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Thailand Retail Market Poised for 2025 Growth

Written by Somsak Chutisilp, Country Head of ThailandCONSUMER CONFIDENCE AND ECONOMIC DRIVERSThe Consumer Confidence Index (CCI) fluctuated throughout 2024 but showed a strong rebound in Q4, signaling renewed optimism among consumers.This rebound is supported by government economic initiatives and the continued recovery of the tourism sector, both of which are expected to positively impact the retail market in 2025.Retail Expansion and New SupplyInvestment in both existing and new retail centers continues to generate consumer interest and engagement. In 2024, several major retail center renovations were completed, and new openings added over 185,000 square meters of net new retail supply.With tourism and retail closely linked, the rise in international tourist arrivals has especially benefited established enclosed malls in downtown Bangkok.Looking ahead, the enclosed mall format is expected to contribute another 200,000 square meters of supply, which will test current occupancy rates amid growing competition.Innovation and Consumer Trendsin a highly competitive retail landscape, both developers and brands are focused on delivering innovative products and exceptional customer experiences.According to Oxford Economics, Bangkok consumers allocate up to 40% of disposable income to discretionary spending, with the largest share going toward food and beverage (F&B).The F&B segment remains the dominant category for new international brand entries, with Japanese brands leading the way. Meanwhile, European brands continue to maintain a strong presence in the fashion and accessories segment.With consumer demand expected to stay strong in core retail locations, many overseas brands are eyeing Thailand as a key growth market in 2025.Click here now for more info!Download

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Chinese investors eye Thai properties to diversify risk

Chinese from the middle class upward are sending some of their money – and even themselves – to Thailand, particularly as China has been reopening following three difficult years under zero-Covid. Many are hoping to hedge against economic pressures at home, while building their future in an inexpensive Southeast Asian country with growth prospects.The Southeast Asian country saw a surge in popularity among Chinese investors as zero-Covid began relaxing in late 2022 and they were again able to easily travel abroad to invest.Real estate technology firm Juwai IQI says Thailand in December rose to become the No 3 global destination for Chinese property buyers, coinciding with Beijing’s relaxation of zero-Covid controls.The firm logged a 107 per cent jump in Thailand-related enquiries from Chinese buyers between the third and fourth quarters last year.After zero-Covid, Chinese investors wanted to ensure right away that they had a place to live outside China, explained Juwai IQI CEO Kashif Ansari.Read more here: South China Morning PostThis article was also quoted in: info.51.ca (CN), Yahoo! News (CN)Do you need expert assistance on real estate investment? Fill out the form below to learn how to get the most out of your investment![hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

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Chinese buyers prefer Thailand over Singapore

Singapore is a popular investment destination for wealthy Chinese from the mainland and Hong Kong, but the city-state is too expensive for most cross-border buyers, according to Juwai IQI Group CEO and Co-founder Kashif Ansari.Singapore is the third-most-expensive city in Asia at US$14,373 per square meter (after Hong Kong and Tokyo), according to data from Juwai IQI’s partner Global Property Guide.That is why Thailand, Malaysia, and Vietnam lead the list of top Southeast Asian destinations for Chinese buyers of overseas residential property.Key factors include Thailand’s appealing lifestyle, affordable luxury property prices, beach second home destinations such as Pattaya and Koh Samui, and proximity to China. Thailand is also the top tourist destination for Chinese travelers.Read more: ReTalk AsiaWant expert advice in real estate investment? Drop your details below and learn how to get the most out of your investment![hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

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Will Thailand's New Visa Scheme Improve Its Economy?

Thailand has begun accepting applications for a visa scheme this month targeted at courting wealthy foreigners, but analysts are mixed on whether it could prove to be a “big win” in the country’s efforts to stimulate the economy.The Long-term Resident (LTR) visa scheme aims to attract 1 million wealthy or talented foreign nationals to Thailand over the next five years to contribute 1 trillion baht (US$27 billion) to the economy.“This visa will be a big win for Thailand,” said Kashif Ansari, co-founder and CEO of real estate technology firm Juwai IQI Group. “No one will apply for a residence visa anywhere in Asia without first looking at Thailand’s options … We have no doubt Thailand is right for enough applicants to achieve its investment and economic goals.”Eligible applicants for the wealthy global citizens group need to hold US$1 million in assets, an annual income of at least US$80,000 per year and a minimum US$500,000 investment in Thailand.Despite regional neighbours competing to lure high-net-worth individuals as part of their post-Covid economic recovery, Thailand’s visa scheme was “in a class of its own” as it was substantially different from those offered by other countries, Juwai group’s Kashif said.Read more: South China Morning PostWith a wealth of property professionals and offices around the globe, IQI can help you for your next investment in Thailand. Leave your details below and we can help you start your investment journey![hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

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