Thai Government to Target Overseas Retirement Market

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.