BANGKOK – Will you pay 515 million baht (S$19.65 million) for a house alongside the Chao Phraya River in Bangkok’s Khlong San area?
For most Thais, an ultra-luxury residence like this can only be a distant dream, but a developer believes at least 11 wealthy Thais or foreign investors will go for it.
Altitude Development’s ultra-luxury housing project in Phra Nakhon district’s Khlong San area comprises just 11 detached houses, each going for 515 million baht. The value of the 0.8ha project stands at 2.74 trillion baht.
This project is one of several luxury housing estates that have recently popped up in the capital to meet the demands of foreign investors.
However, many wonder whether foreigners can actually purchase a house with land in Thailand.
The Interior Ministry’s move to amend its regulations on foreigners purchasing land created a public uproar in 2022.
Four…
