Why Health Resort Investment Is Attractive
Thailand has earned its reputation as one of the premium tourist destinations in the world. Renowned for its stunning nature, diverse multicultural society, delicious local cuisine and some of the friendliest people on earth.
This has been a catalyst for a significant increase in demand for retirement, health and wellness residential developments.
Developers like us can pass on the low local labour and maintenance costs, enabling us to offer affordable 5-star resorts that meet the demands of discerning buyers in the senior’s retirement living sector, with exceptional build quality via European site managers.
Our developments satisfy the exacting requirements from both local retirees and international buyers and investors from Europe, North America and Australasia.
Statistical data shows that we are all living longer, and further changes in society have heightened the demand for purpose-built retirement, health and wellness communities.
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The scale of retirement facilities has increased massively in Thailand.
So much so that Kasikorn Bank have conducted a full study to understand the potential for both investors and retirees.
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Changes In Thailand
A significant change in Thailand is that only a generation ago siblings would leave home for the major cities in order to secure work, then return back to the villages to resettle and provide care for their parents. Over the last 20 years, due to a strong and growing economy, young Thai people have become wealthier and drawn to follow many of the lifestyles of the western world.
This has left a vacuum as to how the elderly are cared for in Thailand and the changes to their retirement plans they are required to make.
Statistical data projects show that by 2030 there will be an estimated 18 million elderly Thai citizens seeking retirement care in some form.
Currently, there are limited options with regard to retirement homes of the required standard in Thailand, and certainly a significant shortfall to meet the forthcoming demand.
This creates opportunities for retirement and health & wellness property developers, to conceive and construct products in the senior living industry, with a portfolio of hybrid developments that combine residential, health care and hospitality components.