Thailand Property News

Infrastructure developments boosting Thai condo market

by Ray Clancy on March 26, 2013

Bangkok condo sector divided

Infrastructure developments boosting Thai condo market

Ambitious infrastructure plans have resulted in an upsurge in Thailand’s property investment potential with Pattaya and Bangkok having the potential to become real estate hot spots, it is claimed. Some US$72 billion is being spent in the next four years on major projects such as a new system of rail networks connecting Thailand’s major Northern provinces, including Chaing Mai and Bangkok.

Plans from the Association of Southeast Asian Nations’ (ASEAN) to eliminate tariffs and to open new Free Trade Areas, are also likely to encourage more foreign investment into Thailand, according to global property investment specialist Knight Knox International. New infrastructure is set to improve accessibility across the country and boost the tourism trade. The Ministry of Tourism and Sports reported that over 22 million tourists visited Thailand last year, holidaying mainly in the popular regions of Pattaya and Bangkok. [click to continue…]

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