Thailand real estate is no white elephant

The Thai real estate sector has undergone intense scrutiny over the last 2 ½ years. The devastating Tsunami in December 2004 and military coup in September 2006 certainly gained the ‘land of smiles’ global attention however the Thai government and its people have worked hard to utilise this interest positively. Far from being a white elephant (which are incidentally sacred and a sign of prosperity in their native SE Asia), there is continued interest in Thailand as an investment opportunity.