Introduction

As a Malaysian, you may be wondering why you would even consider buying a Thailand property, let alone how to buy one from Malaysia. There are a few reasons why, which we'll explain later on, and we'll even provide a simple guide on buying a Thailand property.

First, let’s look at the population. As of 2018, the population of Thailand was approximately 69 million, which is expected to grow to around 73 million by 2025. As the population continues to grow, and with Thailand's current strong economic growth, this translates to an influx of business activities and more job opportunities that will further lead to an increase in demand and supply for housing.

Population Growth > Economic Growth > Uplift in Business Activities > More Job Opportunities > Increase in demand and supply for property

Reasons to buy a Thailand Property

Thailand has so much to offer retirees, tourists, and property investors alike. With its stunning beaches, tropical climate, friendly people, and rich culture, it’s no wonder Thailand is one of the most popular destinations in Southeast Asia.

Here are just a few of the many reasons why it’s a great idea to buy a Thailand Property:

Thailand's real estate market is growing rapidly, making it an ideal time to invest in property. Based on reports done by DD Property and ThinkofLiving (Thailand's version of PropertyGuru and iProperty), there is a decent Y.O.Y increase in capital appreciation, reporting up to 58% for condos, and rental yield reporting 4-6% across selected Thailand's property market. The diversity in housing options further makes Thailand an exciting market, offering property buyers various property types and prices to choose from. Thailand's excellent infrastructure supports this positive growth, along with the advancement in technology (to some extent, even better than Malaysia), good roads, reliable public transport (BTS Skytrain and Bangkok MRT, similar to KL's LRT and MRT), and world-class healthcare.

The Thai government is supportive of foreign property ownership so that you can feel confident in your Thailand Property purchase. Unlike some countries with complicated paperwork and stringent processes before buying a property, Thailand is a convenient place to buy properties with a low barrier to entry and a straightforward buying process. Additionally, the Thai government even offers several incentives for foreigners who purchase property in the country, such as long-term visa options and tax breaks.

Thailand is a very safe country with a strong and stable economy.

As quoted by World Bank,
Thailand has achieved outstanding progress in social and economic development, developing from a low-income to an upper middle-income country within a generation.

This is due to numerous economic initiatives made by the Thai government, such as the Eastern Economic Corridor (EEC) and Thailand 4.0, aimed at transforming the country into an innovative, value-based industry that can compete against wealthier, more knowledge-based economies.

Thailand is a world-renowned tourist destination. Additionally, Thai people are renowned for their welcoming nature and hospitality, making it a great place to travel, study, work and even live. This means that there is always a high demand for vacation rental properties. According to Statista on the value of international tourism expenditure, Thailand raked in approximately $3,900,000,000 in 2021, which is 180% higher when compared to Malaysia, achieving about $200,000,000 in the same year. Hence, you can expect to see a healthy return on investment.

So if you're looking for a place to retire, enjoy a tropical lifestyle, or you're looking to invest in international property, Thailand is definitely worth considering, with its strong economic growth, supportive government, and growing real estate market.

Buying a Thailand Property as a Malaysian / Foreigner from Malaysia

The process of buying a Thailand property as a Malaysian is relatively simple. There are a few things that need to be taken into account, but overall the process is fairly straightforward.

The first consideration factor is the type of property you want to purchase. While Malaysians / foreigners are not allowed to own any land in Thailand due to local law, there are many different other types of properties available in Thailand, from condos to villas. It is important to reflect on what type of property best suits your needs and budget.

Once you have an idea on the type of property you want, the next step is finding a reputable real estate agent or property investment company (like us, DWG Malaysia) that specialises in assisting Malaysians / foreigners in purchasing international properties.

DWG Malaysia is a global property investment company with offices worldwide to assist local and international clients in global property investing. We will help you with all the necessary procedures and paperwork and even guide you (should you want us to) on the ins and outs of the Thai property market! For instance, Bangkok itself is a large city with many different areas to choose from. Do you want to buy a property within the city centre, working district, tourism hotspot, or where the local Thais live? Talk to us!

As for the buying process itself, it will look like this:

We'll deal with the complicated stuff, so it's just that simple to own a Thailand property!

If you're now interested or at least curious about buying a Thailand property, you should join us for the Bangkok Property Event in Johor Bahru. Visit us on 28 May 2023 @ 10:30 AM - 5:30 PM in TROVE Johor Bahru.

This event will offer you the chance to learn more about buying property in Thailand, the market, and the process. Be the first to explore our showcase of the latest Thailand properties available, get more information, and consult with property experts about purchasing Thailand properties. Limited slots are available, so click on the link below or call 012-993 3226 / 012-993 3228 to RSVP today!

CLICK HERE TO RSVP

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