It seems that the global economic slump has brought many home buyers to a halt but the rich is getting richer and they are pushing exclusive property markets to even higher.
In North America, the regions most affected by the economic slowdown, the number of ultra-high net worth individuals was still on the rise by 4.2 percent whereas the number of European tycoons was growth by 3.4 percent.
The huge purchasing power of the world’s richest people is driving the prices of the Bangkok’s luxury properties. In Thailand, premium property prices are showing strong signs of a rocket increase. The Sukhothai Residences is renowned as the most expensive condominiums in Bangkok with the price of US$10,400/square meter.