Market Drivers: International Schools On New Property Developments

The demand for international schools in Bangkok and the rest of Thailand is growing exponentially. To date, there are more than 200 international schools in the country. These numbers highlight the growing demand for cultural diversity and bilingual education.

 

Some parents would choose the curriculum of a British international school in Bangkok, Thailand for their children. Some may not be particular with the curricula as long as it is an international school. With the international quality of the education and the lower cost of living and tuition fees in the country, these international schools in Thailand will continue to be attractive to locals and foreigners alike. This demand that comes from both local and foreign families has become a market driver for an integrated kind of property development for all generations and nationalities. This mixed-use concept includes residential and commercial space that features an international school as well.Developers have realized that the presence of an international school in a newly developed property will increase the demand for said property and will increase its value itself along with the surrounding areas.

 

Three developers have caught on to this trend and have launched their own projects in various locations in Bangkok. U City has partnered with a Hong Kong-based investor to develop a 109.8-rai property near Thana City Gold and Country Club. It scheduled for completion by 2021, whilethe construction for its Verso International School already began in 2017and will be able to accommodate 1,800 students.

 

Country Group Development is developing a 23-rai area on Rama III-Industrial Ring Road. It is scheduled for completion by 2023 and has the integrated international school for 1,750 students included in the complex of residential buildings and commercial spaces.

 

The last developer, Sansiri, has two projects under its belt. The first, T77 Community on Sukhumvit Soi 77, is already finished and sells space at a price higher than the average of 150,000 baht per square metre. It has a community mall to support the residential spaces and has the Bangkok International Preparatory School. Kawa House, their next project, is scheduled for completion by 2020, but its Bangkok Prep School has already been operation since 2017.

 

Some parents may specifically want a British international school in Bangkok, Thailand for their children. Some may not. The fact still remains that as long as it is an international school that offers bilingual and culturally diverse education, families will continue to be drawn to property developments that have one on the premises. This trend will continue to drive the market and the developers need only follow.