Rise of Chinese Investors
According to Juwai.com, Chinese biggest portal for overseas properties, more and more Chinese investors are now coming to Thailand to place their money in real estate. The Juwai Chinese Purchasing Intent Index for Thailand clearly outperformed other countries.
Over the last past year, the Index has increased by a terrific 180% while the other top 5 countries (UK, USA, New Zealand, Australia & Canada) has only seen an average of 37% increase in Chinese interest. As of now, Thailand ranks 9th among top 10 most popular countries for Chinese property buyers.
Also, the growth in average investment amount is impressive as the average property price Chinese buyers are buying at grew by 111% y-o-y up to THB22,000,000, which is definitely healthy for the high-end market in the Kingdom. Chinese buyers mainly focus on properties nearby BTS & MRT stations centrally located.
Andrew Taylor, co-Chief Executive Officer of 英国房产投资, said: “Chinese buyers are taking advantage of their strong currency and proximity to Thailand to invest in vacation homes and investment properties. Over the past five years, the Chinese currency, the Renminbi, has gained 19 percent on the Thai Baht.
“Chinese businessmen with commercial interests in Thailand were among the first buyers of local residential real estate. Now, you see vacationers and investors joining their ranks.
“The top destinations in Thailand for Chinese property enquiries are Pattaya, Koh Samui, Phuket, Chiang Mai and Bangkok.
“Thailand could greatly profit from the projected massive increase of Chinese international property investment in the coming decade. It could easily displace other countries that are currently more popular with Chinese buyers.”