{"id":12684,"date":"2022-08-06T12:10:51","date_gmt":"2022-08-06T04:10:51","guid":{"rendered":"https:\/\/drea.com.sg\/enterprise\/?p=12684"},"modified":"2022-08-06T16:29:20","modified_gmt":"2022-08-06T08:29:20","slug":"why-are-asian-investors-returning-to-bangkoks-luxury-property-market","status":"publish","type":"post","link":"https:\/\/drea.com.sg\/enterprise\/2022\/08\/06\/why-are-asian-investors-returning-to-bangkoks-luxury-property-market\/","title":{"rendered":"Why are Asian Investors Returning to Bangkok\u2019s Luxury Property Market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12684\" class=\"elementor elementor-12684\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-581cc3c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"581cc3c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb020e6\" data-id=\"eb020e6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9531e84 elementor-widget elementor-widget-text-editor\" data-id=\"9531e84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span class=\"TextRun SCXW237737848 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW237737848 BCX0\">The impact of the COVID pandemic has rippled across the globe and impacted most forms of economic activity. Even the property market has not been spared from it.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW237737848 BCX0\"><span class=\"SCXW237737848 BCX0\">\u00a0<\/span><br class=\"SCXW237737848 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW237737848 BCX0\"><span class=\"SCXW237737848 BCX0\">\u00a0<\/span><br class=\"SCXW237737848 BCX0\" \/><\/span><span class=\"TextRun SCXW237737848 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW237737848 BCX0\">Before this, the Thailand residential property market had always been a top investment destination favored by Asian investors, mainly Chinese, Hong Kong, and Singaporean buyers.<\/span><\/span><span class=\"EOP SCXW237737848 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span class=\"TextRun SCXW27238031 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW27238031 BCX0\">\u201cForeign buyers consider Thailand an attractive investment destination that offers a <\/span><span class=\"NormalTextRun SCXW27238031 BCX0\">high-quality<\/span><span class=\"NormalTextRun SCXW27238031 BCX0\"> lifestyle. They believe the EEC and high-speed rail will help contribute to real estate price growth in the coming years. More importantly, they believe that the Thai property market will rebound spectacularly when mass tourism resumes and bring greater numbers of offshore buyers eager to make up for a lost time,\u201d as quoted in the Bangkok Post.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW27238031 BCX0\"><span class=\"SCXW27238031 BCX0\">\u00a0<\/span><br class=\"SCXW27238031 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW27238031 BCX0\"><span class=\"SCXW27238031 BCX0\">\u00a0<\/span><br class=\"SCXW27238031 BCX0\" \/><\/span><span class=\"TextRun SCXW27238031 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW27238031 BCX0\">It is therefore unsurprising that Thailand remained the most searched property market by Chinese buyers even in 2020.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW27238031 BCX0\"><span class=\"SCXW27238031 BCX0\">\u00a0<\/span><br class=\"SCXW27238031 BCX0\" \/><\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495af14 elementor-widget elementor-widget-heading\" data-id=\"495af14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investors are using the downturn to score luxury assets that are of good value <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f32c85d elementor-widget elementor-widget-text-editor\" data-id=\"f32c85d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span class=\"TextRun SCXW154751181 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW154751181 BCX0\">The travel restrictions <\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">have<\/span><span class=\"NormalTextRun SCXW154751181 BCX0\"> resulted in an exodus in visitor numbers and foreign investor activity. Yet, it is undeniable that every down cycle presents an opportunity.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW154751181 BCX0\"><span class=\"SCXW154751181 BCX0\">\u00a0<\/span><br class=\"SCXW154751181 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW154751181 BCX0\"><span class=\"SCXW154751181 BCX0\">\u00a0<\/span><br class=\"SCXW154751181 BCX0\" \/><\/span><span class=\"TextRun SCXW154751181 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW154751181 BCX0\">Buyers committed to deals during the pandemic have <\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">benefitted<\/span><span class=\"NormalTextRun SCXW154751181 BCX0\"> from the high discounts and promotions offered in many projects. Under the Thailand Elite Card scheme, many foreign buyers have also secured long-term residency visas in exchange for property investment.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW154751181 BCX0\"><span class=\"SCXW154751181 BCX0\">\u00a0<\/span><br class=\"SCXW154751181 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW154751181 BCX0\"><span class=\"SCXW154751181 BCX0\">\u00a0<\/span><br class=\"SCXW154751181 BCX0\" \/><\/span><span class=\"TextRun SCXW154751181 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW154751181 BCX0\">The luxury segment has <\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">benefitted<\/span><span class=\"NormalTextRun SCXW154751181 BCX0\"> from this, most <\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">evidently through<\/span><span class=\"NormalTextRun SCXW154751181 BCX0\"> an uptick in demand and an exceptionally high volume of inquiries for that segment. <\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">Aliwassa<\/span> <span class=\"NormalTextRun SCXW154751181 BCX0\">Pathnadabutr<\/span><span class=\"NormalTextRun SCXW154751181 BCX0\">, managing director of CBRE Thailand, commented, \u201cThe luxury housing market has been one of the fastest segments to recover as Thailand\u2019s lockdown restrictions ease. Our ongoing luxury housing projects sales have also achieved better rates than the pre-COVID 19 periods because developers are also offering more discounts.