Crypto buyers now looking to purchase a physical home
Add BT as a preferred source
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.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore banks may need to address indirect exposure to captive coal in their financing policies
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
