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BANGKOK 21 February 2019 14:18
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Thailand’s property market surges with Chinese confidence remaining high

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Thailand’s property market surges with Chinese confidence remaining high

By The Thaiger

 

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Chinese investors are still spending big in Thailand’s property market. The country’s ‘teflon’ tourist reputation and uncertain national election outcomes are doing little subdue investor enthusiasm.

 

Two coups in a decade have done little to cool enthusiasm in Thai property. Tourists from Asia’s top economy continue to recognise Thailand as a top spot for holidays, and investment.

 

According to data Chinese real estate portal Juwai.com, Thailand remains a popular country when it comes to inquiries from potential real estate buyers. In 2018 the Thai market was the fourth most popular property investment market for Chinese buyers, as the Thai market climbed up from the sixth spot just two years before.

 

Full story: https://thethaiger.com/news/business/thailands-property-market-surges-with-chinese-confidence-remaining-high

 

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-- © Copyright The Thaiger 2019-02-12
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28 minutes ago, DrTuner said:

More illegal hotels coming right up. Nothing perks up the neighbourhood like Chinese tour buses offloading next door.

Please link your claim of illegal hotels or stop posting rumors. 

Edited by marcusarelus
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does this mean chinese are allowed to buy land/houses(pic is definitely not a condo) and not just condo's or is it condo's only?

 

Edited by seajae
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Build it and they will come. China's can't get enough of thailand ,!

 

I wonder when the first..but they are zero dollar tourists comment is? It's usually the first

 

 

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29 minutes ago, marcusarelus said:

Please link your claim of illegal hotels or stop posting rumors. 

I shall post whatever I want, just like you do. However you might want to visit whatsitcalled the base or something in Pattaya, as well as go see a few houses for sale. Last time I did a tour barged in in the middle of the showing. And this was in a high end moo baan.

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29 minutes ago, marcusarelus said:

This has always been a mystery to me how billions of dollars move from China to Thailand to build hotels and condos and future casinos. How much can a Chinese person take out per year and can a Chinese own land in Thailand?  If not how do they get billions for leased land properties? 

It gets washed in Macao casino and moves to Thailand using the Sino-Thais underground banking system.

 

http://www.macaubusiness.com/macau-real-estate-industry-to-slowly-adapt-to-new-anti-money-laundering-regulations-financial-crime-expert/

Edited by DrTuner
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They ARE buying and whats more are not mean, seem happy to pay over the odds even know a couple of examples in one of the older condos in CM that were overpaid, one bought unseen, just from photos and recommendation.

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Just another cycle, it was the Russians before etc etc
When the economy changes in China and the exchanges invariably change again then it will lead to a new country descending here en masse
Not a mystery, is it?....

Sent from my SM-N950F using Tapatalk

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Very strange why they seem to purchase so many condos here. A lot in our place on Sukhumvit nowadays.

 

We're looking at buying in the near future and have visited a fair few places to ask about prices etc. One thing we have always asked is the % of current ownership and then about which foreigners have purchased most. Chinese are always mentioned. 

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I get why property in general might surge in price due to general demand. Good ole fashioned economics.

But personally, the value decreases if there are tour loads of Chinese buying in my hood. Not my cup of tea as neighbours, but that's just me being tribal....

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40 minutes ago, marcusarelus said:

This has always been a mystery to me how billions of dollars move from China to Thailand to build hotels and condos and future casinos. How much can a Chinese person take out per year and can a Chinese own land in Thailand?  If not how do they get billions for leased land properties? 

I thought the Chinese were not allowed to bring their money overseas? And also that in Thailand foreigners were not allowed to buy real estate except condo's???

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