«Real Estate for Health» is a megatrend that is relevant all over the world. It is reported that the Wellness Real Estate sector has almost doubled in four years, with growth averaging 22% per year since COVID-19 crisis. Against the background of a general reduction in the market - 2.5%.
The changing housing trend after COVID-19 era was reinforced by the research results of Vipatra Totemchokechaikarn's Future Tales Lab. The researcher stated that 1 out of 7 megatrends in the real estate sector are projects focused on health, the life of several generations (the coexistence of many ages) and comfortable conditions for the elderly. The population has a request for housing equipped with such functions as the use of robots to care for the elderly at home, rehabilitation services at home, materials and equipment that do not affect health, etc.
The growing demand for health and wellness services among consumers also coincides with the success of Asia's first large-scale housing project, «The Forestier», worth 125 billion baht. Kittiphan Sora Uiyama, the project director, said that the project is currently sold by more than 45%. Although sales were opened in the midst of COVID-19 situation.
The «business model» of the project is the city of the future, which really meets the needs of modern people, especially the elderly group. What is relevant for Thailand with an «aging population». The project provides ramps, wide doorways, parks for walking. Ambulance access to the building is not hindered by anything. Several hectares of forest are planted around the buildings.
In addition to Thai clients, the project is also aimed at foreigners who care about their health and those who want to spend their old age in Thailand. It is expected that the project will open a new page in the era of real estate in Southeast Asia. Since the region has just come to such a stage of development when there is a need for comfortable housing with an emphasis on health.