Jump to content
BANGKOK 21 February 2019 21:55
webfact

Thailand’s property market surges with Chinese confidence remaining high

Recommended Posts

2 minutes ago, fruitman said:

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???

Only DrTurner knows how. 

Share this post


Link to post
Share on other sites
35 minutes ago, DrTuner said:

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/

They were using Canadian casinos to do the same thing (plus the washing of fentanyl drug trafficking profits) and then heated up the housing market of Vancouver to the point most Canadians couldn't afford to live there. 

Share this post


Link to post
Share on other sites
2 minutes ago, fruitman said:

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???

That's non sense, they can send money to HK and from there to Thailand. Also they can ask family members to send on their behalve, each year 50k usd each... Thats why they buy mostly low end stuff tho. 

 

 

Also u can have the right to use land as a foreigner and "own" your  house... (usufruct, suoerficies etc). 

 

 

 

Share this post


Link to post
Share on other sites

Be like in Australia , they force the demand up and squeeze the locals out , now the market is about to crash.

  • Like 2

Share this post


Link to post
Share on other sites
54 minutes ago, from the home of CC said:

They were using Canadian casinos to do the same thing (plus the washing of fentanyl drug trafficking profits) and then heated up the housing market of Vancouver to the point most Canadians couldn't afford to live there. 

Standard operating procedure. Chinese are good at weaponizing economy.

  • Like 2

Share this post


Link to post
Share on other sites
2 hours ago, Anythingleft? said:

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
 

Chinese economy is slowing down thanks to U.S. sanctions

Share this post


Link to post
Share on other sites

Why shouldn't they?

There are ways to own whatever your money can buy in Thailand. How many Foreigners own land ,houses, hotels and even rubber plantations. Simple & easy.

Now the market is suffering a glut and this news can not convince me unless I see the real officially registered figures .

FAKE NEWS 

Share this post


Link to post
Share on other sites
1 hour ago, chainarong said:

Be like in Australia , they force the demand up and squeeze the locals out

Also in NZ and the big outcry meant that the Govt put rules in place regarding foreign ownership.

Share this post


Link to post
Share on other sites

Confidence in the Chinese economy is not so high. Ghost cities, the secondary banking system, having their feet held to the fire on intellectual property theft, technology transfer, a slowing economy, failure to open domestic markets to foreign competition, state subsidies of big Chinese companies. The list of problems goes on and on. That said, because of the problems many Chinese want to move money/saving offshore. How long this will continue for is anyone's guess.

Share this post


Link to post
Share on other sites
Why shouldn't they?
There are ways to own whatever your money can buy in Thailand. How many Foreigners own land ,houses, hotels and even rubber plantations. Simple & easy.
Now the market is suffering a glut and this news can not convince me unless I see the real officially registered figures .
FAKE NEWS 
The figures are from a Chinese website.

Glut my backside. I live in Asoke lower Sukhumvit and the buildings going up by many multiples in price what I paid 14 years ago off the plan and rent is phenomenal so it will never be sold.

The Q condo connected to Nana bts a red light district are selling from 1 to 5 million USA DOLLARS! With the 1 million sold out

I'm guessing you are in a village or Chang Mai. That's your problem because it's all about location location location!!!
  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...