Chinese buyers still tops demand for Thai real estate
Retalk Asia has reported that according to CBRE, a leading international property consultant, Chinese buyers remain the primary player for Thai real estate market.
“Chinese direct investment in property development through joint ventures is also likely to increase, however, demand may be volatile and fluctuate based on sentiment and vary from sector to sector,” said Head of Research and Consulting, CBRE Thailand, James Pitchon.
More: China to avoid big fluctuations in property market: minister
Over the past two years Chinese buyers have increased dramatically, which could be seen from reports by some developers citing that up to 50 percent of their condominium sales have been to foreigners, mainly Chinese purchasers.
The report stated that Chinese nationals are now the second largest number of expatriates with work permits. China was also ranked the fifth largest source of foreign investment in the kingdom. Some of the main factors driving more investment in the property market are increase of Chinese tourists, as well as increased taxes and regulations for foreign buyers in other real estate markets.
Recommended
6 reasons why Bang Na is Bangkok’s hidden gem
This Bangkok enclave flaunts proximity to an international airport, top schools, and an array of real estate investment options
AI transforms Asia’s real estate sector: Enhancing valuation, customer interaction, and sustainability
From property valuation to measuring sustainability, AI is impacting nearly every aspect of Asia’s real estate industry
Bangkok’s luxury real estate flourishes amid economic challenges
New luxury mega projects boost the top end of Bangkok’s market, but stagnancy reigns elsewhere due to weak liquidity and slow economic growth
Investors shift focus to suburban and regional markets as Australian urban housing prices surge
Investors are gravitating to suburban areas and overlooked towns as Australia’s alpha cities see skyrocketing demand and prices