The favourable exchange rate and ease of foreign property ownership in Thailand are influential conditions to Thailand being the top-of-mind choice of investors seeking long-term capital gains.
Singapore (PRWEB) November 20, 2013
PropertyGuru’s Thailand Property Show held at The Orchard Hotel over the Deepavali weekend saw over SGD$5 million worth of residential property deals transacted. The third in a series of Thai residential property showcases organised by PropertyGuru in Singapore, this latest event saw close to 500 Singaporean and Singapore-based residents in attendance.
The show, held in conjunction with DDproperty.com - Thailand’s number one property website and a subsidiary of PropertyGuru Group, featured talks held by Thai property experts with special focus on buying and investing opportunities in the Land of Smiles. Thailand property exhibitors also hosted exclusive investor-themed, educational seminars during the packed two-day event.
According to Steve Melhuish, Co-Founder and Chief Executive Officer of PropertyGuru Group, “Thailand is an extremely important market to us. Overseas investors have shown consistent and keen interest in purchasing residences in the gateway cities of Thailand since we first started The Thailand Property Show 1 and 1/2 years ago.”
In spite of the latest cooling measures which are now slowing down the Singapore property market with lower transactions, Thailand still remains a hot property option. The favourable exchange rate and ease of foreign property ownership in Thailand are influential conditions to Thailand being the top-of-mind choice of investors seeking long-term capital gains.”
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About PropertyGuru Group
PropertyGuru Group is Asia’s leading online property portal group used by almost 11 million property buyers, viewing over 89 million property pages and generating over 350,000 enquiries for real estate developer and agent advertisers – every month.
Headquartered in Singapore, PropertyGuru was founded in 2006 by 2 entrepreneurs with a vision to simplify the property search process and help buyers, sellers and investors make better property decisions faster. Taking advantage of Asia’s growing affluence, property demand and online explosion, it received its first VC investment funding in 2008 and most recently secured approximately $60m investment in 2012 from Deutsche Telekom, South East Asia’s largest digital investment to date. Since its launch, PropertyGuru has reported rapid growth and most recently announced a record 96% increase in revenue, 60% increase in internet users and 50% increase in paying agent advertisers to 24,000 – in 2012.
The award winning company focuses heavily on innovation. Over the last 2 years, the Company has developed and launched 15 mobile applications in 4 countries and 3 languages which have received over a million downloads – almost 50 per cent of its users in Singapore now originate from a mobile device.
PropertyGuru was also the first to integrate website with social media, first to launch Singapore’s only dedicated property newspaper with over 100,000 copies circulated island-wide every month and developing a property events platform with approximately 30 shows held annually across 4 countries addressing 30,000 potential property buyers on the ground.