Tourism drives Chiang Mai property boom | Bangkok Post: business

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Tourism drives Chiang Mai property boom

Nearness to China, infrastructure improvements and the promise of Asean integration set the stage for a prosperous market

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The property market in the largest northern province has flourished in recent years, spurred by a tourism boom, the entry of giant retailers and the effects of massive flooding elsewhere in 2011. 

Floral Parc Residences near the Royal Flora Ratchaphruek was launched last month. It will comprise three seven-storey buildings with 200 units worth a combined 300 million baht. Units will be sized 40-80 square metres and priced between 2.1 million and 6 million baht.

Its prospects remain good alongside an expansion of Chiang Mai airport, upcoming Asean economic integration and planned investment in transport networks.

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