Crypto buyers now looking to purchase a physical home

Singapore

THAI developer One.Six's target buyers for The Strand, its 30-storey "ultra-luxurious" condo in Bangkok, are affluent, seasoned investors aged 25 to 35, said its co-founder Chawin Athakravisunthorn. In contrast, the typical property buyer in Thailand is often older, or "the parents of this generation", he added.

"By offering crypto as an alternative form of payment, we're able to be more attractive and gain exposure to this (younger) market, where buyers may have been successful with crypto investments and want to diversify into (tangible) assets like real estate and also want to enjoy a luxury lifestyle," he noted.