Chinese Look to Thai Property Market for Safe Investments Amid Uncertainty

[snoop1130]

 

BANGKOK (NNT) - Chinese nationals have been seeking out property purchases in Thailand since Beijing opened its borders this year.

 

Many Chinese are reportedly eager to invest in a residence overseas, keen for a safety net in case of another pandemic, and also to hedge against economic risks.

 

Data from website Trip.com showed that Thailand was the most popular outbound destination for Chinese travelers during the May Labor Day holiday, followed by Japan and South Korea.

 

The kingdom’s reputable international schools and quality medical facilities are also drawing increasing numbers keen to acquire a second home.

 

Thailand expects at least 5 million Chinese visitors this year, with some set to buy property, although the figure is still a far cry from pre-pandemic levels when they made up nearly a third of the 40 million arrivals.

 

Mesak Chunharakchot, President of the Thai Real Estate Association, said: "There is definitely demand from China for properties in Thailand."

 

He added that topping buyers’ lists are locations in major cities such as the capital, Bangkok, along with Chiang Mai in the mountainous north, the east coast beach resort of Pattaya, and the northeastern region of Isan.

 

Although Thai rules limit foreign ownership to just 49% of the units in any condominium development, prospective buyers are pouring in, bringing business to real estate agents who target Chinese buyers.

 

Full Story: https://thainews.prd.go.th/en/news/detail/TCATG230508124043633

 

-- © Copyright NNT 2023-05-08

 

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[stoner]

check out vancouver and richmond bc for what can happen long term. 

[keith101]

And possibly so many more call centers

[dinsdale]

 

I think the Thai Chinese and the Chinese own most of Thailand business and pretty much all condos in Thailand as it is. Russians came in a long time ago but's gone up. Textile is pretty much all East Asia. All partners will be Thai Chinese/Chinese partnerships with Thai Chinese.

 

 

 

[dinsdale]

5 minutes ago, stoner said:

check out vancouver and richmond bc for what can happen long term. 

Love to know what you mean here but I have an idea.

 

[stoner]

18 minutes ago, dinsdale said:

Love to know what you mean here but I have an idea.

 

richmond bc is pretty much chinese now. 

[HauptmannUK]

Chinese are buying everywhere they are permitted to. Cities like  London and Manchester have huge amounts of property now in Chinese hands. Even in small provincial English towns they are buying houses and flats to rent out. 

[dinsdale]

7 minutes ago, stoner said:

richmond bc is pretty much chinese now. 

Yep. Been happening for decades in many places. Once the Chinese buy in that's pretty much it. They'll only sell to other Chinese. 

My brother's in BC right now. Heading to Emerald Lake from VC and then onto Salmon Arms. After Canada heading to Alaska. I'm so jealous. Beautiful part of the world from what I've seen about it.

[stoner]

5 minutes ago, dinsdale said:

Yep. Been happening for decades in many places. Once the Chinese buy in that's pretty much it. They'll only sell to other Chinese. 

My brother's in BC right now. Heading to Emerald Lake from VC and then onto Salmon Arms. After Canada heading to Alaska. I'm so jealous. Beautiful part of the world from what I've seen about it.

bc is amazing and the further north you go the nicer it is. 

 

over half of richmond population is chinese and further 150k plus of the 200k residents are asian. 

 

 

[dinsdale]

33 minutes ago, stoner said:

bc is amazing and the further north you go the nicer it is. 

 

over half of richmond population is chinese and further 150k plus of the 200k residents are asian. 

 

 

Off topic some what I know but I looked at Salmon Arms today stupidly thinking there would be plenty of places you could order a meal of salmon or even rainbow trout (rainbow trout one of my all time favourite fish) but so many restaurants there are asian. Funny how countries are pushing tradition with one hand and profit from 'diversity' with the other. I said when I was at uni 30 odd years ago that China (CCP) are the most dangerous lot of people on Earth. This was when I was doing Chinese politics. Needless to say I had a lot of oppostion but I think I was right then and I think I'm right now. Prayut has nothing on Xi but it's a matter of negative degrees. 

