Why Singaporeans Should Invest In Properties In Thailand

Did you know that Bangkok, Thailand was second most visited city in the world in 2014? According to Master Card’s Global Destinations City Index, it received over 16 million international arrivals. This is only one of a few reasons why Singaporeans should take advantage of every opportunity they have to invest on property in one of South East Asia’s booming economies. That is why we list down some of

1.       Tourism is big business

Tourism is a major industry in the country. If you invest in a Thailand property, you have a lot of options to have it rented out. With Airbnb and other rental websites, you wouldn’t have a hard time having it leased out. Plus, a lot of Europeans take long vacations in the country. Long term rentals will help you gain your money back right away. Who knows? You might even want to buy another property in the country and double your investment. Property in the country is still fairly affordable in Thailand compared to properties in Singapore or Hong Kong.

2.       Economic recovery

Thailand has a very resilient economy. Despite its numerous incidents of political unrest, it has maintained a very good economy. It has a world class transportation system and infrastructure system. This makes living in the country really easy. Communication system is also top-notch. Plus, they also have affordable food. The Thai government has made it also easy for foreign direct investment that makes their economy very robust.

3.       Hub for Indochina

Thailand is also known as a business hub for Indochina. Countries like Myanmar, Laos, Cambodia, and Vietnam all see Thailand as the hub for the region. Buying a Thailand property as a business investment is a very good move. You can have your property rented out to corporations who want a regional office in the area. The government incentivises businesses who’d like to invest in the country. This makes it a very lucrative venture.

4.       Preference to ASEAN nationals

ASEAN nationals (Brunei Darussalam, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, and Vietnam) have an easier time investing in the country. This is an amazing opportunity to invest in such a booming economy. It’s easier to invest in property when you come for an ASEAN country rather than those coming from Europe or USA. Plus, opening up a business is also easier for ASEAN nationals. Thailand’s population is over 67 million people and add in 16 million international tourists every year. It is an excellent opportunity to make a very lucrative investment.

It is without a doubt a great investment to buy property in Thailand. But you also have to be very cautious about their laws and regulations. Look for a lawyer who has background in land laws in Thailand. There are estate agents available in Singapore that can help you choose a property. They can also go through with you the different processes involved.

Are you planning on investing in Thailand? What cities do you plan to invest in and why? Let us know in the comments section below.