Chinese buyers top the table of foreign condominium purchasers in Thailand, buying up 15 billion baht worth of property in the first eight months of this year.
Some 770,000 condo units are currently on the market, with the figure expected to rise by 14% to 876,000 by 2025, according to Suphin Mechuchep, chairwoman of Jones Lang LaSalle (Thailand), a professional services firm specialising in real estate.
Over the first eight months of 2022, 58,078 units worth a total of 151 billion baht were transferred to buyers. Ten percent of the buyers were foreigners, booking 5,800 units worth a combined 30 billion baht, with Chinese buyers making up 50% of the total value, she said at a property seminar held at a Bangkok hotel on Thursday.
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