Rising Elderly Population in Thailand

In Thailand, the number of people aged 60 and above now accounts for 20% of the population. This demographic is expected to grow at an annual rate of 4.89%.

Current State of Elderly Care Facilities

According to recent surveys, Thailand has 916 nursing homes and residences nationwide, with the majority located in Bangkok and its surrounding areas (516). These facilities report occupancy rates above 70%, particularly in economically vibrant regions like Bangkok, Chonburi, Nakhon Ratchasima, and Chiang Mai.

Rent for state-owned facilities ranges between 10,000 and 20,000 baht, while privately owned nursing residences typically charge between 30,001 and 50,000 baht.

Recommendations for Property Developers

The Real Estate Information Centre (REIC) emphasizes the importance of economic context and local potential in property development for the elderly. They suggest offering financial tools such as long-term leases to improve accessibility and enhance the quality of life for elderly residents.

This survey underscores the critical need for adaptable property development to meet the rising demand and diverse lifestyles of Thailand's aging population.