Bangkok, Pattaya, Phuket, and Chiang Mai are the most popular choices for the majority of Chinese property buyers. The Chinese international property portal has witnessed so many buying inquiries for properties in Thailand. And this is reflected from the amazing offerings from the developers, which are combined with lifestyle, investment prospects. Considering the data so far, a significant rise in the number of property buyers is expected in 2019.
Besides, flexibility in property price is also one of the contributing factors as why Chinese prefers Thai properties. In fact, the ongoing infrastructure developments in Thailand give the buyers confidence in Thailand’s economic potential.
Other than that US-China trade session is a key driver that will shift the Chinese buyers’ interest from the US to Thailand. In 2018, Thailand had seen the most inquiries. According to a portal it reaches more than 3.1 million Chinese users monthly while showing 2.8 million listings from ninety different countries.
To go by the data, Thailand ranked the 4th, following the US, Hong Kong, Australia. Related to total investment value, around 15,000 new apartments in Bangkok were sold to Chinese buyers from Mainland China and Hong Kong in 2018. Precisely, they accounted for approximately half of all foreign buyer purchases.
This year some large number of condo projects is to be completed so as to be transferred to the Chinese buyers. Thai developers even prepare a transfer process along with after-sale services, particularly for Chinese buyers.
Buying for investment was one of the top most motivations among the Chinese buyers that accounts for 72.4% of buyers, which is largely followed by holiday, retirement, education, rental, and personal use. To list some, top 5 locations include Bangkok, Chiang Mai, Phuket, Samui, and Pattaya.
For your information, you will be thrilled to know that Thailand rose to 3rd rank in 2017 from 6th most popular destinations.
