Thailand isn't a discount market anymore. That's the point.

Thailand doesn't screen as undervalued the way Cambodia or the Philippines currently do, and that's worth saying plainly rather than dressing it up as an opportunity it isn't. What Bangkok and Phuket offer instead is liquidity and legal clarity: an established title system, an active resale market, and exit options that thinner markets in the region simply don't have yet.

For Bangkok specifically, the new MRT extensions are creating fresh station catchments where resale still trades at a discount to primary launches, since the repricing around a new stop takes time to fully show up in asking prices. For Phuket, the case is durability rather than deep value: branded pool villas in Laguna, Rawai, and Layan keep drawing lifestyle buyers from Europe and Australia, backed by rental-pool programs, which matters more than a discount when the goal is a liquid exit later.