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Thailand Real Estate Investment: 4 Key Investment Assets to Maximize Your Asset Growth in Thai Real Estate
If you're looking for the opportunity to explore national parks rich in wildlife or want to try the thrilling adventure of sunbathing on the beach, then you need to come to Thailand. Visit magnificent temples, explore ancient ruins... there is always a great adventure waiting for those who wish to invest in real estate in Thailand.
Real estate investment target in Thailand: Pattaya.
Pattaya is located 147 kilometers southeast of Thailand's capital, Bangkok, on the eastern Gulf coast of Thailand. It has transformed from a quiet village in the 1960s into a popular travel destination. The numerous resorts, high-rise apartments, shopping centers, and clubs have paved the way for attracting tourist investments in the area, and investors can always purchase second-hand properties here at affordable prices.
Eastern Economic Corridor
The Thai parliament approved the investment and trade regulations for the Eastern Economic Corridor. The government hopes to transform various provinces in Thailand into technology manufacturing centers by 2021 through the development of the EEC plan, which is also expected to achieve an economic value of $43 billion.
Pattaya U-Tapao Airport
The government hopes that U-Tapao Airport can attract more tourists to Pattaya, so it is further influencing the aviation industry by constructing a second runway and passenger terminal, while also connecting the airport to high-speed rail and developing a commercial area, with a commitment to improving and maintaining the orderly development of the free trade zone.
Real estate investment target in Thailand: Bangkok.
As the capital of Thailand, Bangkok is undoubtedly a must-visit destination for tourists. Due to its rich culture and unique historical landmarks, many expatriates have chosen to settle here. The city boasts countless attractions, such as dazzling museums and enchanting art galleries, providing plenty of reasons for Bangkok to be ranked as one of the most visited cities in the world!
Bangkok Second-Hand Project
Compared to Western countries, Thailand's second-hand real estate market is more attractive to buyers because the ownership transfer process is very simple. Although the word "simple" does not necessarily mean without pressure, it undoubtedly makes real estate investment in Thailand much less burdensome. Interestingly, buyers can find reliable second-hand homes in prime locations at competitive prices. Most importantly, these homes cost 30-40% less than equivalent residential projects in other countries.
Bangkok apartments and building renovations.
The issues with apartments mostly revolve around the lack of bedrooms, but Bangkok has cleverly addressed this problem by revitalizing old buildings. Bangkok is now focusing on launching standard one-bedroom apartments of 30 to 35 square meters and two-bedroom apartments of 50 to 75 square meters, whereas earlier apartment projects typically had larger floor areas exceeding 100 square meters.
Thailand real estate investment target three: Phuket.
If you love beaches, then Phuket should be on your travel destination list. The exquisite white sands, palm trees, sparkling ocean, and festive little towns will uplift your spirits! And this is not the only reason they attract real estate investors; there are many more wonderful things worth exploring and discovering.
Phuket has a tram system and an airport.
According to data from the Mass Rapid Transit Authority (MRTA), Phuket will soon construct a tram system worth 35 billion baht. MRTA head Pakapong Sirikantarama mentioned that the revised design for the light rail is awaiting approval from the MRTA board. This tram line will stretch 41.7 kilometers from Phuket International Airport to Chalong Intersection, including tunnels and elevated sections, addressing unfavorable traffic conditions.
The proximity and convenience facilities of Phuket Island.
Thailand is close to Singapore and Malaysia, which enhances the regional potential for both locals and tourists to enjoy. The area boasts numerous department stores as well as world-class hospitals and schools. The island's development signifies a promising outlook for business investment, and it drives foreign investors to seek affordable real estate. At the same time, permanently owned condominiums purchased by foreigners also make up a significant proportion in the area.
Thailand real estate investment target four: Koh Samui
In the past, this area was a community primarily engaged in fishing, so you can feel the purest local Thai culture here. Bars and restaurants are everywhere in the seaside villages of Koh Samui, making it a great place to enjoy the sunset. Tourists can experience the solemnity of Buddhist temples while also finding joy in musical performances. This place is dotted with pristine beaches, and compared to other enticing Thai attractions, the villa prices here are relatively affordable. People are often attracted by the high-end tourism offerings in this sunny environment, so these real estate investments can meet the demands of the tourism industry and have high revenue potential.
According to the survey, an increasing number of retirees are expected to settle down in Koh Samui in the future. There are many reasons to stay in the Land of Smiles, and perhaps spending the rest of their lives here after retirement is also a good choice.
Thailand Shuoshen Real Estate Network.
