After expressing our initial skepticism that Phuket property prices would collapse under the weight of the COVID-19 pandemic, not everyone was convinced. After all, real estate companies around the world are somewhat notorious for “talking up” the property market regardless of the facts before our eyes.
The Thailand 4.0 initiative is a strategy that spans across 20 years encompassing key industries such as aviation, electronics, biochemical, and digital. Dovetailing this initiative is the Thailand Eastern Economic Zone, which spans across 13,200km² at three provinces in the eastern part of Thailand and will provide an ASEAN base where you'll have connectivity by land, sea, and air.
At the centre of the Asian region is ASEAN – the Association of Southeast Asian Nations, formed in 1967. The association is made up of ten nations: Singapore, Malaysia, Vietnam, Thailand, Philippines, Indonesia, Brunei, Lao, Myanmar and Cambodia.
During ASEAN’s original inception, economic growth, social progress, cultural development and regional peace were cemented as the core principles by the founding nations and still stand strong today.
They have successfully weathered both the Asian financial crisis of 1997 and the global economic crisis of 2008-09, to make it one of the world’s top 5 economies.
ASEAN’s countries equate to a total of 642 million people, accounting for over 8% of the world’s population with a GDP of US$2.76tn growing at a rate of 4.7% – this is significantly higher than any other global region and translates to a per capita metric of US$4,308