A Closer Look at Sukhumvit: Medical Tourism and its Impact on Bangkok’s Rental Market

Step into a world of unparalleled medical care and holistic well-being as Bangkok takes the lead as the ultimate destination for medical tourism. Picture this: Thailand’s visionary concept, “Health for Wealth,” has positioned the country as a global hub for top-notch medical treatments and rejuvenating wellness experiences. In 2022, Thailand proudly secured the 5th spot amongst the world’s most sought-after health tourism destinations. And here’s the icing on the cake – foreigners can easily obtain a medical tourist visa, granting them a year-long stay with multiple entries of up to 90 days each! 

Thailand leads the way in Asia with an impressive total of 60 nationwide medical sites accredited by the renowned Joint Commission International (JCI), setting the global gold standard for healthcare quality and patient safety. But wait, there’s more! Patients flock to Thailand to save a staggering 50% to 90% on medical expenses compared to US medical facilities. A heart bypass surgery that costs a fortune in the US could cost merely $15,000 in private Thailand hospitals. Despite the significantly lower costs, Thailand’s private hospitals offer world-class treatment and care, making it a compelling choice for medical tourists. 

Some of the leading private hospitals boosting medical tourism are Sukhumvit Hospital, Bumrungrad International Hospital, Samitivej Hospitals, Bangkok Hospital Group and MedPark Hospital. These hospitals welcome approximately 50.0% of their visitors from around the world seeking top-notch medical care. But here’s a real gem – the Phyathai Hospitals Group boasts healthcare professionals that are fluent in 22 different languages to care for international patients. Coupled with the lower cost of living, Thailand’s high-quality medical care and cost-effectiveness make it the ideal spot for long-term stays for international patients. In fact, Allied Market Research estimates that Thailand’s medical tourism will soar to a jaw-dropping US$24.4 billion by 2027 from US$9.1 billion in 2019. 

Exterior of Mulberry Grove Sukhumvit 

It’s not just the medical world that’s flourishing – Bangkok’s real estate market is experiencing a seismic shift, all thanks to the burgeoning medical tourism and growing expat community from China. As medical travelers and their families flock to the city for short-term treatments, the demand for accommodations near medical facilities skyrockets, turning these prime properties into the hottest commodities on the market. 

But hold on, there’s even more! International patients embarking on longer treatment journeys seek nothing less than comfort and convenience in their recovery. With world-class medical facilities as their anchor, they yearn for long-term rentals that cater to their healing needs, creating an unprecedented surge in demand for luxurious and well-appointed accommodations within close proximity to these healthcare havens. 

The Strand Thonglor,  a joint venture between Magnolia Quality Development Corporation (MQDC) and Eden Estate Corporation (formerly known as One.Six Development), epitomizes modern living and contemporary elegance. MQDC, an award-winning developer committed to “For All Well-Being,” has consistently received recognition for its exceptional development, design, sustainability, and innovation. From 2019 to 2021, the company has amassed over 40 accolades, solidifying its reputation as a leader in the industry. 

Residence Lounge at Mulberry Grove Sukhumvit 

And the ripple effect of this medical tourism surge extends beyond patients and their families as healthcare professionals from across the globe are drawn to Bangkok’s medical scene. Eager to practice their expertise in this world-class healthcare hub, they too, seek long-term rental stays to nurture their careers and flourish within this healthcare space. 

Now, nestled in the heart of this thriving medical paradise is a prestigious property development that’s stealing the limelight – Mulberry Grove Sukhumvit, built by the award-winning developer, Magnolia Quality Development Limited (MQDC), with a special focus on health and wellness. Conveniently located on Sukhumvit Road, the heart of Bangkok’s prime district for tourists and expatriates alike, Mulberry Grove Sukhumvit offers easy access to public transportation, shopping, entertainment centers, and the esteemed Sukhumvit Hospital. 

Prepare yourself for the future of intergenerational living – a concept cherished by Mulberry Grove Sukhumvit.  Every unit and condominium facility exudes opulence while emphasizing health and well-being, making it the ideal home for families of all ages seeking to grow together, embracing diverse needs and fostering a sense of continuity in lifestyle and well-being. The revolutionary ERV (Energy Recovery Ventilation) technology in every unit ensures a constant flow of fresh, filtered air, keeping carbon dioxide levels at bay, and nurturing an environment conducive to holistic healing. 

Private Sky-High Onsen at Mulberry Grove Sukhumvit 

Now, imagine indulging in a world of luxury and relaxation at the Private Sky-High Onsen or Private Style Atelier, where women can avail themselves of makeup, hair, and manicure services. Unwind after a long day with daily complimentary afternoon tea and snacks at the Residential Lounge while reveling in the majestic view of the Chao Phraya River and Bang Krachao. Celebrate your family’s special moments in the Grand Private Family Room, the perfect space for cherished memories. 

Infinity Sky Pool at Mulberry Grove Sukhumvit   

Among the many remarkable features, this property also boasts four exquisite swimming pools, catering to every age and preference. From the serene Infinity Sky pool and therapeutic Hydrotherapy pool to the invigorating Thermal pool and the fun-filled children’s pool, there is something for everyone. Pamper yourself in the fully equipped private spa room, and stay fit at the Sky-High Gym Studio, equipped with the latest branded fitness equipment. Expert teachers are at hand to guide you through the invigorating Ballet Suite, Patio Gym, and Yoga Suite. The property also offers caregiver services, with a dedicated wellness manager ensuring your family receives the utmost care and assistance. 

The Courtyard at Mulberry Grove Sukhumvit 

At Mulberry Grove Sukhumvit, the ground floor boasts three enchanting gardens that serve as rejuvenating sanctuaries, providing a natural ‘medicine for the soul.’ For those with green thumbs, the Gourmet Courtyard presents a unique opportunity to grow your own vegetables. Revel in the morning sun at the English Courtyard, a tranquil spot to stroll and immerse yourself in the beauty of nature. The Multigeneration Courtyard caters to every family member, from kids who can play in the playground to moms hosting delightful tea parties, and older family members engaging in invigorating exercise routines. 

If you’re eager to explore one of Bangkok’s best luxury property investments, seize the opportunity now! For the first time this year, MQDC will be hosting its exclusive property roadshow in Singapore. 

Want to find out more about investing in Bangkok? Read our next article here!

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