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Posted: 26 Oct 2012 | 6:00 am
Thailand's property market continues to grow higher in the development cycle and projects are increasingly looking for ways to differentiate their projects.
In Hua Hin, Baan Rajprasong's The Energy Condominium is looking to temp buyers off the sidelines with a promise of free management fees.
Under the scheme the project will establish a collective fund of THB630 million co-opted by a one-time contribution by unit owners of the initial years assessment and by the developers.
The fund will be invested into a managed entity by BBK Asset Management and proceeds used to fund owner's management fees.
While promotional material promotes no management fee for life, there is no discussion about what happens if the invested fund does not retain sustainable profitability?
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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