Thailand is a very beautiful country. Thailand is known for its renowned hospitality, sacred temple, and breathtaking natural beauty. Property market in Thailand is booming. Recent examples of similar projects in Singapore where returns were up to 50% greater than for non-branded developments have inspired the Thai market. Growing numbers of tourism makes these developments very promising ventures, and the Thai government’s newly de-regulated property sector is also having a favorable effect on developments like these. Thailand recently emerged onto the global property market after over 15 years of military rule and very tight controls on property ownership by foreigners. The new Thai government wants to motivate investors to put their money into the country, and so has reduced the transfer fee on properties from 2% to 0.01% until the end of March 2009. On multimillion dollar construction projects like branded hotels, this makes quite an impact on the net profit.

In addition, the specific business tax has been reduced from 3% to 0,01% for the same period of time. However, it is not only due to tax cuts that branded hotels and resort properties are becoming hot items in Thailand’s property sector. Across all of Asia, five star hotel brands are working in conjunction with developers and owners to boost the availability of luxury accommodation. It is attributed to the confidence that branded resorts inspire in investors. Projects are generally meticulously and expertly planned, by people with experience in similar successful projects overseas. Hotels and resorts with a strong track record are finding that property investment in Thailand, and in Asia generally, can yield especially high returns. In Singapore recently, a brand name condo development sold for $4,000 per square meter, as opposed to the $2,500 that such a development without a brand name usually fetches.

In a property environment where many more projects are announced than completed, brand name resorts make investors feel more secure. It offers them some measure of assurance that a project will not only be built, it will be finished to a certain standard and will come with some ready-made customers, as global visitors look for resorts and hotels where they know what to expect. Thailand is a perfect travel destination, no matter what type of holiday you’re after and no matter what your budget. Tourism in Thailand is set to increase by 20% per year, owing to the prevalence of extremely cheap stop over flights, as compared to the relatively expensive direct flights. Thailand’s unique geographical position gives it an advantage for the tourism sector. Its extensive natural attractions, along with the relative inexpense of local facilities ensure that resorts, five star hotels and luxury accommodation will always find customers.