Thailand’s high-speed train could fuel property boom in Northeast
As investors and large-scale developers continue to focus on Bangkok and Thailand’s main tourist destinations such as Phuket and Koh Samui, the might be overlooking opportunities elsewhere in the country, according to a real estate broker.
In particular, the northeastern locations of Nong Khai, Udon Thani and Khon Kaen are brimming with potential, Ernie Draper, Managing Director at Isan Real Estate in Udon Thani, said.
“All three of these provinces are set to benefit from China’s Belt and Road Initiative. Northeast Thailand will receive a boost from the high-speed train network that will connect several Southeast Asian countries with China, opening the door to lucrative trade opportunities that are currently difficult to establish and maintain,” he told real estate platform Thailand-Property.
The high-speed train, to be completed as soon as 2023, will create a direct connection between Nong Khai and Kunming in China. This advancement would significantly slash travel times between the two cities. From Kunming, it is also possible to reach China’s other major centers in a timely fashion.
Nong Khai is interesting because of its location next to the Mekong River. The area could soon become a central hub for all of Asia with direct access to China, Malaysia, and Singapore as well as Bangkok, Draper noted.
He added that Isan Real Estate has been carefully monitoring the high-speed train project since it was first presented by the Chinese government to Thailand. The company believes a number of opportunities are now available in the Northeastern provinces of Thailand.
Draper points to a 56-acre plot of land with Mekong River frontage in Nong Khai that would be a ten-minute drive from the proposed Nong Khai train station as an example of what can be accomplished.
He believes the site could be home to an international business center with office space for multinational corporations, a five-star hotel, a shopping mall and many other lifestyle facilities. While these types of developments are normal in Bangkok, for a province such as Nong Khai, this would be a game changer.
Isan Real Estate, in conjunction with its international broker and attorney-at-law, already presented the project to major European CEOs and, according to the firm, the response has been overwhelmingly positive. Their feedback highlighted the fact operations could be streamlined with a central base in Nong Khai that provided direct connections to China and other countries in the region.
Draper said that internationally recognised architects are currently drawing up plans and blueprints for this development. Allowing for construction time and government approvals, office bookings could commence alongside the official launch of the high-speed train network.
As investors and large-scale developers continue to focus on Bangkok and Thailand’s main tourist destinations such as Phuket and Koh Samui, the might be overlooking opportunities elsewhere in the country, according to a real estate broker. In particular, the northeastern locations of Nong Khai, Udon Thani and Khon Kaen are brimming with potential, Ernie Draper, Managing Director at Isan Real Estate in Udon Thani, said. “All three of these provinces are set to benefit from China’s Belt and Road Initiative. Northeast Thailand will receive a boost from the high-speed train network that will connect several Southeast Asian countries with China,...
As investors and large-scale developers continue to focus on Bangkok and Thailand’s main tourist destinations such as Phuket and Koh Samui, the might be overlooking opportunities elsewhere in the country, according to a real estate broker.
In particular, the northeastern locations of Nong Khai, Udon Thani and Khon Kaen are brimming with potential, Ernie Draper, Managing Director at Isan Real Estate in Udon Thani, said.
“All three of these provinces are set to benefit from China’s Belt and Road Initiative. Northeast Thailand will receive a boost from the high-speed train network that will connect several Southeast Asian countries with China, opening the door to lucrative trade opportunities that are currently difficult to establish and maintain,” he told real estate platform Thailand-Property.
The high-speed train, to be completed as soon as 2023, will create a direct connection between Nong Khai and Kunming in China. This advancement would significantly slash travel times between the two cities. From Kunming, it is also possible to reach China’s other major centers in a timely fashion.
Nong Khai is interesting because of its location next to the Mekong River. The area could soon become a central hub for all of Asia with direct access to China, Malaysia, and Singapore as well as Bangkok, Draper noted.
He added that Isan Real Estate has been carefully monitoring the high-speed train project since it was first presented by the Chinese government to Thailand. The company believes a number of opportunities are now available in the Northeastern provinces of Thailand.
Draper points to a 56-acre plot of land with Mekong River frontage in Nong Khai that would be a ten-minute drive from the proposed Nong Khai train station as an example of what can be accomplished.
He believes the site could be home to an international business center with office space for multinational corporations, a five-star hotel, a shopping mall and many other lifestyle facilities. While these types of developments are normal in Bangkok, for a province such as Nong Khai, this would be a game changer.
Isan Real Estate, in conjunction with its international broker and attorney-at-law, already presented the project to major European CEOs and, according to the firm, the response has been overwhelmingly positive. Their feedback highlighted the fact operations could be streamlined with a central base in Nong Khai that provided direct connections to China and other countries in the region.
Draper said that internationally recognised architects are currently drawing up plans and blueprints for this development. Allowing for construction time and government approvals, office bookings could commence alongside the official launch of the high-speed train network.
