Simon Group Real Estate (Thailand) Co. Ltd is offering partnerships to qualified companies or persons desiring to enter the Thailand real estate market, whether as a developer, owner or lessor of real estate or for Company establishment purposes, because of restrictions on foreign ownership of land and other Kingdom requirements.
Because we are a Thai Registered Company, Juristic Entity and Person with existing, reputable Thai National partnerships, we are able to directly assist those desiring to enter the Thailand real estate and development markets, allowing for land ownership through our Company, as a partner, thereby saving on costly land lease payments and allowing significant growth within ASEAN’s 10 member states.
Fact: Bangkok’s full name in Thai is: Krung Thep Mahanakhon Amon Rattanakosin Mahinthara Ayuthaya Mahadilok Phop Noppharat Ratchathani Burirom Udomratchaniwet Mahasathan Amon Piman Awatan Sathit Sakkathattiya Witsanukam Prasit, which translates to: The city of angels, the great city, the residence of the Emerald Buddha, the impregnable city (unlike Ayutthaya) of God Indra, the grand capital of the world endowed with nine precious gems, the happy city, abounding in an enormous Royal Palace that resembles the heavenly abode where reigns the reincarnated god, a city given by Indra and built by Vishnukarn, which is shortened in Thai, to, Krung Thep. The name, Bangkok, derived from the French language, which translates to, Venice of the East, is the city’s official English name.
Bangkok offers investors and real estate developers: hotel, office plaza, mixed-use, high rise condominium and large scale mall development sites, because a significant part of Thailand’s economy is the services sector, contributing 44% to the gross domestic product. The services sector is divided into industries, including health, finance, tourism and hospitality, providing jobs for 37% of the formal labor force.
Within the last 3 years, Bangkok saw two, new mixed-use, mall and hospitality development sites come alive with the opening of: The IconSiam, a mixed-use, retail and residences high rise on the banks of the Chao Phraya (Jow Priya) river and The MahaNakhon, Silom, a mixed-use skyscraper, containing an hotel, retail space and residences.
Long labeled as Asia’s premiere live/work destination and a magnet for foreign Companies and skilled Thai Nationals seeking the best of life, is why Bangkok, strategically located at the center of ASEAN, attracts foreign capital seeking smart real estate development investments, which begins by providing responses on our partnership qualification form.
Eastern Economic Corridor (Chonburi, Rayong, Chachoengsao & Samut Prakan)
Thailand’s Eastern Economic Corridor, home to the largest incentives offered by the Thailand Board of Investment is served by 2 international ports, The Bangkok Port (Khlong Toei Port) and Laem Chabang Port. The Eastern Economic Corridor includes the provinces of: Chonburi, Chachoengsao, Samut Prakan and Rayong, where Harley-Davidson® implemented skilled ASEAN Business Advisory Services, to allow for significant brand expansion amongst the 10 member states, corporate tax rate savings and sizable breaks in tariffs.
Warehouse, industrial, manufacturing and assembly-related real estate business uses eligible for promotional corporate tax rates and a sizable break in tariffs are: agriculture and agricultural products, mining, ceramics and basic metals, light industry, metal products, machinery and transport equipment, electronic industry and electric appliances, services and public utilities, chemicals, paper and plastics and technology and innovation development.
As the Thailand Board of Investment recently added for promotion by the Division in Charge: Bio-based and medical industries, advanced manufacturing industries, basic and supporting industries and high value services, so has the need increased for warehouse, industrial, manufacturing and assembly-related real estate developments for use by foreign or domestic companies. Interested parties for warehouse, industrial, manufacturing and assembly-related real estate developments may inquire about our partnership program, by providing responses on our partnership qualification form.
Chiang Mai, Chiang Rai and Udon Thani
Chiang Mai and Chiang Rai, in Northern Thailand, and Udon Thani, in Northeast, Thailand, collectively bordered by the Countries of Laos and Myanmar are becoming hubs for companies desiring proximity to China and further to Europe as the One Road One Belt Initiative, completes, thereby connecting Asia, Africa and Europe through sea, road and rail transportation routes.
Viable real estate development investments include, hotel and resort real estate, as Chiang Mai welcomes approximately 10M tourists, annually, and technology related real estate, as Chiang Mai and Chiang Rai are both located in and recognized as the Digital Economy Cluster, allowing for an 8 year corporate tax exemption and 50% reduction on import duty on machinery in the business fields of: Software, cloud service, data center, software business parks, movie towns, and Thai motion picture production and supporting services.
Collectively, Chiang Mai, and Chiang Rai are mixed-use zones, due to their expansive business uses and viable tourist economy, while Udon Thani is best suited for industrial and factory related real estate developments and long-term lodging hotels for use by a smaller tourist population and traveling employees to and from Laos. Interested parties desiring to develop resorts, hotels, warehouses, data center or technology/software as a business use, real estate for investment purposes may begin discussions, by providing responses on our partnership qualification form.