Thailand is now becoming a centre of international school education in Southeast Asia and other neighbouring nations. With cost of living and tuition fees much lower in the country, students from these regions choose Thailand as the country in which to seek education.
This demand for international schools comes not just from foreigners, but from locals as well. An international school in Thailand offers all the benefits of a culturally diverse and bilingual education, without the expenses that come with it should these students choose other countries.
In Southeast Asia, Thailand comes in at third place with the number of international schools exceeding 200. The number of international schools is expected to rise as more property developers come to realize that integrating mixed-use properties with international schools will increase demand for their residential units and increase property values of neighbouring areas.
Four properties are already being developed with this integration in mind. Two of the four are Sansiri developments. The first one is T77 Community on Sukhumvit Soi 77. It is a large complex of comprised of the Bangkok International Preparatory School and the residential condominiums and commercial mall area. It averages a higher than average cost per square metre at 150,000 baht. Their second project, Kawa House, has its Bangkok Prep School. Its construction began in 2017, while the rest of the property is targeted to be completed by 2020.
The two other projects are from Country Group Development and a joint venture between U City and a private Hong Kong-based investor. The former is expected to rise by 2023 and features residential buildings and an international school for 1,750 students. All these are within a 23-rai area on Rama III-Industrial Ring Road. The latter is set to be finished by 2021 in a 109.8-rai property near Thana City Gold and Country Club. Despite the completion of the project at a later date, its Verso International School already opened its doors in 2017 and can provide its own brand of education to 1,800 students.
To maximise on the benefits of bilingual education with cultural diversity, an international school in Thailand would definitely be the choice of local and foreign students. With the economic viability of this choice, it is no surprise that developers are quickly responding to the demand by offering properties that integrate international schools with residential and commercial complexes.