Chinese investors continue to dive into the Thailand property market. Last year saw the rise of Chinese foreign investments in Thailand, China economic review reported. Currently, Chinese investors are still in search of good Thailand property investments and opportunities.
Nighttime at Thalang road in the old Phuket town
Knightfrank reports that 10-20% of total Thailand property sales in Chiang Mai, Pattaya, Phuket and 5% of total sales in Bangkok comprise of Chinese buyers. This is why Thailand property developers are also racing to build both luxe and affordable residential spaces in these areas.
According to a report by Bangkok Post, this could be because of the lower property prices in Thailand compared to mainland China, low down payment rates, and property transfer fees. Moreover, the report also says return on Thailand property investments come in at just 219 months versus over 600 months in Beijing and Shanghai. Financial Times Confidential Research found that most Chinese buyers investing in Thailand are middle-income folks who are in search of cheaper Thailand real estate investments compared to overpriced properties in mainland China.
The busy streets of Bangkok city at night
In the endeavour to sustain the rate of foreign investments, the Thai government has recently launched a prestige visa program called Thailand Elite. One of its reported main targets is Chinese migrants who are the “second largest foreign community in Thailand after the Japanese.” The program seeks to provide Thailand’s finest service for its members. It also grants applicants at least 20 years of residency in Thailand. This program will help in boosting Thailand’s economy and assure continued support from foreign investments.
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