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Thailand - March 2008
Thai tourism driving property prices
Thailand Property Report
The popularity of Thailand as the most visited tourist
destination in Southeast Asia has led to a knock on effect
in the property market with new build properties achieving
up to 15 per cent growth per annum, and industry expert
claimed recently.
“Thailand is still at a relatively early stage in its
growth cycle, but with the Thai government committed to
improving tourist numbers by 10 per cent per annum
combined with the upgrading of supporting infrastructures,
market analysts predict a rewarding future for property
investors,” said Dave Ames, Marketing Manager of Harlequin
Property. “The cost of living here is much lower than in
most European destinations, while the facilities available
to visitors are modern and of an international standard.
Furthermore, the completion of the Suvarnabhumi-Bangkok
International Airport (SBIA) airport is expected to spur
growth in commercial property markets in Eastern Bangkok
as well as making Thailand even more accessible.”
Harlequin Property has just launched the Nirvana Beach
Resort, a five-star project on the northwestern tip of Koh
Chang. The development is set on an impressive 64 acres of
landscaped gardens surrounded by tropical rain forest. It
also has easy access to 1.5km of white sand Koh Chang
beach.
The resort is made up of a selection of one, two, three
and four-bedroom detached Thai-style villas each of which
comes fully furnished and with jacuzzi, air con and
balcony. The development will also offer full hotel
services, swimming pools, bars, restaurants and shops.
Prices start from £275,000 (US$543,037) and each property
comes with a two year guaranteed rental of 10 per cent.
Harlequin Property are also offering 100 per cent finance,
which means investors pay a £1000 (US$1,974) reservation
fee with nothing else to pay until completion. Harlequin
Property is currently marketing in Barbados, St Vincent
and the Grenadines, Dominican Republic, Antigua, Dubai and
Thailand.
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