Why do we need to invest in Thailand?
A country with a population of 69 million, Thailand stands at the heart of the ASEAN Economic Community, a 10-nation Southeast Asian common market of 660 million consumers.
Foreign investors ranging from global giants Hitachi, BMW and Western Digital to fast-growing startups, the focus is firmly on the future as Southeast Asia’s second-largest economy races to transform itself into Thailand 4.0, the region’s innovation and knowledge-based digital hub.
Foreign companies specializing in such advanced technologies as aerospace, artificial intelligence, biosciences, electric vehicles, fintech, robotics and production of sophisticated medical devices are taking advantage of a highly skilled workforce, rapidly-improving infrastructure and lavish government incentives to move their operations to Thailand.
A surge in property development in Bangkok
Bangkok, the bustling capital city of Thailand, has experienced a significant surge in property development in recent years. This growth can be attributed to various factors, including a growing economy, increased foreign investment, and government initiatives. In this article, we will explore the reasons behind this surge in property development and its impact on the city.
4 Factors Driving Thailand’s Property Growth
1. Economic Growth
Thailand has experienced steady economic growth in recent years, with the country’s GDP increasing at a consistent rate. This growth has led to higher disposable incomes for Thai citizens, resulting in increased demand for housing and commercial properties in Bangkok.
2. Foreign Investment
Bangkok has become an attractive destination for foreign investors, drawn by the city’s strategic location in Southeast Asia, business-friendly policies, and favorable exchange rates. The Thai government has introduced several measures to encourage foreign investment, such as tax incentives and relaxed ownership restrictions. As a result, there has been a significant inflow of foreign capital into Bangkok’s property market.
3. Infrastructure Development
The Thai government has also focused on improving the city’s infrastructure, such as expanding the mass transit system, constructing new roads, and upgrading airports. This has made Bangkok more accessible and attractive for both local and international investors, leading to increased demand for property development.
Bangkok has experienced rapid urbanization, with more people moving to the city in search of better job opportunities and a higher standard of living. This has led to a growing need for housing, commercial spaces, and public facilities, driving property development in the city.
2 core reasons you should invest with Ashton Hawks
1. This year, Ashton Hawks is honored to be awarded the Outstanding Overseas Property Agency Award by Business Focus Award 2023. It is highly professional and recognized in the overseas property market.
2. Ashton Hawks works with reputable renowned developers, such as Sansiri, Renaker, Barratt London, Select Property Group, with their exceptional quality, attention to details, and commitment to delivering exceptional living experiences, we are glad that to secure your dream home or investment property before the general public.
3. Ashton Hawks has our own team of experienced professionals will handle all aspects of property management, from finding and screening tenants to maintenance and repairs. With our comprehensive services, you can sit back and relax while we take care of everything for you.
Want to know more about Thailand property market?
Find us here or give us a call!
【Bangkok Property Investment Seminar 】
Date: 17-18 June 2023 (Sat – Sun)
Time: 12pm (Eng) | 2pm (Canto) | 4pm (Canto)
Venue: Salon 1 – 4, JW Marriott Hotel Hong Kong, Admiralty
Enquiry: 5226 1138
Limited seats available. By RSVP only.
Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. *Rental yield is projected by the agency and not guaranteed by the developer.