Thailand’s Healthcare REIT Expansion: Investing in Wellness Real Estate
Thailand is witnessing rising investment in healthcare REITs, with funds like Keppel-Pruksa focusing on hospitals, clinics, and wellness resorts—turning medical and wellness real estate into a major investment asset class.
In Thailand, health real estate is attracting strong institutional investment, particularly through Healthcare Real Estate Investment Trusts (REITs) . One notable example is the partnership between Singapore’s Keppel Capital and Thailand’s Pruksa Holdings , which launched a cross-border healthcare real estate fund focusing on hospitals, clinics, and wellness facilities.
This fund, worth over US$300 million, has already invested in luxury wellness resorts and specialist hospitals in Thailand, underscoring investor confidence in the sector. Demand is driven by Thailand’s booming medical tourism industry—worth more than US$6 billion annually—and a growing domestic need for elderly and long-term care facilities. Healthcare REITs provide an attractive opportunity for investors, offering stable yields while supporting the expansion of critical infrastructure. For Thailand, this trend reflects a shift from healthcare as a public service to healthcare as a core real estate and investment asset.