CLMV investors targeted to boost real estate marketThailand Privilege Card Co (TPC), the operator of Thailand Elite Card, is targeting investors from CLMV (Cambodia, Laos, Myanmar and Vietnam), particularly Chinese businessmen who have been naturalised, to invest more in real estate. Those investors are the target of the 500,000-baht Elite Flexible One requiring applicants to purchase real estate worth 10 million baht at a minimum with proof of ownership. Elite Flexible One cardholders will have benefits like a five-year multiple entry visa to Thailand, use of the premium lane at airports and transfer services. The company organised a roadshow from May 10-11 to attract high-net-worth individuals in Singapore, including investors, bankers and businessmen from the Singapore Business Federation. As of March 31, there were 16,979 Elite Card holders.

Source: Bangkok Post June 02, 2022 19:53 UTC