Sizzah Group predicts that the real estate market in the second half of 2022 will recover better than the first half, as evidenced by an increase in tourism with groups from India, the Middle East, and Europe compensating for the absence of the Chinese market. Hotel bookings for the end of the year have risen by 50-60% compared to the COVID-19 pandemic period. The residential market is also showing positive signals, benefiting from wealthy Russians fleeing the war and continuing to invest in Thai real estate. Phuket is currently the top destination, with sales soaring over 60 million baht in just one month following the strong promotion “Sizzah Goes Big, Immediate Yield”. Interested investors can start with just 1 million baht, receiving a special 12-month yield in advance, with an average maximum yield of 9%*. A buyback guarantee of 110% is offered at the end of the fifth year, along with exclusive benefits including 3 free nights per year* at the “Wyndham Grand Nai Harn Beach Phuket” and many other perks from today until August 31, 2022.

Mr. Attanop Panthukhamnead, CEO of Sizzah Group Co., Ltd., a developer of investment properties, revealed the overall real estate market in the first half of 2022 showed signs of recovery as the government fully reopened the country. However, it has not yet fully recovered. The real estate market in Phuket is seeing an increase in foreign buyers, particularly from Europe and Russia, who are investing more in Thailand due to the impact of the Russia-Ukraine war.

For the second half of 2022, the real estate market is expected to perform better than the first half, especially in tourism, as more Indians and Middle Easterners are traveling to Thailand due to shorter travel times and lower costs. This new market can partially replace the lost groups, such as the Chinese. Additionally, there will be an increase in European visitors, as indicated by the high hotel booking numbers for late 2022, which may return to about 50-60% of pre-pandemic levels.

In comparison to the COVID-19 crisis, the residential market still shows positive signs as foreigners continue to seek housing. The Russia-Ukraine war has led wealthy individuals to invest in Thai real estate, with interest spread across all segments, with price levels ranging from 5 to 50 million baht and above. Phuket remains the number one province for foreign investment and home purchases,” Mr. Attanop stated.

Regarding the progress after launching the promotion “Sizzah Goes Big, Immediate Yield” for customers investing in the Wyndham Grand Nai Harn Beach Phuket, it has achieved over 60 million baht in sales within just one month. Over the next two years, foreign investors will account for 40% (with the highest being from Russia, France, Germany, the UK, and Italy), while Thai investors will make up 60%. This new promotion addresses current economic conditions, including inflation, soaring oil prices, and a weakening baht.

Customers interested can start investing with just 1 million baht, receiving a special 12-month yield in advance, with an average maximum yield of 9%*. A buyback guarantee of 110% is offered at the end of the fifth year, along with exclusive benefits including 3 free nights per year* at the Wyndham Grand Nai Harn Beach Phuket, a 30% discount on accommodation*, and a 15% discount Member Card for other services from today until August 31, 2022 only.

Additionally, investors will have the special privilege of co-owning a premium 5-star hotel located in a prime area of Phuket, just 800 meters from Nai Harn Beach, managed by the world-renowned Wyndham Hotel Group. The investment is secured by real estate, constructed and decorated to 5-star premium hotel standards, featuring 10 freeform swimming pools around the project, free monthly electricity and water bills, and free maintenance and repair costs *conditions apply as per the company's regulations.

“In the past two years, we would like to express our gratitude to our customers for their continued trust in Sizzah Group. The company strives to guarantee returns for our clients. In the past, about 70% of customers who purchased for investment have utilized their benefits and expressed satisfaction. We encourage the remaining 30% who have not yet utilized their benefits to do so, and for those who have not yet invested, we invite them to explore Sizzah Group's project information. We are ready to support our clients throughout their investment journey,” Mr. Attanop concluded.

It is worth noting that the project “Wyndham Grand Nai Harn Beach Phuket” is located at Nai Harn Beach, covering a total area of 11 rai, consisting of 12 four-story buildings with room sizes ranging from 40 square meters to 65 square meters, totaling 353 units. Four buildings will operate as a full-service hotel, while the remaining eight buildings will be sold for investment and managed by the “Wyndham Hotel Group.” The project value is 3.2 billion baht, with a minimum investment of 1 million baht, and construction is currently over 90% complete.