Condo ownership by foreigners revealed: China tops, UK in third

[arick]

How many billion cheated out of foreigner in the last 3 years? Oh you don't know? 

[hotchilli]

5 hours ago, hioctane said:

Wow. The Chinese own 10x the second closest!

No surprises there considering the connections.

[moe666]

5 hours ago, Enzian said:

Americans not even in the top five, and for sure I won't ever be helping bump up that standing one bit.

 

China delenda est.

even for tourism americans are down on the list, easier to go to mexico for a trip

 

1 hour ago, Boarn said:

Well in my opinion Thailand owes me the Thailand I moved to ????

 

Joking aside this has absolutely nothing to do with race, it's down to behavior, noise made, cleanliness and regard for people in your vicinity.

 

No issue whatsoever with people from Hong Kong, Taiwan or people of Chinese descent not from mainland China, they behave in very different ways. Only talking based on experience, it's sad I know but I suppose their government is to blame for allowing their citizens to be so uncouth and unsophisticated.

 

Yes, maybe people wouldn't want to live next to me, however I never spit in the corridor, scream at ungodly hours of the night, shut at my partner instead of talking, smoke in the elevator, push and shove to get to the food and the list goes on.

You have to rememberwho has been teaching the manors in china the last 30 or 40 years. They killed all the people with manors and education. The manors have been taught by the wild and wooly farmers and people who use to carry around the little red book.

[10baht]

5 hours ago, webfact said:

Top five for real estate ownership were the Chinese with 20,796 units, 2,007 Russian, 1,113 UK, 1,110 French and 825 Japanese.

I really thought the Brits were smarter than that.

[The Hammer2021]

5 hours ago, John Drake said:

Not much American information on this forum. Everything is slanted towards the UK. 

This is America information. It indicates lack of condo ownership.

[CM Dad]

2 hours ago, EricTh said:

I see more Americans than British or Russians in Thailand, why aren't they in the top 5?

Most Americans don't want to live in a condo.  We much prefer homes with no shared walls and with a garden.

[Caldera]

6 hours ago, webfact said:

From 2018 to 2020 this comprised 34,653 units amounting to 1.4 million square meters worth 145 billion baht.

So in average, that's just above 40 square meters per unit. Hardly the high rollers they seek to attract in large numbers.

 

Before the pandemic, they could attract a few ten thousands of low to mid range real estate buyers per year. No way they'll attract 1 million with the much higher requirements they have in mind. 

[micmichd]

5 hours ago, tomyami said:

evergrande thai style

Exactly not. It's quite illegal for foreigners to buy Thai soil forever. And Chinese are foreigners in Thailand. 

Buying a condo does not mean you're the owner of the soil that it's built on. 

[jesimps]

6 hours ago, RafPinto said:

Would be nice to see a survey on farang "home ownership in girlfriends name"

A lot I should imagine. Not so much the Chinese, they tend to marry their own kind.

[newnative]

6 hours ago, hioctane said:

Wow. The Chinese own 10x the second closest!

Let's remember the figures are for the past 3 years only.  

[garet]

5 hours ago, John Drake said:

Not much American information on this forum. Everything is slanted towards the UK. 

These are statistics, not slanted toward or against anyone. Should they slant it toward Americans by saying they own more condos than they do? 

[Bkktodd]

6 hours ago, hioctane said:

Wow. The Chinese own 10x the second closest!

Then they rent them out. Other farangs buy to live in them 

[ozfarang]

The largest number of expats in Thailand are Chinese, 150,000, probably one of the reasons they are top of the list of condo purchases

[Pinot]

No one is buying anything in the Phuket market and the building and on-going environmental disaster continues.  

[Sydebolle]

Well, the origin of the Chinese money is not always as clear as from Japan or the UK ???? 

[Toby1947]

Revised list

1, Mugs

2, Chinese 

3, Russians

4, U.K. Brits

 

[1duckyboy]

No one here has mentioned that many Chinese condo owners own multiple condos that they illegally rent out to short-stay dollar tour chinese tourists. This practice harms local hotels, brings less baht into Thai coffers and displeases on site condo owners. The Base Condos in central Pattaya is a prime example of this. One Chinese owner is said to own 30 condos there.