[CartagenaWarlock]

1 hour ago, HauptmannUK said:

Chinese are buying everywhere they are permitted to. Cities like  London and Manchester have huge amounts of property now in Chinese hands. Even in small provincial English towns they are buying houses and flats to rent out. 

Because they have the money? At least they are not looting, pillaging, and taking by force like colonial Europe did in China, Asia,and Africa. Are people jealous that the Chinese have the money to buy property in London and they have to leave their own lands to find a women in a foreign country to survive on a "wify visa" that must be renewed every year. 

[Celsius]

2 hours ago, stoner said:

check out vancouver and richmond bc for what can happen long term. 

 

I'd rather have Chinese living in Canada than British.

[stoner]

29 minutes ago, CartagenaWarlock said:

At least they are not looting, pillaging, and taking by force like colonial Europe did in China, Asia,and Africa.

china is not looting africa ? you might want to do a little reading on that one. just like china isn't strangling south america too ? riiiiiiiiiight they are such wonderful people compared to the evil colonizers. 

 

looting and pillaging can come economically as well you know. 

 

20 minutes ago, Celsius said:

I'd rather have Chinese living in Canada than British.

might suit you better with a move to mainland china. 

[BangkokReady]

2 hours ago, snoop1130 said:

Although Thai rules limit foreign ownership to just 49% of the units in any condominium development

I wonder how many buildings are planned to be at only 49% occupancy... ????

[StayinThailand2much]

17 minutes ago, stoner said:

china is not looting africa ?

And Asia... One prime example is Sri Lanka. Corrupted and bankrupted by China-financed mega-projects, leading to political chaos and economic ruin.

[CartagenaWarlock]

58 minutes ago, stoner said:

china is not looting africa ? you might want to do a little reading on that one. just like china isn't strangling south america too ? riiiiiiiiiight they are such wonderful people compared to the evil colonizers. 

 

looting and pillaging can come economically as well you know. 

Why China would give free loan to African countries? They borrow from China for development and China takes advantage of that. Which European countries don't do that? China has never fired a shot or enslave one person in South America or Africa to forcefully take anybody land or gold or properties. 

[stoner]

2 minutes ago, CartagenaWarlock said:

China has never fired a shot or enslave one person in South America or Africa to forcefully take anybody land or gold or properties. 

ok.

[chacha boom]

1 hour ago, stoner said:

china is not looting africa ? you might want to do a little reading on that one. just like china isn't strangling south america too ? riiiiiiiiiight they are such wonderful people compared to the evil colonizers. 

 

looting and pillaging can come economically as well you know. 

 

might suit you better with a move to mainland china. 

So looting includes finally building roads, rail and hospitals for the African continent? You should know who has been looting in Africa, and strangling in South America...

[chacha boom]

1 hour ago, stoner said:

china is not looting africa ? you might want to do a little reading on that one. just like china isn't strangling south america too ? riiiiiiiiiight they are such wonderful people compared to the evil colonizers. 

 

looting and pillaging can come economically as well you know. 

 

might suit you better with a move to mainland china. 

So looting includes finally building roads, rail and hospitals for the African continent? You should know who has been looting in Africa, and strangling in South America...

[sharksy]

8 hours ago, CartagenaWarlock said:

Why China would give free loan to African countries? They borrow from China for development and China takes advantage of that. Which European countries don't do that? China has never fired a shot or enslave one person in South America or Africa to forcefully take anybody land or gold or properties. 

I've recently been to Sihanoukville in Cambodia.  Apparently, one of the most dangerous cities in the world.  Chinese seem to be pretty much running the show there.  I hear that many of the local Casino workers are not allowed to leave of their free will, also other buildings are housing locals in forced labour doing illegal business.  See Al-Jazeera - Forced to Hack.

