Global Edge Investment announced recently the company will launch the five star Bayside Beachfront villas in Koh Samui, located at Samrong Bay, in part because the Thai real estate market is set for tremendous growth over the next decade. The firm is achieving 8-10% returns from rental income on holiday homes and in many tourist areas the capital increase has been over 15% per year.
Last year, 7.5 million Chinese traveled to Thailand more than any other nationality. Asian Review says: “Sales to foreigners in Thailand surged 140% last year, with Asian buyers accounting for 80% of the total”. Furthermore Hong Kong, Singaporean & Mainland Chinese investors have flocked to Thailand to take advantage of the relatively low Thai Baht.
Mr Derek Muhs, Founder of Global Edge Investment (GEI) said: “People love Thailand, the beaches, the diving, the food and of course the kindness of the people – it sells itself. The real estate market is set for tremendous growth over the next decade. We are achieving 8-10% returns just from rental income on holiday homes and in many tourist areas the capital increase has been over 15% per year”.
Accounting to the Nation: “Even with the global financial crisis at hand, the property market in Thailand is still on the up. Property prices in Bangkok have increased by some 30% over the past 4 years. Buying property or any real estate in Thailand is always a good investment. This year the average housing price in Greater Bangkok is 3.542 million baht, up from 2.718 million in 2008. New houses built this year total 44,846, worth a combined 158.81 billion baht, down 36% and 23% from the year before, respectively”.
With the Chinese increasingly visiting Thailand over the next decade, the Thai economy and investment opportunities are set to be very profitable for both investors and the tourism industry.
SOURCE: Yahoo News.