Nadia Farha Mubin
The Tourism Authority of Thailand (TAT) is excited to report that the Thailand Privilege Card (TPC) will be extending its Elite Flexible One membership programme for two more years, until the 31st of December 2024.
This programme was scheduled to conclude by the end of this year, but due to the positive feedback received from foreign investors who have joined as Elite Flexible One members, it was extended to last till the end of 2024. Membership privileges and favourable opportunities for property investment in Thailand are both perks of being a member of this group which foreigners can enjoy.
Mr Yuthasak Supasorn, the Governor of TAT, said “The Elite Flexible One programme has proven a valuable tool in promoting property opportunities in Thailand to foreign markets and in generating much-needed revenue in what has been a difficult period. We are happy to see the programme being extended.”
Foreigners have invested more than 100 million Baht in real estate ever since the Elite Flexible One programme was introduced in March 2020. This also includes a substantial revenue generated for the country during the COVID-19 situation.
Ms Ratchadawan Loetsilathong, the Acting President of TPC, said the extension of the Elite Flexible One membership programme for a further two years would help real estate operators drive their sales volume and thus stimulate the overall Thai economy. It would also draw more foreigners to Thailand, especially with the COVID-19 pandemic weakening and the kingdom having reopened its borders.
Currently, 22 property operators are participating in the Elite Flexible One programme and together they are offering 77 development projects worth investing in for the members.
There are certain criteria every foreigner must fulfil to be eligible for membership in Elite Flexible One. First of all, the applicant has to own condominium-type real estate with a value of equal to or more than 10 million Baht, and second, be a Thailand Elite cardholder.
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