CB Richard Elis Thailand Focus on Asia"s Growing Retirement And Second Home Market

Bangkok, Thailand (PRWEB) July 27, 2007

For the last 30 years South East Asian countries have competed to attract tourists. Today the focus is on quality not just quantity. Part of this strategy is to attract retirement and second home (RSH) purchasers, according to a recent report from CB Richard Ellis Thailand.

RSH purchasers have become major components in the tourism and property markets in Spain, Florida and Australia’s gold coast. The RSH market is growing in South East Asia. Competition between countries is intensifying but significant obstacles still remain in particular foreign ownership of property, availability of property loans for foreigner, and visas.

The benefits of the RSH market are that once a property is purchased, repeat visits by the buyer are guaranteed avoiding the growing competition to attract tourists. The length of stay is longer and more money is spent on local goods and services.

Thailand has been at the forefront of retirement and second home development centred in Phuket and the Andaman coast, Pattaya, Hua Hin, Cha Am, and Koh Samui. Thailand offers an attractive combination of quality of living compared to cost but still has restrictive property ownership rules. Thailand is facing growing competition from Singapore, Malaysia, Indonesia and Vietnam to attract RSH purchasers.

Malaysia has been the most aggressive country in providing an attractive property ownership, property financing and visa structure. The ‘Malaysia My Second Home Programme’ allows foreign ownership of land with houses, the ability for foreigners to borrow money to fund a property purchase and a ten year visa. In 2006, 8,700 people had successfully applied for the ‘Malaysia My Second Home Programme’.

Singapore as well as developing two integrated resorts with casinos to attract visitors also has Sentosa Cove, a resort development aimed specifically at foreigners. Overseas buyers are permitted to own a 99-year lease for land with houses. This is the only place in Singapore where foreign land ownership is permitted although there is no restriction on foreign ownership of condominium developments. Vietnam allows foreigners 50-year leases.

The RSH market is destined to grow driven not only by expatriates working in Asia, but also by Asian buyers. Thailand has enjoyed huge growth in medical tourism driven by Middle East and South Asian demand for good quality, reasonably priced medical care. These medical tourists could also become RSH purchasers particularly as countries like India look at relaxing controls on investment overseas.

“Thailand faces growing competition to attract RSH purchasers from other countries that can offer an attractive combination of quality and cost of living. This competition means that, in order to succeed, countries will have to offer attractive property ownership, property financing and visa regulations,” according to Mr. James Pitchon, Executive Director at CB Richard Ellis Thailand.

Thailand has introduced a retirement visa and about 12,000 foreigners had successfully applied in the first seven months of 2006.

The RSH market will to continue to grow. The strongest growth will be from Asian buyers. In 2007, the Korean government relaxed conditions for Korean nationals investing in property overseas and CB Richard Ellis has already seen an increase in Korean demand for Thai property. India has also relaxed its conditions for its nationals investing overseas.

As the market becomes more competitive countries will need to examine property ownership and financing restrictions as well as visa policies to fully benefit from the booming RSH market.

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CB Richard Elis Thailand Focus on Asia"s Growing Retirement And Second Home Market

Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) February 06, 2012

Follow GIA on LinkedIn The world over, hospitals are focused largely on increasing efficiency and offering comprehensive services to retain existing customers and attract new ones. Growing healthcare costs have become a major concern for the government as well as hospitals and insurance companies. Escalating healthcare costs and reduced co-payments by employers for medical benefits led to the establishment of the managed care companies and HMOs, pressurizing hospitals to increase cost-effectiveness. Faced with the increasing costs and declining profits, majority of hospitals have implemented measures, such as providing alternative medicines to patients, and collaborations to form health systems to expand offerings and reduce overall healthcare costs.

Despite the economic slowdown and financial crunch, the number of new hospitals increased significantly since the year 2008. While a well-developed healthcare infrastructure exists in the developed nations, emerging economies also progressively began to make investments in the establishment of hospitals and clinics in order to increase public access to healthcare. The global economic downturn further accelerated the ongoing consolidation activity in the hospitals sector, forcing weaker organizations to merge with the financially sound hospitals.

Increasing demand for hospital beds has largely been driving the increase in the number of hospital construction projects. Additionally, higher spending on new hospital buildings, and technologically advanced equipment, is further driving the US hospital expenditure. The hospital sector continues to remain a low-profit market, characterized by the high operating costs and heightened competition among hospitals.

The hospital information laboratory systems market has been growing at a significant rate in the recent years, driven by growing need to automate electronic patient record systems for transferring patient information rapidly. The growth is also driven by the supply chain automation, which allows hospitals to simultaneously share laboratory results with many service providers. In a further embracement of technology, hospital organizations are establishing health related web portals for both internal and external uses, including connecting patients, lab results, pre-registration, and focusing on disease management and wellness.

With the increasing popularity of medical tourism, hospitals face the heat of increased competition. In an attempt to gain a competitive edge in the market, major hospital operators are focused on establishing offshore hospitals. Growth in the hospital market is expected in all major regions, with double digit growth rates projected in the Chinese and Indian markets.

The research report titled Hospitals: A Global Outlook announced by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the hospital industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Japan, Europe, Germany, the United Kingdom, Spain, Turkey, Asia-Pacific, Australia, China, India, Korea, Malaysia, Singapore, Thailand, the Middle East, and Africa. The report provides a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of the companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Hospitals_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

Malaysia Airlines Selects Plateau to Support Talent Management and Regulatory Compliance Initiatives: Growing List of Airline Customers Rely on Plateau for Training, Performance and Career and Succession Planning

ARLINGTON, Va. (PRWEB) February 20, 2008

Malaysia Airlines Selects Plateau to Support Talent Management and Regulatory Compliance Initiatives: Growing List of Airline Customers Rely on Plateau for Training, Performance and Career and Succession Planning