Pruksa Real Estate Plc, meanwhile, has continued maintaining its investments in India after achieving success in a residential development in the year 2013.
"We are negotiating the purchase of land in Bangalore to develop residential projects this year," the company's president and chief executive officer Thongma Vijitpongpun said.
He added that though the company was interested in expanding overseas, it still needs time to study the option because the risk in terms of legalities and consumer behaviour was different.
Pruksa had to suspend its project in Vietnam after facing problems in the purchase of land.
Meanwhile, Supalai, TCC Land Co, CP Land and Singha Estate have also been investing outside Thailand in the residential, hospitality and office segments. For instance, Singha Estate has taken over a hotel in Britain in a deal worth Bt2.25 billion.
Investment overseas is not confined to realestate firms,as construction and industrialestate companies are also entering foreign markets, especially in Asean countries. ItalianThai Development and Ch Karnchang were the first two construction firms to enter Asean nations.
ITD has been building infrastructure in Myanmar and Laos, while Ch Karnchang is working on a hydropower-dam in Laos and is eyeing business in Myanmar.
"Demand for infrastructure construction in neighbouring countries will grow strongly when the Asean Economic Community becomes fully effective," chairman of Ch Karnchang's executive board Plew Trivisvave said. "This presents a perfect business opportunity for Thai construction firms to expand in Asean.