Chinese buyers drive condo sales in Thailand

[snoop1130]

 

Thailand’s property sector is hopeful that PM Sretta Thavisin’s plan to offer free visas to Chinese and Indian tourists will boost condo sales. Nation Thailand reports that the Real Estate Information Centre welcomes Srettha’s free visa plans, seeing it as a positive development for Thailand’s property sector.

 

Acting director Wichai Wiratkapan says he expects the sector to recover slightly from the economic slowdown and the strict financial institution regulations affecting borrowing.

 

He says a number of factors have affected supply and demand in the property sector over the last two quarters. In addition to the sluggish economic recovery, they include interest rate hikes and rising household debt to GDP ratio.

 

By Peter Roche

Caption: FILE PHOTO

 

Full Story: https://phuket-go.com/phuket-news/national-news/chinese-buyers-drive-condo-sales-in-thailand/

 

-- Phuket GO 2023-09-01

 

- 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.

 

Get our Daily Newsletter - Click HERE to subscribe

[khunjeff]

The property sector manages to turn every piece of news and rumor into a reason why real estate is about to enter a boom cycle, and the media keep faithfully repeating their press announcements as though they're based in reality rather than wishful thinking.

[PETERTHEEATER]

Some Chinese developers drive Porche Cayennes.

[GypsyT]

There should be listing of race, ethnicity, religion, ages and income who lives on every address, like in Florida ????

Then you can pick your poison... or avoid it.

 

 

Edited September 1, 2023 by GypsyT

[hotchilli]

11 hours ago, snoop1130 said:

Thailand’s property sector is hopeful that PM Sretta Thavisin’s plan to offer free visas to Chinese and Indian tourists will boost condo sales.

Chinese need to launder their ill-gotten gains somehow.

[2baht]

10 minutes ago, hotchilli said:

Chinese need to launder their ill-gotten gains somehow.

The insurgency is getting comfortable!

[wombat]

57 minutes ago, hotchilli said:

Chinese need to launder their ill-gotten gains somehow.

I was going going to ask the dumb @$$ question of how do the Chinese get big money out of China ...your post will suffice 

[Burma Bill]

8 hours ago, wombat said:

I was going going to ask the dumb @$$ question of how do the Chinese get big money out of China ...your post will suffice 

Huge sums of money from the Chinese casinos, other on-line gambling interests, scamming call centres and human trafficking near the Thai border??? Mainland China not involved.

Edited September 2, 2023 by Burma Bill
additional information