Singapore Fund Developing Chiang Mai Villa Project
In the north of Thailand a Singapore fund Terrasia is partnering with Thai firm Srangdee Development for a villa project in Chiang Mai.
The THB200 million project will see individual villas priced at THB10 million.
According to the report authored by Andrew Batt the private fund is composed in individual Singapore investors.
Chiang Mai is seeing an uplift in their property market given the sharp rise in tourism and direct air access.