Phuket Property Watch Your Eyes on Real Estate in Thailand
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As the Thai economy shows signs of recovery, with GDP growth projected at 1.2%, its impact on the property market is highly anticipated. Insight from gay Chinese couples fulfilling their wedding dreams in Thailand paints a positive picture for the tourism sector, which in turn could boost the property market, especially in popular destinations such as Phuket. Alcohol sales and consumption rules have also been updated, which could affect the hospitality real estate sector. On a different note, SCB’s decision to scale down operations could potentially affect the commercial property sector. The implication of Singapore’s Prime Minister’s comments on visionary “risk” leaders approving casino development sends a veiled message to Thailand, possibly hinting at potential new developments in the country’s property market. As these events unfold, it will be intriguing to see how they shape the real estate landscape in Thailand.
