Real estate sector to success in 2008

Foreign investors are expected to invest up to Bt70 billion in the Thailand real estate sector this year, following the lifting of the Bank of Thailand's 30 per cent capital reserve requirement.

Retail, office, serviced apartments, hotel and resort properties in Thailand is currently seeking real estate investment trusts and property companies from the United Kingdom, the United States of America, the Middle East, Japan and Australia.

According to surveys of international property agency Colliers International, investor confidence in Asian property investments grew from strong interest centred on Thailand. Following the removal of the capital reserve requirement Thailand property assets become more attractive, with the possibility of creating an annual income of 20 per cent or even more.