With the resumption of travel between China and Thailand, Chinese investors are keen to seize the opportunity to purchase Thai properties for investment and retirement purposes.
They view Thailand’s real estate market as offering better value compared to China and are making use of the 30-day visa on arrival that is being granted to Chinese passport holders until the end of March.
China’s reopening is giving the Thai economy an additional boost, with the government projecting 7-8 million Chinese tourists in 2023, down from 11 million in 2019.
According to data from Thailand’s Real Estate Information Centre, Chinese buyers have been the largest group of foreign buyers of condominium units in Thailand since 2018, accounting for almost half of the units sold to foreigners.
Chinese buyers have been the biggest group of foreign buyers of condominium units in Thailand since 2018, followed by buyers from Russia, the US, the UK, and Germany.
According to Thailand’s Real Estate Information Centre, Chinese buyers purchased 3,562 units worth a total of 17.94 billion baht ($511 million) during…
Chinese investors eye Thai property as travel resume between the two countries
Thailand Business News is a comprehensive news service about Thailand with a business and financial perspective edited in Bangkok by Siam News Network