International schools in Thailand has exceeded 200 making it the country with the third-highest number in Southeast Asia as of 2018, according to research by International School Consultancy (ISC). This is in response to the rising demand from Thai parents who seek culturally diverse environments for their kids.
Apart from local demand, there is also a growing number of international students from neighbouring countries who choose to study in Thailand due to lower tuition fees and cost of living.
As a result of the healthy growth in demand for bilingual education, we have seen more and more property developers integrate international schools as part of their mixed-use developments to offer the ‘Live-Work-Play’ lifestyle to all family members from different countries and generations in one place.
Developers see potential in new international schools openings
Developers see the potential in international schools as a critical element in their mixed-use compounds in generating demand for residential properties and increasing the value of nearby developments.
In the past, we have seen successful mixed-use developments such as Sansiri’s T77 Community in soi Sukhumvit 77 comprising multiple residential projects, a community mall, and Bangkok International Preparatory & Secondary School.
Subsequently, Sansiri launched Kawa Haus, a new low-rise residential development, after the opening of Bangkok Prep School at the end of 2017, which is currently under construction and is expected to be completed by the end of 2020.
The condominium project was launched at an average asking price of THB 150,000 per square metre making it relatively higher than nearby comparable projects outside of the T77 Community.
U City has also announced a joint venture with a Hong Kong-based private investor to develop VERSO International School near Thana City Golf and Country Club with a maximum capacity of 1,800 students.
The construction of the school started in 2017 on a 109.8-rai site with a project value of THB 3.1 billion and is expected to be completed by the end of 2021.
At the beginning of 2019, Country Group Development also revealed a business plan for a new mixed-use development combining residential towers and a first-tier international school on a 23-rai site at Rama III – Industrial Ring road.
The international school project will be developed on a 16-rai site with a maximum capacity of 1,750 students. The construction is expected to be completed by 2023.
Moving forward, the international school market in Bangkok will become increasingly competitive as property developers start investing in this sector.
We may see more international schools inside the compounds and part of future mixed-use developments, most likely inside those that have plenty of land area, as international schools not only create a sense of community but also increase the value of nearby developments from both local and international demand with high purchasing power.
An article written by Onchanok Nawapruek, an analyst at Research and Consulting, CBRE Thailand for Bangkok Post dated 10 July 2019.
How COVID-19 is boosting digital twins in office buildings
The digital twin market — the phrase used to describe a virtual copy of a physical building, combining a 3-D model of a facility with the dynamic data needed to show visualizations and analysis — is growing at hyperspeed.
The 65-story skyscraper at 311 South Wacker Drive in Chicago boasts magnificent views of the Chicago River, Grant Park and even Lake Michigan. However, for the owners, visibility of the building’s inner workings was more important, and more difficult to access.(more…)
Covid-19 puts flexible space markets under strain
Long-term future of flexible space remains bright says JLL, but the global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.(more…)
Thai Cabinet slashes 2020 property tax by 90%
The Cabinet today approved a 90 percent reduction in the Land and Building Tax this year to help the general public cope with economic disruption from COVID-19, and prevent potential issues with land and building taxation in the future.
Subscribe via Email
AMLO is investigating four Thai banks’ alleged role in suspicious transactions
Thailand’s Anti-Money Laundering Office (AMLO) is verifying a report, by the International Consortium of Investigative Journalists (ICIJ), stating that four...
Hotel manager in Thailand sends unhappy customer to prison
An American expat working in Thailand, is facing two years in prison after leaving a negative review on a Tripadvisor...
Thailand allows six new groups of foreigners to enter the Kingdom
The Center for COVID-19 Situation Administration (CCSA) has approved the motion to allow six groups of people to come to...
COVID-19 increased global demand and export for medical gloves in Thailand and Malaysia
COVID-19 pandemic has generated high demand for medical gloves. Malaysia is globally the biggest producer of medical glove with production...
How Trade Made the Richest 0.1% Even Richer
Among the alleged ills of globalisation, few have dominated the headlines in the past decade as much as worsening inequality.
Big data to keep Thai workers afloat
Since the coronavirus pandemic hit Thailand earlier this year, businesses have been falling like dominoes. Millions of people have lost...
Banking1 week ago
Four Thai banks Probed Over Anti-Money Laundering Investigations
Economics3 days ago
Protests could hinder Thailand’s economic recovery from Covid-19
Economics6 days ago
Thai exports fall 7.94% in August
Business5 days ago
Great Wall Motors (China) to Start Production in Thailand Next Year