\u201d<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW154751181 BCX0\"><span class=\"SCXW154751181 BCX0\">\u00a0<\/span><br class=\"SCXW154751181 BCX0\" \/><\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf9ed47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf9ed47\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05293ed\" data-id=\"05293ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4e0c66f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e0c66f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fbc7e48\" data-id=\"fbc7e48\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4cc2af2 elementor-widget elementor-widget-image\" data-id=\"4cc2af2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"580\" height=\"387\" src=\"https:\/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1-768x512.jpg\" class=\"attachment-medium_large size-medium_large\" alt=\"\" srcset=\"\/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1-768x512.jpg 768w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1-300x200.jpg 300w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1-1024x683.jpg 1024w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1-1200x800.jpg 1200w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/Picture2-1-1.jpg 1375w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-24efab2\" data-id=\"24efab2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cad866b elementor-widget elementor-widget-heading\" data-id=\"cad866b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Confidence in Thailand\u2019s long-term property market remains bullish <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4ccb76 elementor-widget elementor-widget-text-editor\" data-id=\"f4ccb76\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span class=\"TextRun SCXW259532780 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW259532780 BCX0\">Prices of Thailand&#8217;s real estate are still considerably more affordable than many of the other real estate markets in Asia and the country is perceived to be friendly towards foreign investment.<\/span><\/span><\/p><p><span class=\"TextRun SCXW259532780 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW259532780 BCX0\">49% of units in <\/span><span class=\"NormalTextRun SCXW259532780 BCX0\">condos<\/span> <span class=\"NormalTextRun SCXW259532780 BCX0\">located<\/span><span class=\"NormalTextRun SCXW259532780 BCX0\"> in selected areas is made available for foreigners to <\/span><span class=\"NormalTextRun SCXW259532780 BCX0\">buy<\/span><span class=\"NormalTextRun SCXW259532780 BCX0\"> and there have even been talks of further increasing it. Foreigners <\/span><span class=\"NormalTextRun SCXW259532780 BCX0\">also do not have to<\/span><span class=\"NormalTextRun SCXW259532780 BCX0\"> pay <\/span><span class=\"NormalTextRun SCXW259532780 BCX0\">additional<\/span><span class=\"NormalTextRun SCXW259532780 BCX0\"> property tax, unlike most countries.<\/span><\/span><span class=\"EOP SCXW259532780 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span class=\"TextRun SCXW18670964 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18670964 BCX0\">Besides the attractive tax structure for foreign buyers, it is also relatively easy for foreigners to sell their Thai home, be it to a local or to another foreigner.<\/span><\/span><\/p><p><span class=\"TextRun SCXW18670964 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW18670964 BCX0\">There is no restriction, no seller stamp duty or any minimum investment period which is another <\/span><span class=\"NormalTextRun SCXW18670964 BCX0\">reason<\/span><span class=\"NormalTextRun SCXW18670964 BCX0\"> so many <\/span><span class=\"NormalTextRun SCXW18670964 BCX0\">property<\/span><span class=\"NormalTextRun SCXW18670964 BCX0\"> investors <\/span><span class=\"NormalTextRun SCXW18670964 BCX0\">favour<\/span><span class=\"NormalTextRun SCXW18670964 BCX0\"> Thailand compared to other alternative property markets.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW18670964 BCX0\"><span class=\"SCXW18670964 BCX0\">\u00a0<\/span><\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e51c3f elementor-widget elementor-widget-heading\" data-id=\"6e51c3f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-medium\">Recovery on the horizon following success in containing COVID <\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e65f9ee elementor-widget elementor-widget-text-editor\" data-id=\"e65f9ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span class=\"TextRun SCXW39066434 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39066434 BCX0\">Thailand\u2019s response to COVID-19 has been swift, <\/span><span class=\"NormalTextRun SCXW39066434 BCX0\">sharp,<\/span><span class=\"NormalTextRun SCXW39066434 BCX0\"> and responsive. By closing its borders early at the onset of the pandemic, it has managed to <\/span><span class=\"NormalTextRun SCXW39066434 BCX0\">contain<\/span><span class=\"NormalTextRun SCXW39066434 BCX0\"> the spread of the virus. The government has also been fast to respond to any sign of a potential outbreak, including with recent spikes in cases.