Thailand Privilege Card Co targets naturalized Chinese businessmen in Cambodia to boost real estate market

Thailand Privilege Card Co (TPC), the operator of Thailand Elite Card, is targeting investors from CLMV (Cambodia, Laos, Myanmar and Vietnam), particularly Chinese businessmen who have been naturalised, to invest more in real estate.

Due to rigid travel restrictions in the mainland, many Chinese investors opted for naturalisation in Cambodia and Myanmar where they have businesses, to continue business trips without obstacles, said Ratchadawan Loetsilathong, vice-president of administrative and corporate affairs and acting president of TPC.

Those investors are the target of the 500,000-baht Elite Flexible One requiring applicants to purchase real estate worth 10 million baht at a minimum with proof of ownership. At present, 28 property developers are participating and 85 property projects are available in the scheme, which will run until the end of this year.

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