How was your future planning lately? Have you ever set the financial planning goal? How much money will be sufficient to spend for the rest of your life? Financial planning is important for new generation people, especially the options of investment for investors. What kind of options should be started from today? Let’s take a look.
Making a retirement plan is one of the investment plans that the new generation cannot overlook. As Thailand has entered an aging society since 2005, while the proportion of the elderly population has increased rapidly and continuously, the elderly population is greater than the childhood population in 2019 This is to emphasize that the retirement planning is important.
According to the figures of the Department of Older Persons, the Ministry of Social Development and Human Security (MSDHS) (Data as at December 31, 2018), it was found that the total population of Thailand was 66.4 million, where the elderly population was 10,670,000. It can be divided into 4,720,000 elderly men and 5,950,000 elderly women. The province with the most elderly population is Bangkok, where there is more than 1 million older persons, followed by Nakhon Ratchasima, Chiang Mai, Khon Kaen, and Ubon Ratchathani.
As a result, the retirement planning in advance will not only ensure that your future finances are very prosperous, but the opportunity to choose investments with returns will also increase, which means the likelihood of earning passive income is higher, instead of spending savings on expenditures that will gradually decrease and eventually run out before death.
Regarding the investment model, although there is a variety of options, it is inevitable that creating long-term returns must be property investment, such as condominium, house, townhouse, and investment property, which both new and professional investors are familiar with. Regarding the long-term returns, property investment is still considered an investment model that meets the needs of investors who want worthwhile returns. Investors may be familiar with monthly and annual income. However, if they choose to particularly invest in investment property (IP), the yields will be greater. For example, CISSA GROUP’s “Wyndham Grand Nai Harn Beach Phuket” Project meets the needs of investors interested in yields and several privileges. It is also the hotel that can be resold or leased on a daily basis.
CISSA GROUP owns 4 buildings, D, J, K, and L, which is the property of the Company that is initially granted permission to be a hotel and authorizes the leasing company (CNH) to be the management. The remaining 8 buildings totaling 248 units are the condominium building for commercial hotel business, where residents or investors must sign a lease management agreement and a power of attorney to allow CNH to perform the lease management as well.
In addition, the condominium can be managed as a hotel because CISSA GROUP held an EIA Board’s Meeting on June 20, 2019, and approved the change from the condominium building for residential purpose to the condominium for hotel business purpose (Approved at the Meeting and pending for the signature affixed by the provincial governor).
However, it is undeniable that today the property market in Bangkok and main cities, such as Chiang Mai, Chonburi, and Phuket continues to attract the attention of both Thai and foreign investors. It is the consequence of the increasing rate of population growth in the country, including the increasing number of tourists staying and traveling for sightseeing the beautiful nature in Thailand, such as, sea, mountains, etc. This is an option of new generation investors who follow and study property investment intensively. It is also important to know both advantages and disadvantages of the risks in order to create financial stability at the end of life so you will have money to spend and also get money working for you while you live with freedom as you want.
