Popular Post snoop1130 Posted January 4, 2023 Popular Post Share Posted January 4, 2023 PHOTO: MGR Online The reopening of China to international travel for the first time in three years following the announcement to lift the stringent COVID-19 lockdown measures from January 8th onwards has garnered significant attention globally, including in Thailand. The Thai tourism and real estate industries are eagerly hoping that the return of Chinese travelers will revive the battered market conditions instantly, as some expect that more than five million Chinese will flood into the country throughout 2023. In particular, the condominium market is expected to see better activity than the high-end housing market, as laws allowing foreign ownership of up to 49% of condominium units have helped boost the market. Full Story: https://thepattayanews.com/2023/01/04/chinese-buyers-bring-back-hope-for-thailands-condominium-market/ -- © Copyright The Pattaya News 2023-01-04 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 3 Link to comment Share on other sites More sharing options...
Popular Post aussienam Posted January 4, 2023 Popular Post Share Posted January 4, 2023 Time for money laundering on steroids to return!!! 4 1 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted January 4, 2023 Popular Post Share Posted January 4, 2023 Chinese Buyers Bring Back Hope for Thailand’s Condominium Market...........not if you live in a condo they don't 7 2 4 Link to comment Share on other sites More sharing options...
tomazbodner Posted January 4, 2023 Share Posted January 4, 2023 37 minutes ago, snoop1130 said: The Thai tourism and real estate industries are eagerly hoping that the return of Chinese travelers will revive the battered market conditions instantly, The second they land, they'll buy 10 condos each, or how should I read the above? 1 1 Link to comment Share on other sites More sharing options...
Cricky Posted January 4, 2023 Share Posted January 4, 2023 58 minutes ago, snoop1130 said: Chinese Buyers Bring Back Hope for Thailand’s Condominium Market Yeah, right, bring back hope to those greedy property developers. 1 Link to comment Share on other sites More sharing options...
Popular Post Blumpie Posted January 4, 2023 Popular Post Share Posted January 4, 2023 I'm not sure about that. It sounds like China is hurting really bad right now. They are having some serious growth issues. Not to mention half of them don't even own a passport right now because the office was closed for 3 years. 3 Link to comment Share on other sites More sharing options...
ozimoron Posted January 4, 2023 Share Posted January 4, 2023 (edited) Between the Russians and Chinese I expect a renaissance in Pattaya condo prices and rents. I'm not happy. Edited January 4, 2023 by ozimoron 2 Link to comment Share on other sites More sharing options...
phetphet Posted January 4, 2023 Share Posted January 4, 2023 22 minutes ago, Blumpie said: I'm not sure about that. It sounds like China is hurting really bad right now. They are having some serious growth issues. Not to mention half of them don't even own a passport right now because the office was closed for 3 years. Maybe. But the sheer numbers mean there will always be plenty with money who want to get it out from under Xi's control. Add in the criminal element as we have seen recently and you have a lot of money sloshing about, looking for a safe place outside China. Be it a condo or a business, 1 Link to comment Share on other sites More sharing options...
Blumpie Posted January 4, 2023 Share Posted January 4, 2023 40 minutes ago, phetphet said: Maybe. But the sheer numbers mean there will always be plenty with money who want to get it out from under Xi's control. Add in the criminal element as we have seen recently and you have a lot of money sloshing about, looking for a safe place outside China. Be it a condo or a business, I agree there is a sheer number from that gargantuan population that could go there. I just openly wonder if they CAN get there. Time will tell - my opinion doesn't matter, what happens will happen. By the way, they will not live there full time, and I still fail to see how buying a condo would benefit anyone in their situation. After all, if you're not Thai nobody is going to buy your condo unless you drop the price dramatically. Link to comment Share on other sites More sharing options...
soi3eddie Posted January 4, 2023 Share Posted January 4, 2023 False hope! Hope is all the developers have in selling their overpriced shoe boxes. Doubt very much that there will be a mass purchasing spree by the Chinese with the state of their economy after the last 3 years. 1 1 Link to comment Share on other sites More sharing options...
BayArea Posted January 4, 2023 Share Posted January 4, 2023 all these articles in the past few weeks (tourism, real estate, etc.) would seem to indicate Thailand's economy greatly depends on China's reliance. 1 Link to comment Share on other sites More sharing options...
Soikhaonoiken Posted January 4, 2023 Share Posted January 4, 2023 And we will see all the Chinese gambling dens springing up, and the boys in brown confiscating all there assets and splitting them among themselves... 1 1 Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted January 5, 2023 Popular Post Share Posted January 5, 2023 15 hours ago, snoop1130 said: In particular, the condominium market is expected to see better activity than the high-end housing market, as laws allowing foreign ownership of up to 49% of condominium units So lets illustrate this story with a photo of a housing estate. 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post Salerno Posted January 5, 2023 Popular Post Share Posted January 5, 2023 8 minutes ago, mikebell said: So lets illustrate this story with a photo of a housing estate. It's the view from the balcony 1 3 Link to comment Share on other sites More sharing options...
nigelforbes Posted January 5, 2023 Share Posted January 5, 2023 6 hours ago, Soikhaonoiken said: And we will see all the Chinese gambling dens springing up, and the boys in brown confiscating all there assets and splitting them among themselves... Commonly known in economics as the wealth transfer trickle down principle. :)) 1 Link to comment Share on other sites More sharing options...
lujanit Posted January 5, 2023 Share Posted January 5, 2023 After purchasing a condo the Chinese owner will immediately list it on Airbnb. There goes another neighbourhood. 1 1 Link to comment Share on other sites More sharing options...
ezzra Posted January 5, 2023 Share Posted January 5, 2023 13 hours ago, ozimoron said: Between the Russians and Chinese I expect a renaissance in Pattaya condo prices and rents. I'm not happy. You would be if you're a property owner wanting to sell condos to the Chinees and Myanmar people that are also now a strong buyers of condos in Thailand i read in a local publication... Link to comment Share on other sites More sharing options...
Laughing Gravy Posted January 5, 2023 Share Posted January 5, 2023 19 hours ago, snoop1130 said: The Thai tourism and real estate industries are eagerly hoping that the return of Chinese travelers will revive the battered market conditions instantly, It was only recently the estate industries were saying how well the market was and property keeps going up. So now they are saying it is a battered market. They are like the Chinese, they lie and lie even more.???? 1 Link to comment Share on other sites More sharing options...
ozimoron Posted January 5, 2023 Share Posted January 5, 2023 19 minutes ago, Laughing Gravy said: It was only recently the estate industries were saying how well the market was and property keeps going up. So now they are saying it is a battered market. They are like the Chinese, they lie and lie even more.???? You mean the Thai property market hasn't been battered these last couple of years? Link to comment Share on other sites More sharing options...
Laughing Gravy Posted January 5, 2023 Share Posted January 5, 2023 4 minutes ago, ozimoron said: You mean the Thai property market hasn't been battered these last couple of years? No, I mean the estate industries were saying how marvelous the industry has been the last few years. Now it is battered. Of course it is battered, it means that they have been telling 'porkie pies' for the last few years then. Link to comment Share on other sites More sharing options...
tjo o tjim Posted January 5, 2023 Share Posted January 5, 2023 I don't get a Thai condo as a way to store assets outside of China. They aren't really that liquid. Sure, it is a good way to have a place outside of China's control (especially for Hong Kong people), at least to a degree-- but does that really do much? As an "investment" renting it out it generally seems even worse, but if it is just for "walking around" money then I guess the rules are different. The airbnb/zero dollar tourist market seems even harder to make work today. Link to comment Share on other sites More sharing options...
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