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Daily Archives: June 29, 2017

Real Estate

Japanese Expatriates Fuel The Demand For Serviced Apartments In Bangkok

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Japanese nationals are considered to be the largest group of expatriates in Thailand. At least one half of the 36,000 expatriates can be found in Bangkok while the other half is in Sri Racha in Chon Buri Province. Unlike other foreign executives that prefer to rent condominium units, the Japanese expatriates opt for serviced apartments where the facilities resemble hotels.

Thailand’s bold plan for the Eastern Economic Corridor will open opportunities for property developers and investors in Sri Racha in Chon Buri province. The industrial development centre located in the Eastern Seaboard managed to create blue and white-collar jobs for expatriates. Most of those employed in manufacturing plants are Japanese workers who prefer to live in Bangkok, Pattaya and Sri Racha that are near the factories.

Many Japanese expatriates prefer to live in Sri Racha because it very convenient for them with Japanese-styled supermarkets and community malls. The Japanese community that has been established in Sri Racha is similar to the one established in Sukhumvit-Thong Lor area. Most of the Japanese expatriates do not own cars and they want serviced apartments that are near their place of work.

Japanese expatriates prefer serviced apartments because they want to manage their own household chores. Most of them usually stay in Thailand for less than 5 years and they prefer the hassle-free, serviced apartments during their stay in Thailand. Most serviced apartments provide a shuttle that ferries their tenants wherever they wish to go. Service apartments in Sri Racha offer a range of facilities from laundry services, washing machines kitchen and dining equipment. Usually, they include a Japanese-style breakfast and a Jacuzzi in each room.

Developers have responded to the demand building more serviced apartments that will cater to expatriates. Since the government is planning to invest in the Eastern Economic Corridor, more serviced apartments have to be built as demand catches up.

If your work brings you to Thailand, serviced apartment in Sukhumvit can be your extended stay residence. A wide range of features and amenitiesare offered by the serviced apartments to provide the best experience for expatriates. BTS Sky Train is just 10 minutes away if you need to take a short trip to your workplace.