Luxury Property Complex in Thailand Seeks More Overseas Buyers

Reignwood Group is ramping up efforts to attract international buyers to its luxury residential property complex in Thailand, betting overseas demand can offset the prolonged domestic property slump.

The closely held Beijing-based conglomerate will intensify marketing through its offices in Singapore, Beijing, Hong Kong and London, with more roadshows planned in hubs including Dubai, Chief Executive Officer Woraphanit Ruayrungruang said. While most of the 50 billion baht ($1.6 billion) investment has been made, there remains some additional cash to further develop the 800-acre Reignwood Park on the outskirts of Bangkok.