Chiang Mai, the largest city of north Thailand, is not only suitable for traveling but also a weekend getaway or long-term stay for locals and expats. That also explains why more and more investors and foreigners are choosing Chiang Mai as their second home.
Thailand’s Economy Set to Bounce Back as Tourism Booms
Thailand’s economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased domestic consumption. According to government data, Thailand welcomed 11.15 million foreign visitors in 2022, beating the government’s target for the year and suggesting that the recovery of its tourism sector is set to continue into this year.
The Thai government’s plans to expand Chiang Mai Airport, building the Second Chiang Mai International Airport, Chiang Mai Light Rail Transit and the Bangkok-Chiang Mai High-Speed Rail will benefit the property market’s constant development. ‘Multiple major infrastructure projects are due to gradually complete in 2024 and 2028.
Popular Choice for a Second Home |
A resort-lifestyle for Families, Digital Nomads and the Locals
With a unique natural scenery combined with the convenience of a cosmopolitan lifestyle, Chiang Mai has become a popular destination for families, couples and digital nomads to migrate to or live in recent years.
Earlier, the Thai government implemented a policy which offers a 10-year residency VISA to foreigners with assets worth over USD 1 million or an annual income of over USD 80,000 along with additional privileges, in order to attract more people to make Chiang Mai their second home. What comes with a low living cost are full-range services, a cool climate, extensive infrastructure and multiple historical and cultural landscapes nearby, including Buddhist temples with various architectural styles.
✦ All kinds of exciting activities in Chiang Mai
Emerging Property Market Offers High Return | Paradise for Residents and Investors
Many international visitors are now starting to retire to the city – permanently or as a winter escape from cold weather in their home countries. Chiang Mai’s foreign expat population is already in excess of 40,000 and growing fast, particularly from mainland China, where families are attracted by the lower prices of housing and the lower cost of international schools for their children. Another major attraction to Chiang Mai is the fact that the cost of living here is a lot lower than any of the other more famous cities in Thailand – and this includes the price of real estate.
Project Highlights
⭐Thailand Listed Developer Sansiri
⭐180°C Fire Work View
⭐5-min Walk to Central Festival
⭐5-min Drive to Train Station
⭐20-min Drive to the International Airport
⭐Infinity Pool | Sky Garden
⭐Freehold & Limited Overseas Quota
⭐Big Infrastructure completion coming
⭐From HKD550,000 only | Rental Yield up to 7%p.a*
Location
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