Thailand: Luxury resort property to stay strong
Posted by Rebecca Sale on 8 th in DSR, Investment Property, Thailand property news on 8th of November 2010While the rest of the world is grappling with housing market problems, Thailand property continues to buck the trend.
Thailand is a resilient country. During the past four years, the country has faced the challenge of two major events that could have driven the country into ruin. First the 2004 tsunami devastated the coastal areas, then just two years ago, a military coup ousted a democratically elected government.
There was concern that the thriving tourist industry would grind to a halt, bringing down the flourishing foreign-owned housing market with it. But the effects of both events have been short-lived.
A booming tourist industry has continued unaffected, with more than 14 million tourists visiting the country last year. And although foreign investors were initially nervous after the military coup, once it became clear the new government did not intend to take any measures that would adversely affect the tourist industry and the property market, signs of any slowdown disappeared.
Some factors that drive the resort property market are obvious. Luxury resort property is still 50 percent cheaper than in the Mediterranean or the Caribbean. And ongoing management costs are very affordable and service is top quality. Then there is a rapidly growing super yacht and marine industry which supports the real estate market and Thailand has some of the most beautiful year-round waters in the world.
In addition, Thailand has got international schools, hospitals, incredible cuisine and a wide range of entertainment options that makes it attractive to holiday makers. And Thailand’s tourist infrastructure is well developed, the country safe, and the people friendly.
Many properties match world class standards and buyers and enquiries are becoming ever more global as investment comes from all over the world.
DSR, the overseas property specialists, have three such world class properties in Thailand.
Maenam Hills is an exclusive boutique development of 10 luxuriously modern villas, each with 2 large bedrooms, plenty of outdoor terracing and balconies, manicured tropical gardens and full resort services available to all guests and owners.
Siranya Samui is an exclusive residential resort comprising just 23 architecturally driven, luxury apartments, club house, restaurant and spa. Samui is fast becoming a haven for this region’s wealthier individuals, and compared to similar projects, Siranya represents the best value real estate Koh Samui.
Nestled in the foothills overlooking Hing Kong Bay, Wok Tum Residence is within easy reach of the many west coast white sandy beaches and the secluded villas enjoy unspoilt bay and mountain views.