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW39066434 BCX0\"><span class=\"SCXW39066434 BCX0\">\u00a0<\/span><br class=\"SCXW39066434 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW39066434 BCX0\"><span class=\"SCXW39066434 BCX0\">\u00a0<\/span><br class=\"SCXW39066434 BCX0\" \/><\/span><span class=\"TextRun SCXW39066434 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39066434 BCX0\">Before that, there have been talks of opening the country\u2019s border to <\/span><span class=\"NormalTextRun SCXW39066434 BCX0\">neighboring<\/span><span class=\"NormalTextRun SCXW39066434 BCX0\"> countries and those with close ties to Thailand, such as Singapore, Hong Kong, South Korea, and even Japan, to kick start the economy.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW39066434 BCX0\"><span class=\"SCXW39066434 BCX0\">\u00a0<\/span><br class=\"SCXW39066434 BCX0\" \/><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW39066434 BCX0\"><span class=\"SCXW39066434 BCX0\">\u00a0<\/span><br class=\"SCXW39066434 BCX0\" \/><\/span><span class=\"TextRun SCXW39066434 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39066434 BCX0\">For now, Thailand continues to rank as one of the best-placed countries to recover from the pandemic in Asia.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW39066434 BCX0\"><span class=\"SCXW39066434 BCX0\">\u00a0<\/span><br class=\"SCXW39066434 BCX0\" \/><\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-57036f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57036f9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a0e00f2\" data-id=\"a0e00f2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8feb04d elementor-widget elementor-widget-heading\" data-id=\"8feb04d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-medium\">Attractive rental yield fueled by tourism bounce back<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d664162 elementor-widget elementor-widget-text-editor\" data-id=\"d664162\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span class=\"TextRun SCXW67478334 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW67478334 BCX0\">Tourism has been a major engine for Thailand\u2019s economic growth. Since 2011, Chinese tourists have been the largest demographic group to visit and invest in Thailand.&nbsp;<\/span><\/span><\/p><p><span class=\"TextRun SCXW67478334 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW67478334 BCX0\">We also saw hundreds of Chinese apply for Thailand\u2019s newly introduced special tourist visas, after it was rolled out in October 2020.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW67478334 BCX0\"><span class=\"SCXW67478334 BCX0\">&nbsp;<\/span><br class=\"SCXW67478334 BCX0\"><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW67478334 BCX0\"><span class=\"SCXW67478334 BCX0\">&nbsp;<\/span><br class=\"SCXW67478334 BCX0\"><\/span><span class=\"TextRun SCXW67478334 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW67478334 BCX0\">Under the new visa, tourists from <\/span><span class=\"NormalTextRun SCXW67478334 BCX0\">low-risk<\/span><span class=\"NormalTextRun SCXW67478334 BCX0\"> countries were allowed to enter Thailand for long stays up to <\/span><span class=\"NormalTextRun SCXW67478334 BCX0\">270 days<\/span><span class=\"NormalTextRun SCXW67478334 BCX0\">. The visas are designed to incentivize and foreigners to visit Thailand.<\/span><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW67478334 BCX0\"><span class=\"SCXW67478334 BCX0\">&nbsp;<\/span><br class=\"SCXW67478334 BCX0\"><\/span><span class=\"LineBreakBlob BlobObject DragDrop SCXW67478334 BCX0\"><span class=\"SCXW67478334 BCX0\">&nbsp;<\/span><br class=\"SCXW67478334 BCX0\"><\/span><span class=\"TextRun SCXW67478334 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW67478334 BCX0\">With countries around the world gradually opening their borders, analysts expect an upward of 4% on rental yield for condominiums in central Bangkok, driven by the amount of tourism the city receives.<\/span><\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3d1f0d9\" data-id=\"3d1f0d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-942cbcb elementor-widget elementor-widget-image\" data-id=\"942cbcb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"580\" height=\"357\" src=\"https:\/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-1024x631.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"\/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-1024x631.jpg 1024w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-300x185.jpg 300w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-768x473.jpg 768w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-1536x947.jpg 1536w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-2048x1263.jpg 2048w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-1200x740.jpg 1200w, \/\/drea.com.sg\/enterprise\/wp-content\/uploads\/2022\/08\/ragnar-vorel-CxzAOzY5GBg-unsplash-1-1980x1221.jpg 1980w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The impact of the COVID pandemic has rippled across the globe and impacted most forms of economic activity. Even the property market has not been spared from it.&nbsp; Before this, the Thailand residential property market had always been a top investment destination favored by Asian investors, mainly Chinese, Hong Kong, and Singaporean buyers.&nbsp; \u201cForeign buyers [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12826,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why are Asian Investors Returning to Bangkok\u2019s Luxury Property Market - DREA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drea.com.sg\/enterprise\/2022\/08\/06\/why-are-asian-investors-returning-to-bangkoks-luxury-property-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why are Asian Investors Returning to Bangkok\u2019s Luxury Property Market - DREA\" \/>\n<meta property=\"og:description\" content=\"The impact of the COVID pandemic has rippled across the globe and impacted most forms of economic activity. 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