[The Hammer2021]

2 hours ago, moe666 said:

even for tourism americans are down on the list, easier to go to mexico for a trip

 

You have to rememberwho has been teaching the manors in china the last 30 or 40 years. They killed all the people with manors and education. The manors have been taught by the wild and wooly farmers and people who use to carry around the little red book.

manners!

[ThailandRyan]

Just now, The Hammer2021 said:

manners!

....maketh the man said a Kingsman

[The Hammer2021]

41 minutes ago, Sydebolle said:

Well, the origin of the Chinese money is not always as clear as from Japan or the UK ???? 

China has very strict currency controls

[The Hammer2021]

Just now, ThailandRyan said:

....maketh the man said a Kingsman

ıll Manors

[ThailandRyan]

Just now, The Hammer2021 said:

ıll Manors

is that the name of the cheap hourly rental hotel in Udon Thani on Soi Sampan....

[The Hammer2021]

49 minutes ago, ozfarang said:

The largest number of expats in Thailand are Chinese, 150,000, probably one of the reasons they are top of the list of condo purchases

They live near

[SportRider]

7 hours ago, Boarn said:

Quite sickening that Chinese are allowed to buy, no place for them here with the current government they have. If there were this many Chinese here when I moved in good faith in 2005, I wouldn't have moved. Good faith counts for nothing in Thailand. Glad I never bought a condo, it's a toss of a coin as to who will live next door, these numbers don't put odds in your favor.

???? Chinese people are not their government.

[Stupooey]

The surprising thing to me is seeing the French in fourth place. One would have thought that they would have been more attracted to the countries in the old French Indo-China, where they would have a chance of being able to communicate in their own language (I've found myself before having to speak French in Laos to make myself understood), and also be able to appreciate the baguettes! For every Frenchman I've met in Thailand there must have been about 20 Scandis: perhaps the latter don't buy condos.

[wwest5829]

8 hours ago, hioctane said:

Wow. The Chinese own 10x the second closest!

Nouveau-riche. China has been able to position itself as the number one world producer of low cost goods through a centrally controlled economy and, in a bit of irony, earning capitalist profits from the capitalist west.

[wwest5829]

15 minutes ago, Stupooey said:

The surprising thing to me is seeing the French in fourth place. One would have thought that they would have been more attracted to the countries in the old French Indo-China, where they would have a chance of being able to communicate in their own language (I've found myself before having to speak French in Laos to make myself understood), and also be able to appreciate the baguettes! For every Frenchman I've met in Thailand there must have been about 20 Scandis: perhaps the latter don't buy condos.

Difference in the form of government???

[bkk6060]

4 hours ago, EricTh said:

I see more Americans than British or Russians in Thailand, why aren't they in the top 5?

Probably because they are fairly well educated on real estate markets and purchases.  Buying in a non transparent market with no oversight, military coup government, minimal building standards, and dead money low if any appreciation is something they are not interested in..

[wwest5829]

3 hours ago, moe666 said:

even for tourism americans are down on the list, easier to go to mexico for a trip

 

You have to rememberwho has been teaching the manors in china the last 30 or 40 years. They killed all the people with manors and education. The manors have been taught by the wild and wooly farmers and people who use to carry around the little red book.

can't speak to today but when I was looking to retire from the US a decade ago, other countries on the list were Mexico, Panama Canal Zone and Ecuador. never mind the reality deniers, the USA has been a bi-lingual country since taking half of Mexico, then add in Puerto Rico and Cuba pre Castro.

[wwest5829]

7 hours ago, ThailandRyan said:

Wonder how much of the money used to buy the condos here by Chinese folks is dirty money from Ill gotten gains, scams, or from government stooges.  

Hmmm, I would be tempted to smart off but in light of both the Panama Papers and the recent Pandora investigative reporting ...