Thailand’s property market surges with Chinese confidence remaining high

[Orton Rd]

3 hours 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?

 

There are 4 Chinese families who bought their own houses near us, they have their ways!

[Rod the Sod]

2 hours ago, madmen said:

The figures are from a Chinese website.

Glut my backside. I live in Asoke lower Sukhumvit and the buildings going up 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!!!

Completely correct. Location, location, location. Funny thing about Q is that they promote it as being linked to Nana BTS, but anyone with that sort of money doesn't travel on the BTS. Maybe for renters I guess.

[Enoon]

5 hours 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???

 

Revealed: the sneaky ways Chinese are moving money across the ...

 

I'm afraid you'll have to research for yourself the "sneaky ways/Thailand/property" end of the story.

 

 

[chama]

How many Chinese buying homes in Thailand does it take for Thailand to be titles as a Chinese state and fly the Chinese flag?

[impulse]

3 hours ago, Rod the Sod said:

Completely correct. Location, location, location. Funny thing about Q is that they promote it as being linked to Nana BTS, but anyone with that sort of money doesn't travel on the BTS. Maybe for renters I guess.

 

The guys I worked with had that kind of money and more.  But we all hated to drive in BKK unless it was absolutely necessary.  Many of them even had drivers and cars assigned to them, but still preferred mass transit over getting out in traffic.  Brits, mostly.

 

[BestB]

11 hours ago, marcusarelus said:

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

Any building or condo renting by the day without a hotel license which is impossible to get is illegal 

[emptypockets]

11 hours ago, ThomasThBKK said:

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). 

 

 

 

They don't buy low end property in Australia I can assure you.

[emptypockets]

4 hours ago, chama said:

How many Chinese buying homes in Thailand does it take for Thailand to be titles as a Chinese state and fly the Chinese flag?

Probably a similar amount to the followers of Islam in the UK would be my guess.

[happy chappie]

<deleted>,I'll take 4 million for my house ive paid 8 million to build.

[SheungWan]

1 hour ago, emptypockets said:

They don't buy low end property in Australia I can assure you.

 

1 hour ago, emptypockets said:

Probably a similar amount to the followers of Islam in the UK would be my guess.

Don't guess. No guideline at all.

[SheungWan]

6 hours ago, chama said:

How many Chinese buying homes in Thailand does it take for Thailand to be titles as a Chinese state and fly the Chinese flag?

The Thai property market is rather a large one. We'll keep you posted.

[SheungWan]

21 minutes ago, happy chappie said:

<deleted>,I'll take 4 million for my house ive paid 8 million to build.

If you are in the wrong location, so sorry.......

[SheungWan]

13 hours 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???

They are not, but ways are found and a premium is paid. The same rules re property ownership apply. Some will swim and some will sink.

[SheungWan]

13 hours ago, bojo said:

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....

If demand goes up then prices go up. If you are unhappy with developments then a good opportunity to sell.

[kiwikeith]

17 hours ago, DrTuner said:

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

yes the BK post ran an article saying that there may be huge money laundering by Chinese drug lords in the property market in LOS.

The huge condo development on the left heading from Cha Am to Hua Hin remains empty for quite some time now.

Given that P or meth/ice is on the rise worldwide and that 65% of prisoners in NZ are there from P convictions it is a epidemic in NZ/ Australia and Europe.

The main suppliers of the base ingredients are the Chinese.

These drug lords have plenty to launder and spend.

They also have lots of cousins in LOS>

[humbug]

there was a recent article from the junta media in the sales pitch 'business' section saying chinese buyers had less budgets in purchasing condo's in thailand compared to the western/japan customers, now another fake sales pitch article

 

property market's booming 

buy buy buy

[humbug]

15 hours ago, Orton Rd said:

There are 4 Chinese families who bought their own houses near us, they have their ways!

i spoke to a chinese buyer of a large new condo development in ratchada ,most of the buyers are chinese and its really close to the chinese embassy, he told me that his workplace had to provide details for his loan which was organised by the thai property company and the chinese bank which has branches in thailand and china,  i get the feeling his chinese family living in china would be on the contract as an insurance policy in case of default.

