flats in Bangkok, many of them are trying to lure overseas buyers with huge discounts and bargains to whittle down the inventory and get the struggling sector back on its footing.
Bangkok-listed Sansiri, one of the top three developers in the Southeast Asian nation, is marketing units as small as 231 square feet (21.5 sq metre) starting at HK$500,000 (US$64,394) to buyers from Hong Kong - a size they are familiar with but at a fraction of prices in the world s most expensive property market. ....

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