SCB PRIVATE BANKING in partnership with Knight Frank Thailand opened a new window of opportunity for high-net-worth customers in Thailand further grow their wealth through investment in luxury property projects in London, one of the world’s most attractive financial hubs. The event confirmed SCB PRIVATE BANKING’s position as the trusted partner for asset allocation management.
Interesting information and insights on the market and Knight Frank’s latest edition of The Wealth Report 2015, which tracks the growing super-rich population around the world, were shared at the special event, “SCB PRIVATE BANKING & KNIGHT FRANK THAILAND: the Wealth Report 2015 & Luxury Property Investment” discussion held exclusively for SCB PRIVATE BANKING and KNIGHT FRANK THAILAND customers at the British Embassy. Participants were also invited to join the exclusive trip to visit London’s luxury property market in London later this year.
- Lalitphat Toranavikrai, Head of Private Banking, Siam Commercial Bank, said, “Our strategic long-term goal is to help our more than 10,000 high-net-worth customers successfully grow their wealth through asset allocation management. Our key task is to help our customers see through their investment portfolio and can effectively manage their port to best match the rapidly changing financial and economic situation. Amidst such changes, investment in high value assets, especially property, is an interesting choice for effective risk management and long-term incremental return on investment. Overseas property market trend is very positive. London, in particular, is where Thai high-net-worth customers are familiar with and interested in. However, we need to help them understand the market in order to make sound investment. We therefore, partner with Knight Frank Thailand, which is a part of a world’s leading property consultancy company with network covering 55 countries worldwide. Together we can provide insightful information and help customers find the best opportunities that best suit their needs and enable them to optimize their investment opportunities for long-term success.”
HE Mark Kent, British Ambassador to Thailand, said during his opening speech at the event, “London is the world’s No. 1 Global City, followed by New York and Hong Kong. However, only a handful of Thai investors are already investing in the property market in London and its vicinity. London has very high potential for investment, considering its good infrastructure, secured financial system and its position as one of the world’s major economic and travel destinations. The cooperation between SCB PRIVATE BANKING and KNIGHT FRANK THAILAND in hosting this real eye-opening event that would generate good return on investment for Thai investors. More importantly, the investment between the two countries will even further strengthen the bilateral relationship between UK and Thailand.”
Being part of the world’s leading expert in property investment, Knight Frank Thailand shared its insight about global property markets with over 100 participants of the event. It also presented “The Wealth Report 2015” that reflects changes and trends of ultra-high-net-worth individuals (UHNWIs) to the participants.
Mr. Phanom Kanjanathiemthao, Managing Director, Knight Frank Chartered (Thailand) Co., Ltd., said, “The Wealth Report studied the growth of super-rich population who owns more than USD30 million assets in 97 countries. In the latest edition (2014), Asia is the No. 1. This report forecasts that in the next 10 years, the number of UHNWIs in Asia will climb by 34% to a total of almost 231,000, overtaking North America. Vietnam will enjoy the highest growth rate of 159%.”
“Trend shows that UHNWIs worldwide are eyeing the second home market as investment alternative. Looking at the property market, property price in Europe slightly declined by 0.4% on average in the past year while that in the US increased. Considering attractive property price in European property market and increasing number of super-rich Asians who seek opportunity to invest in property market, we believe a great investment opportunity exists here. This is a good time for SCB PRIVATE BANKING and KNIGHT FRANK’s customers to reap benefits from highest possible return on investment in this market” said Mr. Phanom.
Ms. Lalitphat added, “SCB PRIVATE BANKING hoped that “The Wealth Report 2015 & Luxury Property Investment” event will give our customers a new opportunity for valuable investment. This event also confirmed our “It’s a Matter of Trust” promise that we deliver to our customers and help them optimize their wealth and achieve their goal. After this event, we will later this year organize an exclusive trip to London to allow our customers’ a first-hand experience with the luxury property market. Our customer will visit some properties with history related to royal or billionaires as well as many rising star properties. We believe this exclusive trip will help our customers see clearly how their investment would be like and can better manager their portfolio.”