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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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It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
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Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]