1. Shortage of Quality New Developments.
During the COVID-19 pandemic, there was a lack of new real estate entering the market. Last year, on the west coast of Phuket, there were 24,211 apartments available for sale. Only 941 of them were completed in 2022. Therefore, purchasing property at the pre-construction stage is becoming increasingly promising. In a few years, the property will transform into a profitable asset.
2. Demand for Secondary Real Estate.
Due to the shortage of new developments and a significant influx of investors and tourists in Thailand, the secondary real estate market has become more active.
3. Advantageous Conditions.
Low property purchase taxes - 0.55% High yield potential - 5-8% annual returns in Thai Baht
Thailand offers a diverse range of locations to suit various purposes. Whether it's pristine white sandy beaches, urban landscapes, or serene Buddhist temples, the kingdom has numerous lucrative locations. Tourists and families with children often prefer the resort destination of Phuket, while business professionals gravitate towards the bustling city of Bangkok.
This makes Thailand one of the most promising real estate markets in the world. So, what are the investment options available right now? Read on in the review to find out!
No 1 — LuxPride by Wallaya Villas
No 2 —Banyan Tree Grand Residence
Luxury Premium Complex by Banyan Tree Group, Located 130 Meters from the Sea. The developer offers a project consisting of 40 apartments, 15 townhouses, and 10 villas. The advantages of Banyan Tree Grand Residence are:
- Direct beach access for each property.
- Residential privileges, including membership in the Laguna Phuket Golf Club.
- The complex is located in the most attractive part of the resort - Laguna Phuket.
This property is a synthesis of new technologies and traditional Thai architecture. The developer provides the opportunity to customize the space, allowing you to choose interior color details. It's a project designed for those who value maximum privacy. A private pool and terrace provide seclusion on this tropical resort.
Price: starting from 82,200,000 baht.
The developer offers a 5-year installment plan after the completion of construction. You will need to pay 50% of the property's cost during the construction period. After receiving the keys, you can rent out the property to start generating income. The project is planned to be completed by 2025.
No 3 — Кондоминиум Ritz Carlton Sky Residence
The Ritz-Carlton Sky Residence Condominium is situated in the tallest building in Thailand, the Mahanakhon Ritz-Carlton Bangkok. It offers a unique opportunity to become the owner of an entire floor within the hotel. Here are the property's key features:
- A vast area of 1,152 square meters
- 10 bedrooms and 12 bathrooms
- Full 360-degree panoramic views
- Access to Ritz-Carlton services
The Ritz-Carlton Condominium is the epitome of refined luxury and cutting-edge design. Despite its attractive location, top-tier services, and prestige, this property has been on the market for several years, awaiting its owner.
Price: 623,413,304 baht.
Luxurious villas and residences in Thailand offer a unique opportunity to enjoy the comfort and beauty of this exotic country. The increasing number of affluent tourists and the steady growth in property values confirm the attractiveness of investing in such properties in Thailand.