Thailand’s property market surges with Chinese confidence remaining high

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Thailand’s property market surges with Chinese confidence remaining high

By The Thaiger

 

 

Chinese investors are still spending big in Thailand’s property market. The country’s ‘teflon’ tourist reputation and uncertain national election outcomes are doing little subdue investor enthusiasm.

 

Two coups in a decade have done little to cool enthusiasm in Thai property. Tourists from Asia’s top economy continue to recognise Thailand as a top spot for holidays, and investment.

 

According to data Chinese real estate portal Juwai.com, Thailand remains a popular country when it comes to inquiries from potential real estate buyers. In 2018 the Thai market was the fourth most popular property investment market for Chinese buyers, as the Thai market climbed up from the sixth spot just two years before.

 

Full story: https://thethaiger.com/news/business/thailands-property-market-surges-with-chinese-confidence-remaining-high

 

-- © Copyright The Thaiger 2019-02-12

[DrTuner]

More illegal hotels coming right up. Nothing perks up the neighbourhood like Chinese tour buses offloading next door.

[marcusarelus]

28 minutes ago, DrTuner said:

More illegal hotels coming right up. Nothing perks up the neighbourhood like Chinese tour buses offloading next door.

Please link your claim of illegal hotels or stop posting rumors. 

[davehowden]

3 minutes ago, marcusarelus said:

Please like your claim of illegal hotels or stop posting rumors. 

Well I like his claim !!

[seajae]

does this mean chinese are allowed to buy land/houses(pic is definitely not a condo) and not just condo's or is it condo's only?

 

[marcusarelus]

2 minutes ago, seajae said:

does this mean chinese are allowed to buy land/houses(pic is definitely not a condo) and not just condo's or is it condo's only?

 

This has always been a mystery to me how billions of dollars move from China to Thailand to build hotels and condos and future casinos. How much can a Chinese person take out per year and can a Chinese own land in Thailand?  If not how do they get billions for leased land properties? 

[madmen]

Build it and they will come. China's can't get enough of thailand ,!

 

I wonder when the first..but they are zero dollar tourists comment is? It's usually the first [emoji16]

 

 

[DrTuner]

29 minutes ago, marcusarelus said:

Please link your claim of illegal hotels or stop posting rumors. 

I shall post whatever I want, just like you do. However you might want to visit whatsitcalled the base or something in Pattaya, as well as go see a few houses for sale. Last time I did a tour barged in in the middle of the showing. And this was in a high end moo baan.

[Vacuum]

4 minutes ago, marcusarelus said:

can a Chinese own land in Thailand?

They already own the whole country.

[DrTuner]

29 minutes ago, marcusarelus said:

This has always been a mystery to me how billions of dollars move from China to Thailand to build hotels and condos and future casinos. How much can a Chinese person take out per year and can a Chinese own land in Thailand?  If not how do they get billions for leased land properties? 

It gets washed in Macao casino and moves to Thailand using the Sino-Thais underground banking system.

 

http://www.macaubusiness.com/macau-real-estate-industry-to-slowly-adapt-to-new-anti-money-laundering-regulations-financial-crime-expert/

[cheeryble]

They ARE buying and whats more are not mean, seem happy to pay over the odds even know a couple of examples in one of the older condos in CM that were overpaid, one bought unseen, just from photos and recommendation.

[Anythingleft?]

Just another cycle, it was the Russians before etc etc
When the economy changes in China and the exchanges invariably change again then it will lead to a new country descending here en masse
Not a mystery, is it?....

Sent from my SM-N950F using Tapatalk

[BobbyL]

Very strange why they seem to purchase so many condos here. A lot in our place on Sukhumvit nowadays.

 

We're looking at buying in the near future and have visited a fair few places to ask about prices etc. One thing we have always asked is the % of current ownership and then about which foreigners have purchased most. Chinese are always mentioned. 

[bojo]

I get why property in general might surge in price due to general demand. Good ole fashioned economics.

But personally, the value decreases if there are tour loads of Chinese buying in my hood. Not my cup of tea as neighbours, but that's just me being tribal....

[fruitman]

40 minutes ago, marcusarelus said:

This has always been a mystery to me how billions of dollars move from China to Thailand to build hotels and condos and future casinos. How much can a Chinese person take out per year and can a Chinese own land in Thailand?  If not how do they get billions for leased land properties? 

I thought the Chinese were not allowed to bring their money overseas? And also that in Thailand foreigners were not allowed to buy real estate except condo's???

[marcusarelus]

35 minutes ago, DrTuner said:

It gets washed in Macao casino and moves to Thailand using the Sino-Thais underground banking system.

