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Thai Government to Target Overseas Retirement Market

Category: Tourism, Posted:01 Apr 2021 | 11:57 am

Making business headline news in Thailand today is the government targeting direct foreign investment aimed at high-net-worth individuals for tourism and residency.

One of the specifics mentioned is improving foreign ownership of property in the retirement segment, which will attract retirees to live in Thailand.

The initiative is part of a proactive economic plan and approved in principle but now awaiting details to be submitted to the Centre for Economic Situation Administration.

This is one of the first economic stimulus measures during the pandemic which could positively impact the country’s real estate sector.

One of the best models in Asia over the past two decades to sell the property to foreigners has been the My Second Home Malaysia program.

Other News

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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