Thai embassies around the world have begun posting an update regarding the information for foreigners travelling to Thailand from 1st April to 30th September 2021. If the sanctions work and the cases continue to reduce, we can expect the borders to Thailand to fully reopen from the 1st October.
Whilst their are still restrictions in place, the Prime Minister have developed a three stage road map to opening up the provinces of Surat Thani, Phannga, Krabi, Phuket, Chiange Mai and Chonburi. This will mean that all visitors that have a vaccine can reduce the quarantine time in a hotel by half from the original fourteen days to just seven days. There is talk of further reduction in this is successful. NPP Consultants have previously blogged regarding Golf quarantine and luxury yacht quarantine, there are also a multitude of luxury resorts that you can stay in for the quarantine in Bangkok or Phuket or Chiang Mai. Whilst the reduction to seven days will encourage some to return, others may be waiting for even shorter periods. It should also be noted that the 100,000 USD Covid insurance is still compulsory for all visitors to the country. The Special Tourist Visa (STV) will cease from October 1st also but normality should ensue with the reintroduction of the standard tourist visa.
During this time, Four Seasons Private Residences, Chao Phraya, the Ritz Carlton Residences, Sindhorn Kempinski and other luxury accommodation have seen a rise in the rental market and the yield has been steadily increasing as confidence returns. Re-sales have been particularly popular within the property market with realistic achievable prices being set by owners and developers alike. For now, Bangkok truly remains a buyers market.