Reaffirming Thailand’s status as a world destination for the luxury residences market
BANGKOK, THAILAND – Media OutReach Newswire – 30 June 2026 – CG Capital Advisory Limited (CG Capital), Thailand’s leading investment manager from Central Group specializing in real estate and hospitality investment, today announced a major strategic investment milestone under the leadership of Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital. The company unveiled its forward-looking vision for the luxury residential and hospitality markets in Thailand, alongside the official launch of the sales gallery for InterContinental Residences Bangkok Asoke. The project carries a total development value of THB 5.5 billion, with two-bedroom units starting from THB 44.8 million. Reservations have already surpassed 60% ahead of the project’s official public launch, a clear sign of confidence in CG Capital’s strategy and its world-class standards.CG Capital’s Vision: Reading Global Volatility, Positioning Thailand as a World Destination.
InterContinental Residences Bangkok Asoke Building Head
Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, said that despite a difficult global economic backdrop, marked by slowing markets, geopolitical conflict, and volatility in traditional capital markets, CG Capital sees Thailand’s luxury real estate market moving in the opposite direction. Driving this is a major shift in the behaviour of the world’s wealthiest individuals: a wave of global wealth migration. Data from Henley & Partners shows the number of high-net-worth individuals (HNWIs) relocating globally has surged from 51,000 in 2013 to 142,000 in 2025, a 178% increase over 12 years.
Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital
“Global markets are slowing down, but Thailand is holding its position as a world destination. Demand from HNWI buyers, both Thai and international, hasn’t dropped off. If anything, these buyers have become more selective about the assets they choose. That tracks with what we’re seeing from Thailand’s Board of Investment, which has approved Long-Term Resident visas for more than 6,000 wealthy global citizens since 2022. Thailand isn’t just a tourism destination anymore. It’s become a place HNWIs choose for long-term residence and investment,” said Mr. Phoom.
Claiming the Asian Crown: The “Right Brand, Right Partners, Right Product” Strategy
Rising demand for high-end residences has pushed CG Capital’s investment strategy toward branded residences, the fastest-growing segment of the market. Thailand currently holds the largest market share of branded residences in Asia at 23.3% of the region’s USD 26.6 billion total market value, ahead of the Philippines (17.3%) and South Korea (11.6%). CBRE’s Global Branded Residences report ranks Thailand 4th in the world by number of projects, with Bangkok and Phuket sitting among the world’s top 10.
Mr. Phoom Chirathivat added:”The success of InterContinental Residences Bangkok Asoke comes down to understanding global trends. What sets us apart is ‘Right Brand, Right Partners, Right Product,’ paired with Bangkok’s best location, Sukhumvit. We’re not chasing a trend. We’re reading the market and building on the long-term confidence we have in this country.”
From Private Equity DNA to World-Class Product Development
What sets CG Capital apart, as the largest private equity fund manager in Thailand’s real estate and hospitality sector, is the way it applies institutional investment thinking to every part of development. Long-term asset value gets weighed through two lenses at once: capital appreciation and living experience.
CG Capital’s Next Steps and the Official Sales Gallery Launch
Looking ahead, Mr. Phoom said CG Capital will keep pursuing new investment opportunities in the hospitality segment, setting new standards for Thailand’s real estate industry. “Reservations above 60% so far are a clear vote of confidence in CG Capital. Now that the sales gallery is open to the public, we’re confident the design and craftsmanship on display will help the project move quickly toward its sales target, further cementing CG Capital’s position as Thailand’s leading branded residences developer,” he said.
InterContinental Residences Bangkok Asoke welcomes visitors to view show units at the sales gallery from 4–5 July onward. Interested parties may schedule an exclusive private appointment via https://residencesasoke.com/
or Tel: 092-989-2616
Expanding the Reach: Bringing the Project to International Buyers
Alongside the sales gallery opening in Bangkok, CG Capital continues to take InterContinental Residences Bangkok Asoke directly to international buyers. The project will next be featured at “Thailand: A New Chapter Begins,” an exclusive showcase hosted by CBRE Thailand in collaboration with Taiwan Sotheby’s International Realty in Taipei on 3 – 4 July 2026, from 1:30 p.m. – 5:00 p.m. at W Taipei (Strategy Room 1).
Taiwan is a market CG Capital sees as a promising source of long-term residence demand. According to CBRE Thailand and Real Estate Information Center (REIC), Taiwanese buyers now rank as the fourth-largest group of foreign buyers in Thai property market, with transaction value growing an average of 27% a year between 2023 and 2025. Thailand’s appeal to this group comes down to geographic proximity, competitive entry pricing, and a lifestyle suited to long-stay living.
For CG Capital, the event is also a chance to read first-hand how Taiwanese HNWIs are thinking about long-term residence and investment in Thailand. Interested parties in Taiwan may get in touch, please contact Taiwan Sotheby’s International Realty 0800.887.288 (Taiwan) or CBRE Thailand +66(0) 81 742 6624 (Thailand).
Hashtag: #CGCapital #InterContinentalResidencesBangkokAsoke
https://centralgroupcapital.com/
https://www.facebook.com/Centralgroupcapital/
The issuer is solely responsible for the content of this announcement.
