September 20, 2024

Bangkok skyline with modern buildings and greenery.

Thai Scion Bets on US-China Tensions to Alleviate Bangkok’s Property Glut

In a bold move, Panote Sirivadhanabhakdi, CEO of Frasers Property Limited, is banking on the ongoing tensions between the United States and China to alleviate the oversupply of office space in Bangkok. With vacancy rates for Grade A prime offices in the city’s central business district reaching 26.3%, the company anticipates a surge in demand for real estate in Southeast Asia, particularly through its...

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