The Appeal of Real Estate Investment in Thailand
General Situation in Thailand
| Area | 514,000 square kilometers |
|---|---|
| Population | 66.09 million (in 2022) (from the Thai Ministry of Interior) |
| Capital City | Bangkok |
| Nation | The majority are Thai. Others: Chinese, Malays, etc. |
| Language | Thai language |
| Religion | Buddhism 94%, Islam 5%. |
| Brief History | The foundation of the Kingdom of Thailand was laid in the 13th century by the Sukhothai dynasty, followed by the Ayutthaya dynasty (14th-18th century), the Thonburi dynasty (1767-1782), and the current Chakri dynasty (1782-). 1932 Constitutional revolution. |
| Ruler | His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua, The Kingdom of Thailand (King Rama X) |
| GDP | 495.2 billion dollars (nominal, 2022, National Economic and Social Development Board of Thailand) |
| GDP per capita | 7,089.7 USD (2022, National Economic and Social Development Council of Thailand) Key industries |
| Main Industries | Agriculture accounts for about 30% of the workforce but contributes less than 10% to GDP. On the other hand, the manufacturing sector employs about 15% of the workforce but accounts for approximately 30% of GDP, the highest share. Additionally, tourism is a pillar of the Thai economy. For example, in 2019, before the COVID-19 pandemic, revenue from international tourism reached $60.5 billion, ranking 4th in the world. This amount is equivalent to approximately 12% of Thailand's GDP. |
Urbanization in Bangkok and Infrastructure Investment in the Eastern Waterfront Area
Since the opening of the BTS elevated railroad system in 1999, the opening of new lines and extension plans have been proceeding at a considerable pace,
and a mass transportation network has been established covering the metropolitan area with 11 lines, including those about to open.
The government has been investing large amounts of money in the eastern provinces of Chonburi and Rayong, where infrastructure for ports, industrial parks, and highways is being developed, and many manufacturing companies from all over the world are moving into the area.
In particular, investment related to electric vehicles has been growing rapidly recently.
The government has been investing large amounts of money in the eastern provinces of Chonburi and Rayong, where infrastructure for ports, industrial parks, and highways is being developed, and many manufacturing companies from all over the world are moving into the area.
In particular, investment related to electric vehicles has been growing rapidly recently.
Consideration
It is important to note that the manufacturing sector accounts for the highest percentage of GDP at about 30% of the major industries.
Thailand is the most highly industrialized country in ASEAN (Thailand, Indonesia, Singapore, Philippines, and Malaysia), and in addition to the three major automakers Toyota, Honda, and Nissan, Mitsubishi and Isuzu also have factories there, as do Western automakers Ford, Mercedes Benz, GM and BMW, and recently China's MG and BYD. The same is true for Ford, Mercedes Benz, GM, BMW, and recently China's MG and BYD. Numerous parts manufacturers have also set up factories in Thailand.
The country also has a tourism industry that accounts for about 12% of GDP. This is due to the fact that many of the world's best-known chain hotels have opened hotels in Bangkok, Pattaya, Chiang Mai, Phuket, and other cities.
From the above, it can be read that there is a large demand for housing for expatriates engaged in the manufacturing and tourism industries. [It is said that 3 to 4 million foreigners are currently residing in Thailand.
(October 2022, based on basic data from the Ministry of Foreign Affairs and TABIZINE)
Thailand is the most highly industrialized country in ASEAN (Thailand, Indonesia, Singapore, Philippines, and Malaysia), and in addition to the three major automakers Toyota, Honda, and Nissan, Mitsubishi and Isuzu also have factories there, as do Western automakers Ford, Mercedes Benz, GM and BMW, and recently China's MG and BYD. The same is true for Ford, Mercedes Benz, GM, BMW, and recently China's MG and BYD. Numerous parts manufacturers have also set up factories in Thailand.
The country also has a tourism industry that accounts for about 12% of GDP. This is due to the fact that many of the world's best-known chain hotels have opened hotels in Bangkok, Pattaya, Chiang Mai, Phuket, and other cities.
From the above, it can be read that there is a large demand for housing for expatriates engaged in the manufacturing and tourism industries. [It is said that 3 to 4 million foreigners are currently residing in Thailand.
(October 2022, based on basic data from the Ministry of Foreign Affairs and TABIZINE)