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Second Home in Thailand: Phuket fundamentals are strong and can take advantage of Malaysia uncertainty


webfact

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Second Home in Thailand: Phuket fundamentals are strong and can take advantage of Malaysia uncertainty

 

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Media Thai PBS painted a rosy picture of the real estate market for retirees and second home buyers in Phuket.

 

They said that despite widespread problems in real estate in the southern Thai island and province the market for second homes was not much affected. 

 

They spoke to a British man called Nigel Grocock who moved his family to Phuket three years ago and is very happy with his decision. 

 

The virus is under control in Thailand, there are beaches, good healthcare, excellent public services and the Thai people are wonderful, he cited. 

 

A Canadian family were also building nearby.

 

Real estate agent Hachi Yin said that in two projects offering 2,000 condominium units there had been 80% already purchased. 

 

This agent predicted a sharp bounce back for the economy post-Covid19.

 

Thailand's TAT and the private sector has also been working on two joint projects called Phuket Thailand Second Home and Phuket Thailand Long Stay to inspire foreigners to choose Thailand. 

 

Phuket's great infrastructure was seen as important in driving these promotions. 

 

Also this year Malaysia has called for a slowdown in its "Malaysia My Second Home" project that has attracted 40,000 buyers over the last 18 years.

 

The head start that Malaysia enjoyed, and now their drawing back of the initiative could be to Phuket and Thailand's advantage in this market sector, said the media. 

 

Source: Thai PBS

 

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-- © Copyright Thai Visa News 2020-10-01
 
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24 minutes ago, webfact said:

Malaysia has called for a slowdown in its "Malaysia My Second Home" project that has attracted 40,000 buyers over the last 18 years

Malaysia's MM2H programme is NOT just about buying property. It's a long-stay visa, not cheap but a fraction of the cost (or rip-off) of the Thai Elite.

26 minutes ago, webfact said:

Phuket's great infrastructure was seen as important in driving these promotions.

Good joke. By the way, Malaysia has railways and buses. Everyone speaks English, which a lot of people appreciate, and - Moslem or not - you can get a drink in KL at any time of any day (even in Ramadan) unlike Phuket which I believe has banned alcohol tomorrow for the day.

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"Media Thai PBS painted a rosy picture of the real estate market for retirees and second home buyers in Phuket."

 

If only they could let the retirees return to enjoy their purchase. 😏

 

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Sorry but you would need to be mad or very thick rose coloured glasses.  I would never advise any friend to pack up, sell up and retire to Thailand. First as you age security and stress free living starts becoming more important than sun, sea and party. Stress not knowing month to month what crazy rules will be imposed with immediate effect (this was the number one reason we left leaving our house we built behind). Imagine every year not knowing if they will allow you to stay another year, worrying if your documents were copied as per that months rules and photos sitting on your bed with the family and out side your house. Number 2 reason was having a fleet of police vehicles full of police at 8am to check my visa status. This is the reality of life in Thailand. Bottom line is you will never ever be secure. Advice given to me by a very clever man "lawyer": "Never invest any more in Thailand that you can not walk away from tomorrow" end quote.

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Maybe we Thaivisa posters should reward a "Thai Joke of the Day", every day, for the most ridiculous article or official announcement. I know, some days this might be a tough competition between all these daily ridiculousnesses in this strange country. But my todays choice is this article of Thai PBS.

 

A country where foreigners are treated like sh!t, scammed and have zero rights, promotes its real estate market in the hope that exactly these foreigners buy condos, while the country stays isolated and blocked for entry for an unforeseeable time, with visa rules even more unforeseeable and xenophobic when ever they will open the borders again. 

 

How stupid to they think we are?

 

Only in Thailand, only in Thailand! Sigh!

 

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As a Thailand property owning retiree stuck abroad for the last 7 months, my personal advice is don't believe a word they are saying!

 

Or alternatively, you can buy my condos at a good price so I can free myself of the eternal lies and falsehoods Thailand creates.

 

 

 

 

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