With AEC, we can expect to see investors and developers looking to expand their markets into other countries, for example, Myanmar has recently become more open, and so some investors are looking at the options there, both to buy finished homes, and for developers looking to create new properties. We are already seeing UK and foreign properties being purchased by Thai investors, often either hotel branded or super luxury level developments, peace of mind and assurance of quality are major decision factors when purchasing abroad. We expect to see a few larger Thai developers continuing to undertake more work abroad, as they have competitive advantages in terms of sourcing, construction and experience in a wide range of markets from low to high.
How is PACE preparing for AEC?