CISSA Group has revealed that following the government's announcement to reopen the country and temporarily relax LTV measures, there has been a positive impact on the Thai economy, helping it recover faster than expected. The real estate market is returning to normal conditions four years ahead of the forecast by the REIC. The Phuket real estate market is showing positive signals, with increased demand for investment properties (IP). Recently, the Wyndham Grand Nai Harn Beach Phuket has launched the 'Double Happiness' campaign to welcome the New Year, offering bonuses and various special privileges starting today until January 15, 2022. *Terms and conditions apply as set by the company.

Ms. Thara Rungsangsuwan, Assistant Managing Director of Commercial Division at CISSA Group, stated that after the government announced the reopening and temporarily relaxed the Loan to Value (LTV) regulations, it is believed that this will positively stimulate the Thai economy, which has been affected by the COVID-19 pandemic for nearly two years. This is one of the government policies that supports the overall real estate market. The adjustment of the housing loan ceiling from 70-90% to 100% across all price levels will certainly improve the country's GDP. Although the fourth quarter of 2021 may not be very active as people may still be cautious about the economic situation, it is believed that in 2022, there will be an increase in transfers.

According to forecasts from the Real Estate Information Center (REIC) and the Government Housing Bank, the real estate sector is expected to return to normal by 2023, earlier than the previously anticipated 2025-2027, indicating a recovery four years sooner than expected.

For the Phuket real estate market, following the launch of the “Phuket Sandbox” project, many businesses have started to reopen, including hotels, restaurants, and other tourism-related businesses. The Tourism Authority of Thailand (TAT) has predicted that in December 2021, there will be no less than 100,000 foreign tourists arriving in Phuket, with positive signs emerging from European, Russian, Australian, and Scandinavian markets returning to Phuket, as well as new markets like Israel and Taiwan. The investment property market is also becoming lively, as investors see the continuous upward trend in Phuket's recovery, prompting those who had delayed investments over the past two years to return to investing in IP, especially considering the returns on investment and the management teams involved. Location remains a top factor in choosing projects for investment. According to REIC forecasts, the real estate market is expected to grow by approximately 45.5% in the first half of 2022.

To support the recovery of the Phuket real estate market and stimulate demand for more investments, the company has launched the “Wyndham Grand Nai Harn Beach Phuket” project with the “Double Happiness” campaign to welcome the New Year, offering special bonuses from CISSA GROUP to investors. By investing to own a fractional ownership of 2 million baht in the “Wyndham Grand Nai Harn Beach Phuket” project, investors will receive immediate special bonuses* along with fixed returns for five full years, as well as many other special privileges, including:
- 7% yield* for five consecutive years*
- 110% buy-back*
- Early exit options for investments
- 30% discount on accommodation* and 15% discount member card for other services*
- Co-ownership of a premium 5-star hotel
- Located in a prime area of Phuket, aligned with the Phuket Sandbox policy
- Just 800 meters from Nai Harn Beach
- Managed by the world-renowned Wyndham Hotel Group
- Built and decorated to 5-star premium hotel standards
- 10 freeform swimming pools around the project
- Free monthly electricity and water bills
- Free maintenance and repair services.

The campaign runs from today until January 15, 2022. *Terms and conditions apply as set by the company.
For more information, please contact: 062-245-8656, 062-245-9288.