 

my hunch is what the chinese state tried in malaysia where  500,000 chinese were to live in forest city and secretly over a 20 year period were to be given various rights until 20 years then made into malaysian citizens. This is what was the previous malaysian gov. were doing with the chinese state

 

i reckon it could well happen here instead of one city being created for this scheme, chinese with property granted citizenship over a 20 year period, which will be for china only

[JAG]

15 hours ago, madmen said:

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

Well personally I am in a village in the North of Thailand, and regardless of "location, location, location", it is absolutely not a problem! Why?  I do not have a million dollars (or Baht for that matter) to spend on speculative property purchases, and if I did I wouldn't use it to buy a flat next to the SkyTrain, whose biggest selling point is that it is adjacent to the biggest open air  knocking shop in Asia; and that is before you consider some of the gruesome creatures that hang out in n the area...

[JAG]

51 minutes ago, Father Fintan Stack said:

How many expat property moguls posting on this thread are actually retired binmen from Sunderland that are dossing in their 4,000thb per month rented rooms?

 

????

The beauty of the internet of course is that you can be what you want to be (virtually anyway).

 

Mind you, for a retired binman , a B4000 rented room and everything that goes with it is probably preferable to a bedsit in Sunderland, and a twice weekly feast of fish and chips and a pint of Newcastle Brown Ale.

 

I have no wish, as a mere Southern softie to upset the "Geordies" on here, but Sunderland, in the persistent miserable rain, is the most depressing place imaginable. An even more depressing prospect than that facing the property mogul, as he observes the post closure detritus of Nana, human and otherwise, from his condo window, as the last SkyTrain of the night squeals past a couple of metres away...

 

 

[sammieuk1]

25 minutes ago, JAG said:

The beauty of the internet of course is that you can be what you want to be (virtually anyway).

 

Mind you, for a retired binman , a B4000 rented room and everything that goes with it is probably preferable to a bedsit in Sunderland, and a twice weekly feast of fish and chips and a pint of Newcastle Brown Ale.

 

I have no wish, as a mere Southern softie to upset the "Geordies" on here, but Sunderland, in the persistent miserable rain, is the most depressing place imaginable. An even more depressing prospect than that facing the property mogul, as he observes the post closure detritus of Nana, human and otherwise, from his condo window, as the last SkyTrain of the night squeals past a couple of metres away...

 

 

I'm no expert on all things north other than flat caps and whippets but Sunderland contains Mackem's not Geordies ???? 

[dcnx]

22 hours ago, marcusarelus said:

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

Pay attention to the news, a few hundred of them were closed in a Chiang Mai alone not long ago. Illegal hotels are an ongoing problem here. 

[dcnx]

The Chinese are investing everywhere they are allowed. Thailand is not special.

[dcnx]

18 hours ago, xylophone said:

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.

That’s happened in several of the buildings we own units in.

 

 

[xylophone]

1 hour ago, dcnx said:

That’s happened in several of the buildings we own units in.

 

 

Same at a large condo development where a friend rents long term and he and a few other long term renters have complained to the condo management but they do nothing about it..............could be because the developer also still owns a few and likes getting the income as well as Chinese owners.

[JAG]

1 hour ago, sammieuk1 said:

I'm no expert on all things north other than flat caps and whippets but Sunderland contains Mackem's not Geordies ???? 

Thank you.

Mind you, I'm from Somerset, so 'tis all up near Scotland somewhere...

[DrTuner]

1 hour ago, dcnx said:

The Chinese are investing everywhere they are allowed. Thailand is not special.

Yes. And they should not be allowed invest anywhere where the arrangement is not reciprocal. Which basically mean nowhere. At least Trump and Oz is fighting them, EU is a lame duck and Chinese have bought much of the rest already.

[Lucius verus]

You can't complete a sentence anywhere in the world without the word China popping up. Even Africa is experiencing the Chinese miracle

Wait and see. When the bubble bursts it's likely to be a biggie..

Buy real estate when there's blood in the street.

[DrTuner]

Still wondering why Chinese build casinos the first thing after they colonize a country?

 

https://edition.cnn.com/2019/02/13/opinions/casinos-southeast-asia-intl/index.html

[bendejo]

47 minutes ago, DrTuner said:

Still wondering why Chinese build casinos the first thing after they colonize a country?

 

https://edition.cnn.com/2019/02/13/opinions/casinos-southeast-asia-intl/index.html

 

In the US some Christian people consider gambling a sin, so they slink into casinos and hope God doesn't notice.  With Chinese people they'll stop at the little shrine at the entrance of the casino, offer some incense and prayers for good luck.

Two completely different perspectives.

 

Some years ago someone did a mural in NYC's Chinatown portraying the story of the Chinese people's coming to America, with scenes of working the railroads, panning for gold, etc.  But the big image dominating the mural was a poker hand.  Man, I wish I took a picture of it, back in the 80s, that building is probably gone now.