Active Retirement Community, Thailand
Scope of Work: Market Research
Project Overview: A 105-acre land plot on the eastern Gulf of Thailand coast available for a full-service retirement community development. Horwath HTL Health and Wellness was appointed to survey Thailand’s real estate market, as it related to opportunities surrounding the development of active retirement and senior care communities. The purpose of the assignment was to determine if there is demand for this type of residential real estate development and whether it is financially viable.
Horwath HTL Solution: Thailand is an attractive market to develop this type of residential real estate. The demand for active retirement housing is growing, and Thailand offers an agreeable climate, value for money, and an attractive retirement visa program. An opportunity exists to develop multiple retirement communities in eastern, southern, and northern Thailand.
Project Status: The project is currently under construction and the first phase is scheduled to open in 2017.