Global Edge Investment announces the company is launching the 5 star Bayside Beachfront villas in Koh Samui, Thailand. The project is located frontline at the exclusive and serene Samrong Bay. Bayside Beachfront is a unique collection of 34 modern contemporary beach front villas, each with a private infinity-edge pool and lush landscaped gardens enjoying direct beach access.
Last year, 7.5 million Chinese traveled to Thailand more than any other nationality. Asian Review says: “Sales to foreigners in Thailand surged 140% last year, with Asian buyers accounting for 80% of the total.” Hong Kong, Singaporean & Mainland Chinese investors have flocked to Thailand taking advantage of the depressed Thai Bhat, enjoying exotic holidays and investing in real estate which offer attractive returns.
Mr Derek Muhs, Founder of Global Edge Investment (GEI) said: “People love Thailand, the beaches, the diving, the food and of course the kindness of the people – it sells itself. The real estate market is set for tremendous growth over the next decade. We are achieving 8-10% returns just from rental income on holiday homes and in many tourist areas the capital increase has been over 15% per year.”
Accounting to the Nation report: “Even with the global financial crisis at hand, the property market in Thailand is still on the up. Property prices in Bangkok have increased by some 30% over the past 4 years. Buying property or any real estate in Thailand is always a good investment. This year the average housing price in Greater Bangkokis 3.542 million baht, up from 2.718 million in 2008. New houses built this year total 44,846, worth a combined158.81 billion baht, down 36% and 23% from the year before, respectively.”
With Chinese tourists flocking to Thailand, the real estate market is set for huge gains over the next decade. Chinese property buyers are taking advantage of their strong currency and close proximity to Thailand to invest in vacation homes and investment properties.
“Several five-star hotel chains have invested heavily in Thailand in recent years in anticipation of this demand and tourism growth. In Koh Samui, for example, the W Hotel, Six Senses and Four Seasons have done extremely well and Ritz Carlton is starting construction around the corner from one of our beach front projects to help cater to the rising demand. This is fantastic for the entire island and continues to raise the high standard of service for the entire industry,” commented Mr Muhs.
With the Chinese increasingly visiting Thailand over the next decade, the Thai economy and investment opportunities are set to be very profitable for both investors and the tourism industry.