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rooster59

Condo market devastated by pandemic - Chinese can't pay for their properties

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You can buy a condo in a afternoon.It will take years to sell  sometimes.The chinese can transfer money if they want to anyone.if cash is used they can not get there,then the problems start and the black money harder to get rid off.lots of cheap deals soon i,am sure

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12 hours ago, smutcakes said:

Or rich enough not to worry about it.

Its 100K UK Pounds- companies would regularly pay that for executives in many capital cities and many individuals as well.

There are only so many “executives” in Thailand and not nearly enough to fill all those high priced rentals.  I know of plenty of Japanese nationals (and other foreign expats) working for Japanese, American and other MNCs living in 12-18k baht condos.  

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Maybe the Chinese have just figured that the resale market in Thailand is pathetic . They are still buying like crazy in my country as they have seen plenty of their Kin make bundles in property . I’m almost hoping for a massive crash just so the little scrouts get their fingers burnt . 

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