Editor: Cheyenne Hollis
Pages 26, Dot Property Magazine ISSUE 029 WINTER 19/20
Many investors and large-scale developers continue to focus on Bangkok and Thailand’s tourist destinations to extend their reach. But are they are overlooking exceptional l opportunities elsewhere in the Kingdom? According to Isan Real Estate, the answer is a resounding yes. In particular, the agency believesNong Khai, Udon Thani, and KhonKaen are brimming with potential. All three of these provinces are set to benefit from China’s Belt and Road Initiative. NortheastThailand will receive a boost from the high-speed train network that will connect several SoutheastAsian countries to China, opening the door to lucrative trade opportunities that are currently difficult to establish and maintain. The high-speed train, which could be completed as soon as 2023, will create a direct connection e tween Nong Khai and Kunming in China via Laos. 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. Isan Real Estate, winner of Thailand’s Best Real EstateAgencies 2018 Presented byLeading Real Estate Companies of the World® at the Dot PropertyThailand Awards, has been carefully monitoring the highspeed 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 since the rail project continues to move forward. Ernie Draper, Managing Director at Isan Real Estate, points to a141 Rai (56 acres) plot of land with Mekong River frontage that would be a 10-minute drive from the proposed Nong Khai train stations 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 5-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 gamechanger.