Thailand Elite s Real Estate Partnership Set to Attract Foreign Investors Keen on Relocating and Owning Property in Thailand
05/27/2021 | 01:01am EDT
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Thailand’s sought-after Thailand Elite Residence Program which saw a sharp spike in applications throughout the Covid-19 pandemic in 2020, is set to be even more attractive to foreign investors following a new partnership with more than 10 leading real estate developers in Thailand as part of its Elite Flexible One (EFO) offering.
According to Mr. Somchai Soongswang, President of Thailand Privilege Card Co., Ltd., the operator of Thailand Elite Card, “This pivotal partnership is expected to boost the property sector in Thailand through creating a multi-faceted return for international investors. The EFO option under the privileged entry visa program is of particular interest for applicants who are keen on investing in property either for residence or as an investment. The investors not
Thailand's sought-after Thailand Elite Residence Program which saw a sharp spike in applications throughout the Covid-19 pandemic in 2020, is set to be even more attractive to foreign investors following
Uncertainty to fuel Elite membership
Political situation causing concern
Thailand Elite Card is expecting to gain a large number of new members, mainly Chinese business people residing in Myanmar who might not be confident about the political situation there.
Somchai Soongswang, president of Thailand Privilege Card (TPC), the operator of Thailand Elite Card, said Chinese customers account for 25% of the total portfolio of 13,000 members.
The military coup in the neighbouring country has fuelled unease among foreign investors as they seek a more secure place within close proximity of their businesses. Prior to the coup in Myanmar, the bulk of Chinese members had already relocated to Thailand and decided to buy a condo to stay in the country for the long term, particularly in Chiang Mai which is closer to the mainland, said Mr Somchai.
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