From 2022, Regent Home plans to invest in the development of condominiums, which will receive support from the BOI (The Board of Investment of Thailand) and the price of apartments will be about 1.2 million baht.
Due to the situation with the development of COVID-19, there is still weak purchasing power in the conditions of the economic downturn. It can be said that the business model of the development of a BOI condominium at a price of no more than 1.2 million baht compared to the market price in each place is 80-100% cheaper than the regular price at Regent Group.
The highlight is that the BOI investment promotion program has a sales price ceiling of no more than 1.2 million baht, as a result of which the developer will attract people with low and middle income. Especially young clients who are starting to work or starting a family. Real estate will become very affordable, especially taking into account installments or mortgages.
The main target customers are divided into real-demand customers who buy residential housing and investors who plan to rent or resell apartments.
The project will be very profitable for both groups. The installment payment will be 5-6 thousand baht, which is equal to the rent for a hostel or apartment. The ROI in this project will be 6-7%.