Thailand-listed Country Group Development is eyeing opportunities in Hong Kong’s property market, following the overwhelming response in the city when its luxury residential development in Bangkok was launched here last year.
“We are looking at a number of opportunities in Hong Kong,” said Country Group chief executive Ben Taechaubol.
With a combined stake of 31.36 per cent, he and his father, Sadawut Taechaubo, are the biggest shareholders in the company.
The market in Hong Kong is very competitive and Country Group has to adopt a sectoral development approach, said Ben Taechaubol, expressing interest in acquiring existing properties as well as land in the city.
“But the idea is still in the early stages. Residential development will be our top priority if opportunities arise in the city,” he said.