1. Thailand is back to business
There is much to look forward to in the Land of Smiles, as the Thai government fully implemented the lifting of most Covid restrictions while aiming for a smooth transition to an endemic status. Travel restrictions have been further eased to continue boosting the economy and the tourism sector.
Complicated Test & Go as well as quarantine entry programs including the Thai Pass have been scrapped. Only proof of vaccination or a negative PCR test are needed before boarding. Regardless of their country of origin, incoming travellers will no longer be subjected to the constraining PCR test on arrival.
With the end of such drastic Covid measures, Thailand expects to welcome more than 20 million tourists in the next 9 months. Bars, restaurants, and other entertainment venues all returned to normal operations and under special approval of the government in tourist hotspots such as Bangkok, Chiangmai, Phuket, Samui, along with many other cities and provinces. This already has a positive effect on touristic activities, and provide a significant boost to the Thai economy as well as most real estate segments targeted by foreign investors (in Bangkok and touristic resorts).
2. The Rise of Super Luxury
Sense Property is excited to announce its full adherence to Luxury Portfolio International® (LPI), a renowned marketing platform showcasing a selection of Leading Real Estate Companies of the World® (LeadingRE) members. LeadingRE is an invite-only exclusive network of global real estate agencies and brokers. The LPI platform draws more than three million high-net-worth visitors a year to their portal and will provide our agency further exposure to international clients interested in purchasing luxury properties in Thailand.
Lately, Sense Property has been focusing on the super-luxury segment. We have partnered with numerous branded and super-luxury residences that offer 5-star services with prestigious architecture and remarkable design. The luxury and super luxury segments have rapidly become a fast-growing sector of Thailand’s real estate market in the past few years. There is undoubtedly an increasing demand for such luxurious properties from families and retirees relocating to Thailand, which creates good investment opportunities. The Land of Smiles has become a good alternative for wealthy individuals who want to diversify their real estate portfolio with limited interference from the government.
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3/ Sense is expanding in Phuket and Koh Phangan
With the pandemic, many people took advantage of the current remote working option to change their work environment by moving to more laid-back areas outside of Bangkok. At Sense Property, we have witnessed lately an increasing demand in areas such as Phuket and Koh Phangan from both, domestic and international clients. In an effort to provide better support and assistance to our clients, we have deployed more resources along with partnerships with local experts.
The northern side of Phuket has widely benefited from such growing interest, with a significant improvement in the local infrastructure. The proximity to a modernized domestic and international airport, international schools, hospitals, restaurants, cafes, and clubs are essential criteria for those who chose to relocate to the province. As a result, Phuket has seen its expat population growing rapidly, supported by an increasing number of small and medium-sized companies opening new offices there.
Strategically located an hour from Koh Samui by boat, Koh Phangan is the latest trendy paradise of Thailand, with most of the island still unspoiled while offering magical escapes. This small island has a lot to offer with a large choice of modern luxury villas built in respect of the landscape.
Our team of experts would be delighted to assist you with your project and answer any questions you may have. Contact us by email email@example.com or by phone +66 (0) 2 005 12 59