villas krabi thailand

 

It would not have been unexpected to see a recent upsurge in foreign investor confidence in Thailand on the back of the recent elections and a full return to democratic government but it turns out that levels of confidence had been growing quite dramatically prior to this. Reports in the press abound to support the high levels of investor confidence in Thailand and the Thai economy in particular.
The department (Business Development Department) said registration of foreign investors had remained steady since 1999, averaging 20-30 companies a month. The Board of Investment has also reported that foreign investment jumped by more than 50 per cent to Bt505.6 billion last year(2007). (March 8th The Nation, Bangkok)
Mitsubishi Motors (Thailand) Co (MMTh) will invest about five billion baht this year to upgrade its Laem Chabang assembly plant in Chonburi. It is currently the most productive of Mitsubishi Motors’ four plants outside of Japan, and exported its millionth pickup truck in October 2007. (March 13th Bangkok Post)
The Swiss trading giant DKSH Holding will continue to focus on the Thai operation as the biggest base outside Switzerland by bringing suppliers with high potential to establish their production bases in Asia. Joerg Wolle, the company’s president and CEO, said it was focused on Asia, and Thailand was its most significant market as sales from the Thai operation represented one-third of its global sales. (March 13th Bangkok Post)
The local unit of the French oil and gas company Total expects to invest approximately US$1 billion in the North Bongkot gas field in the Gulf of Thailand from 2012 to 2023, according to president and general manager Michael Sangster. (March 13th Bangkok Post)
Now this investment is from hard-nosed business men/women looking for somewhere to invest their companies millions. It stands to reason that they are looking at criteria such as security of investment, potential growth, economic and political stability with a lot more resources than you or I could muster. It also stands to reason that they must have received very favourable reports back on these criteria to have boosted their investment in the Kingdom by over 50%! Now I don’t know about you but that would go a long way to help put my mind at rest as to whether Thailand was a good investment or not.

So if it makes sense to invest in Thailand, where should you be putting that investment? The Nation went on to report about the bubbling optimism in the Thai real estate market. This week sees the opening of the Home & Condo Show in Bangkok’s Queen Siriskit centre, at which sales of over Bt5 billion are expected.
Manop Keawcha-aum, director of the Housing Business Association and the Thai Condominium Association, said about 600 residential projects worth up to Bt100 billion would be showcased at the event.
“We expect 66 per cent higher sales compared with the Home & Condo Show 2007, which recorded sales of Bt3 billion. We feel encouraged by the government’s policy of reducing the transfer fee from 2 per cent to 0.01 per cent and the reduction of special business tax from 3.3 per cent to 0.01 per cent. We expect this will encourage buyers to take a decision and invest in residential projects at the earliest opportunity,” Manop said. (March 12th The Nation, Bangkok)
As a further sign of strong investor confidence Sabai Sabai Group recently released news of a guaranteed rental package that is to be available on the launch of their new Pattaya Condo resort project. Clearly aimed at encouraging first-time or entry-level property investors into the market with a 10% investment return guarantee, Sabai Sabai Pattaya will be a small forty room boutique condo development with full resort facilities. Swimming pool, gymnasium, restaurant, bar, air-conditioned transport to beach and town centre (10 minute drive), concierge service, individual styling and all from under 1.5 million per unit in addition to the guaranteed 10% return and other further incentives for multiple unit buyers.

For more details on condo or apartments in Pattaya Thailand: info@1st-choice-homes.com Mitch Malone is Managing Director and founder of the First Choice Group of companies with offices in Pattaya and Hua Hin in Thailand. An ex-pat for over 20 years feel free to refer to his company’s website for a wealth of information on Living In Thailand. To seek further detailed advice from Mitch or his team please contact by email mm@1st-choice-homes.com or call on: (+66) 086-809-4930. Feel free to reproduce this article subject to agreeing to reproduce it in its entirety and leaving the author’s information paragraph above intact. Article Source: http://EzineArticles.com/?expert=Mitch_Malone