 

China is rather threatening toward its neighbour, Taiwan.  Maybe you don't read world news?

 

Maybe you are Chinese.

[neeray]

11 hours ago, dinsdale said:

Love to know what you mean here but I have an idea.

 

I'd be guessing that he is referring to the Chinese buying condos in Vancouver, driving the price up but leaving them empty. Then the condo unit falls into disrepair. But we'll see what he has to say.

[CartagenaWarlock]

Just now, sharksy said:

I've recently been to Sihanoukville in Cambodia.  Apparently, one of the most dangerous cities in the world.

If it is dangerous, it is the fault of Cambodia. But it is not the dangerous city on the World.

 

 

Just now, sharksy said:

China is rather threatening toward its neighbour, Taiwan.  Maybe you don't read world news?

Taiwan is China's province. After looting China, they took the gold and empty the Chinese treasury and fled to Taiwan. So techincally, Taiwan belongs to China it has always been from time antiquity. 

[CartagenaWarlock]

Just now, neeray said:

I'd be guessing that he is referring to the Chinese buying condos in Vancouver, driving the price up but leaving them empty. Then the condo unit falls into disrepair. But we'll see what he has to say.

So, Chinese people have so much money that they can drive up the prices and leave the unit vacant till it deteriorates. Is it Chinese fault or city planners? 

[sharksy]

12 minutes ago, CartagenaWarlock said:

If it is dangerous, it is the fault of Cambodia. But it is not the dangerous city on the World.

 

 

Taiwan is China's province. After looting China, they took the gold and empty the Chinese treasury and fled to Taiwan. So techincally, Taiwan belongs to China it has always been from time antiquity. 

In more recent history, Taiwan for under Japanese Colonial rule as it was ceded to Japan.  I think you must be Chinese, as you have been given a selective education

[hotchilli]

12 hours ago, snoop1130 said:

Many Chinese are reportedly eager to invest in a residence overseas, keen for a safety net in case of another pandemic, and also to hedge against economic risks.

An investment overseas maybe, but they are also looking at renting out to Chinese tourists coming to Thailand.

Thailand hotels etc are going to lose out eventually.

[CartagenaWarlock]

Just now, sharksy said:

In more recent history, Taiwan for under Japanese Colonial rule as it was ceded to Japan.  I think you must be Chinese, as you have been given a selective education

Taiwan and most of China (Eastern China) was under Japanese control, Dutch Control, etc. But it was province since Qing Dynasty and most people are Chinese and speak Chinese. They're not Japanese and don't speak Japanese.

[hotchilli]

12 hours ago, snoop1130 said:

The kingdom’s reputable international schools and quality medical facilities are also drawing increasing numbers keen to acquire a second home.

Second home... maybe in a minority of cases.

They are looking for properties to rent out in the tourism industry to their Chinese friends and tourists alike.

Thai hotels owners will soon see a drop in bookings as Chinese start to own their own accommodation .

[stoner]

42 minutes ago, CartagenaWarlock said:

So, Chinese people have so much money

so much clean money right. you sound like part of a propaganda machine. i assume since you love china and chinese so much you live there. 

[CartagenaWarlock]

50 minutes ago, hotchilli said:

An investment overseas maybe, but they are also looking at renting out to Chinese tourists coming to Thailand.

Same as any other nationalities. And the impact on hotel industry is meagre to none at all. I rented out a condo from a Chinese national though a Thai agent. I don't rent from farang agents because I view them unable to run businesses in their home land due to their characters and had to run away from their homeland. 

[CartagenaWarlock]

28 minutes ago, stoner said:

so much clean money right. you sound like part of a propaganda machine. i assume since you love china and chinese so much you live there. 

I don't love China as  I country but I am not here to bash Chinese, Indian, and Thais to preserve the sensitive egos of farangs who could neither find a women in their own lands or could survive in their home countries and had to flee to a foreign land for brides and survival.