An article published in the Nikkei newspaper on March 23rd, titled “Global Wealthy Flock to Bangkok: Following Dubai as a ‘City of Billionaires’,” reports on the rapid emergence of Bangkok’s real estate market as an attractive investment destination for the world’s wealthy.
The article highlights how the warm climate, rich food culture, well-developed education system, and a surge in luxury condominium development are attracting affluent individuals from China and Europe.
However, this article presents only one side of the story.
The real estate market in Thailand, an emerging economy, carries numerous significant risks that cannot be ignored.
As a permanent resident of Singapore and a private banker involved in investments in Thailand, I feel compelled to share the “facts that should be known” from an expert’s perspective and warn against reckless investment solicitations.
