Tuesday, 9 April 2013

Infrastructure developments fuelling Thai property boom

Chiang Mai Property Boom
Investment in infrastructure is causing a boom in demand for Thai property, according to Knight Knox International. The country is now seen as an attractive place for investment, particularly in Pattaya and Bangkok, following the announcement of an ambitious US$72 billion (£47.5 approximately) programme to be rolled out over the coming four years.

At the heart of the infrastructure improvements will be a new rail network connecting Thailand's major northern provinces, including Chiang Mai and Bangkok. This will make travel around the country much easier for locals, businesses and travellers. The Association of Southeast Asian Nations' move to eliminate tariffs and open new Free Trade Areas is also making the country more attractive for investors on both small and large scales.
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