About CG Capital
CG Capital Advisory Limited manages private equity investments for blue-chip domestic and international institutional and UHNW investors with an inaugural fund size of THB 10 billion, investing primarily in Thailand’s hospitality, tourism, and real estate sectors through greenfield, brownfield, and turnaround strategies. Its diversified portfolio includes hotels, branded residences, condominiums, amusement and water parks, and mixed-use developments, focusing on Thailand’s leading travel destinations such as Bangkok, Phuket, Koh Samui, and Pattaya.
Led by Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, the firm combines deep expertise in investment and hospitality with a strong conviction in Thailand’s tourism potential—particularly within the luxury and lifestyle segments.
Legal disclaimer
Sixteen Residences Limited, being the current owner and developer of InterContinental Residences Bangkok Asoke, is solely responsible for the development, marketing, and sale of the Units. The Units are not owned, developed or sold by InterContinental Hotels Group PLC or its affiliates (collectively “IHG”). There exists no joint venture, partnership, ownership or similar relationship between Sixteen Residences Limited and IHG. IHG is not responsible for the content presented in this press release.
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HONG KONG SAR – Media OutReach Newswire – 30 June 2026 – FastMed HK, a Hong Kong online dispensing platform, has announced its continued focus on supporting Hong Kong residents and Greater Bay Area visitors who require more convenient access to doctor assessment and prescription dispensing services in Hong Kong. The platform aims to address common pain points in traditional healthcare journeys, including long waiting times, inconvenient access to prescription medicines and privacy concerns, particularly for users seeking support in weight management, women’s health, men’s health, fertility preparation and other prescription-based healthcare needs.
Online Dispensing Model Addresses Access and Privacy Pain Points
As cross-border travel and healthcare enquiries continue to increase across the Greater Bay Area, some users are looking for a more structured way to understand Hong Kong’s prescription medicine system. FastMed HK said its service is designed to provide a clear pathway from online doctor assessment to e-prescription and dispensing, rather than direct self-purchase of prescription medicines.
The platform’s model combines online medical assessment, electronic prescription support, medicine delivery and in-store collection. By moving part of the healthcare journey online, FastMed HK aims to reduce unnecessary waiting time and repeated physical visits, while maintaining doctor involvement in prescription decisions.
Doctor Assessment Before Prescription Dispensing
FastMed HK provides online doctor assessment with no consultation fee. After assessment by a doctor, eligible users may receive an electronic prescription and arrange dispensing through delivery or in-store collection. The company emphasises that prescription medicines should only be supplied after professional medical review and according to each user’s individual medical situation.
“Medical convenience should not come at the expense of safety, compliance or privacy,” FastMed HK said. “Our role is to provide a structured online pathway where users can receive doctor assessment, obtain an electronic prescription where clinically appropriate, and arrange prescription dispensing through a transparent Hong Kong channel. This is particularly relevant for Greater Bay Area users seeking legitimate access to Hong Kong medical resources and professional support.”
Supporting Greater Bay Area Users Seeking Hong Kong Medical Access
FastMed HK said the service is also intended to support Greater Bay Area visitors who come to Hong Kong and require doctor assessment before arranging prescription dispensing. The platform noted that some medicine categories may be less accessible, less familiar or more difficult to enquire about in certain markets, creating demand for clear information and regulated medical processes in Hong Kong.
For users travelling to Hong Kong, the platform offers an online-first process that allows them to make enquiries, complete medical assessment where appropriate, and arrange prescription dispensing before collecting medicines in Hong Kong or receiving delivery, subject to the applicable service arrangement.
Service Scope Covers Multiple Prescription-Based Health Needs
FastMed HK’s service scope covers a range of prescription-based healthcare categories, including weight management, men’s health, women’s health, contraception-related enquiries, fertility preparation, obstetric-related medication support, hair-loss management and selected prescription medicine dispensing services.
The platform states that all prescription-related services are subject to doctor assessment. Medicines are dispensed according to applicable Hong Kong medical and pharmacy requirements, and are not intended for self-diagnosis or self-medication without professional advice.
Privacy-Focused Workflow for Sensitive Health Needs
Privacy is another key issue addressed by the platform. For health needs involving sexual health, contraception, hair loss, body weight, fertility preparation or other sensitive personal concerns, some users may delay seeking help due to embarrassment, time constraints or concerns over disclosure.
FastMed HK said its online workflow, discreet communication and dispensing arrangements are designed to offer a more private experience while keeping medical decisions under doctor supervision. The company believes this is especially important for users who require professional support but prefer to avoid unnecessary exposure during the consultation and medicine collection process.
Hashtag: #FastMed #Medical #Health
https://www.fastmedhk.com/
https://x.com/fastmedhk
https://www.facebook.com/people/Fast-med/61577995881471/
Wechat: Fastmedhk
https://www.instagram.com/fastmedhongkong/
The issuer is solely responsible for the content of this announcement.
About FastMed HK
FastMed HK is a Hong Kong online dispensing platform providing online doctor assessment, electronic prescription support and prescription medicine dispensing arrangements. Its service areas include men’s health, women’s health, fertility preparation, weight management and selected prescription medicine categories. All prescription medicines are subject to doctor assessment and are not intended for self-medication without professional advice.
Contact
Website: https://www.fastmedhk.com/
Telephone: 3596 3984
WhatsApp: 5115 3354
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **