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Thailand Property Market – Youngsters Will Drive Provincial Market Rise

By on Oct 28, 2013 in Property News

Thailand PropertyThe provincial property market has great potential to grow due to the urban lifestyle preferences of the new generation, says Samma Kitsin, director-general of the Real Estate Information Center (REIC).

Younger people prefer an urban lifestyle and want to relocate to Muang districts. “Growth upcountry can be seen from the entry of large shopping malls,” said Mr. Samma. “In many provinces, land prices have more than doubled.” The REIC says 10 factors indicate potential residential development upcountry.

Mr. Samma said these provinces should be at the centre of a group,not a satellite area,while they should also have a transport network linking with nearby provinces or be in an area where high-speed trains will be operational.

They should have a commercial airport with many daily flights that can transport passengers to other provinces or abroad, he said.  They need leading educational institutions or popular medical centres and should have nice weather.

Provinces should have a large government centre or be near the border.

They should also have good shopping malls, modern trade outlets and construction materials centres. Their economic fundamentals should be good,with a strong chamber of commerce.

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Source | Bangkok Post 23 October 2013

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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