Financial Tsunami for Thailand

[bowerboy]

With the Chinese Yuan likely to devalue by 10% then what impact will that have on Chinese Tourism?

 

What impact will it have on the price of all those condos being built for the Chinese market in Bangkok? The price of those condos won’t look so attractive anymore.

 

What if those same condo owners renting them out as Air BnB’s get arrested for not completing the TM30 forms and that whole fiasco starts hitting Chinese social media?

 

What if all the Chinese condos owners want out in a hurry for all the above reasons?

 

Thailand may be on the brink of its comeuppance.

[Peterw42]

Nobody gets arrested for not doing a TM30.

 

Most Chinese come for a couple of week stay, they are not extending their stay so will never be asked for a TM30. Most tourists dont buy condos.

 

Yes a devalued yuan will probably have some effect on tourism but it may also increase demand for cheaper airbnb style accommodation and Chinese in general will be selling more of their products to the world as the products will be cheaper, some may end up with more money in their pocket.

 

 

[bowerboy]

Many articles in the news recently about Chinese driving the condo market in Bangkok.

 

Chinese Buying condos in Saphan Kwai and Huay Kwang and renting them out to Chinese tourists as Air BnB is a big business now for the Chinese.

[Naam]

2 hours ago, bowerboy said:

Thailand may be on the brink of its comeuppance.

Quote

Financial Tsunami for Thailand

filed #3,749 under "Farangs' wet dreams what might bring the Baht down".

[bowerboy]

6 hours ago, Naam said:

filed #3,749 under "Farangs' wet dreams what might bring the Baht down".

 

I get paid in Thai Baht....and send a big chunk of it home every month. Why would I want the Baht to fall?

Edited August 6, 2019 by bowerboy
Eror

[bowerboy]

9 hours ago, Peterw42 said:

 

Yes a devalued yuan will probably have some effect on tourism but it may also increase demand for cheaper airbnb style accommodation and Chinese in general will be selling more of their products to the world as the products will be cheaper, some may end up with more money in their pocket.

 

What you are describing is a zero sum game which is essentially what he devaluation is for....they might sell more (sell the same probably, sell more is doubtful)...but that extra income would be offset in the depreciation (if wanting to use that money to travel or invest overseas which is the point under discussion)