 

http://www.macaubusiness.com/macau-real-estate-industry-to-slowly-adapt-to-new-anti-money-laundering-regulations-financial-crime-expert/

James Bond tell you that?

[marcusarelus]

2 minutes ago, fruitman said:

I thought the Chinese were not allowed to bring their money overseas? And also that in Thailand foreigners were not allowed to buy real estate except condo's???

Only DrTurner knows how. 

[from the home of CC]

35 minutes ago, DrTuner said:

It gets washed in Macao casino and moves to Thailand using the Sino-Thais underground banking system.

 

http://www.macaubusiness.com/macau-real-estate-industry-to-slowly-adapt-to-new-anti-money-laundering-regulations-financial-crime-expert/

They were using Canadian casinos to do the same thing (plus the washing of fentanyl drug trafficking profits) and then heated up the housing market of Vancouver to the point most Canadians couldn't afford to live there. 

[ThomasThBKK]

2 minutes ago, fruitman said:

I thought the Chinese were not allowed to bring their money overseas? And also that in Thailand foreigners were not allowed to buy real estate except condo's???

That's non sense, they can send money to HK and from there to Thailand. Also they can ask family members to send on their behalve, each year 50k usd each... Thats why they buy mostly low end stuff tho. 

 

 

Also u can have the right to use land as a foreigner and "own" your  house... (usufruct, suoerficies etc). 

 

 

 

[chainarong]

Be like in Australia , they force the demand up and squeeze the locals out , now the market is about to crash.

[DrTuner]

54 minutes ago, from the home of CC said:

They were using Canadian casinos to do the same thing (plus the washing of fentanyl drug trafficking profits) and then heated up the housing market of Vancouver to the point most Canadians couldn't afford to live there. 

Standard operating procedure. Chinese are good at weaponizing economy.

[DrTuner]

At least Oz is starting to push back:

 

https://edition.cnn.com/2019/02/11/australia/australia-china-huang-xiangmo-intl/index.html

[scotinsiam]

I put up my place for sale and within 24 hours a buyer was found in China - the deal is done and I was paid cash at land office and some extra to move out immediately - As far as I know it was all done by phone / photos etc.

[malibukid]

2 hours ago, Anythingleft? said:

Just another cycle, it was the Russians before etc etc
When the economy changes in China and the exchanges invariably change again then it will lead to a new country descending here en masse
Not a mystery, is it?....

Sent from my SM-N950F using Tapatalk
 

Chinese economy is slowing down thanks to U.S. sanctions

[mickymouse1]

Why shouldn't they?

There are ways to own whatever your money can buy in Thailand. How many Foreigners own land ,houses, hotels and even rubber plantations. Simple & easy.

Now the market is suffering a glut and this news can not convince me unless I see the real officially registered figures .

FAKE NEWS 

[xylophone]

1 hour ago, chainarong said:

Be like in Australia , they force the demand up and squeeze the locals out

Also in NZ and the big outcry meant that the Govt put rules in place regarding foreign ownership.

[xylophone]

3 hours ago, DrTuner said:

More illegal hotels coming right up. Nothing perks up the neighbourhood like Chinese tour buses offloading next door.

Or they buy many condos in a block and just AirBNB them......much to the annoyance of live-in owners and long term renters because of the noise, movement all hours of the day and the rubbish they drop/leave behind.

[Ulic]

Confidence in the Chinese economy is not so high. Ghost cities, the secondary banking system, having their feet held to the fire on intellectual property theft, technology transfer, a slowing economy, failure to open domestic markets to foreign competition, state subsidies of big Chinese companies. The list of problems goes on and on. That said, because of the problems many Chinese want to move money/saving offshore. How long this will continue for is anyone's guess.

[madmen]

Why shouldn't they?
There are ways to own whatever your money can buy in Thailand. How many Foreigners own land ,houses, hotels and even rubber plantations. Simple & easy.
Now the market is suffering a glut and this news can not convince me unless I see the real officially registered figures .
FAKE NEWS 

The figures are from a Chinese website.

Glut my backside. I live in Asoke lower Sukhumvit and the buildings going up [emoji115] by many multiples in price what I paid 14 years ago off the plan and rent is phenomenal so it will never be sold.

The Q condo connected to Nana bts a red light district are selling from 1 to 5 million USA DOLLARS! With the 1 million sold out

I'm guessing you are in a village or Chang Mai. That's your problem because it's all about location location location!!!

[RichardColeman]

As long as the buyers are young, single, good-looking chinese women, I have no issues with this