The Phuket News Premier League predictions The Phuket News Kata Rocks The Phuket News
The Phuket News Business News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Chinese buyers revel in Thai property

PHUKET: Thailand is attracting the lion’s share of outbound investment in Southeast Asia from mainland China, with Phuket no exception, reports the key online property portal

property, land, Chinese, construction, tourism, economics,

The Phuket News

Sunday 13 August 2017, 11:00AM

Juawai, the largest source for global property in Chinese language with over 2.5 million property listings spanning 89 countries, noted in its "Chinese Global Property Investment Report – July 2017"* that outbound property investment from China last year for the first time surpassed the US$100 billion (B3.327 trillion) mark.

By Juwai estimates that figure followed an increase of some US$80bn in outbound commercial and residential property investment in 2015, an increase of 25.4%.

Sue Jong, Chief of Operations for, explained, “Thailand is the third most popular country in 2017 for Chinese buyers of international real estate. It receives significantly more buyer interest than any other Southeast Asian country, including Malaysia – the next best Southeast Asian performer.

“And the investment into Thailand is growing quickly, with Chinese buyers making 26% more enquiries in the first quarter than a year ago.”

Ms Jong noted, “Thailand is inexpensive and easy to reach, and Chinese buyers like the relatively inexpensive luxury of the city condominiums and resort properties available in Thailand.”

Explaining how Chinese buyers were using their homes abroad, Ms Jong told The Phuket News, “Chinese property buyers in Thailand are focused on investment and lifestyle goals. They feel that in Thailand they can buy a nice place in an attractive location, that they can rent it out and – they hope – that will gain value over time. In vacation destinations like Phuket, they love owning a little bit of paradise.

“In 2016, Thailand ranked sixth for the number of Chinese real estate buying enquiries made. In the first half of 2017 it moved up to third place. Of our buyers, 64.5% say they are motivated by investment, and 63.2% are buying for their own use,” she said, noting they such buyers may choose either motivation, or both.

“Thailand is becoming more popular among Chinese buyers as a result of a steady, years-long trend. It wasn’t as noticeable in earlier years, but even back in 2014 I think people in the industry starting to realize that Chinese buyers were playing a bigger role in the market,” Ms jong explanied.

“That is when the first developers and agents began to prepare marketing materials in Chinese and train their staff to work with Chinese buyers.

“Now, that interest has flowered into larger numbers and is much more noticeable. Chinese appreciate that Thailand is a close and approachable market, relatively affordable and offers an appealing lifestyle.

“Retirement buyers love the high quality of life and low cost of living. Lifestyle buyers like that they can own a vacation home that they can visit for long weekends, and which they can rent out when they are not using it,” she added.

Tourism still plays a vital role in feeding Phuket’s – and Thailand’s – property market. “Many buyers first visited Thailand as tourists,” Ms Jong pointed out.

The push into the Thai property market has also unveiled a new market segment, Ms Jong noted.

“We also see a formerly under-represented buyer appearing in larger numbers. This is the upper middle class Chinese buyer who can’t afford property in more expensive countries,” she said.

“For example, in Sydney, Australia the median dwelling price is about US$916,000, whereas a B9 million new luxury condo in Bangkok works out to about US$270,000. The median inquiry price for our consumers in Thailand this year is $169,000.

“Two-thirds of the Chinese buyers we work with in Thailand are looking at property that costs US$250,000 or less.

“The top three destinations in Thailand for the Chinese consumers we work with are Pattaya, Bangkok, and Phuket. The top three destinations in Bangkok for the Chinese consumers we work with are Sathorn, Sukhumvit and Bang Na,” Ms Jong explained.

“We expect Thailand to see strong buying from Chinese consumers in 2017, and it is currently on track to have the highest investment volume of any year on record,” she said.

* To see the full report, click here.



The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:

Comments Left: Characters
E-mail: (No Hotmail, Live, MSN and Outlook accepted at this time)
   => Forget password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments

New strategy called to counter Phuket drug epidemic

What we daily read is Government's absence of SMART anti drugs policy We read about arrests of mules and simple street dealers Go after the prod...(Read More)

Phuket grandmother’s head crushed under 10-wheeler juggernaut

Pretty clear case going by of just another idiotic, reckless, Thai truck driver, they are all over Phuket, their stupidity is dumbfounding & typic...(Read More)

Phuket grandmother’s head crushed under 10-wheeler juggernaut

This is so common. When will anyone do something to stop the slaughter. To me just one life lost is too many. Everytime this happens it should be enou...(Read More)

Phuket Poll: How should Phuket’s lifeguards be provided?

It doesn't matter which "government office" "local administration" "regional authority" or any other neat little sub...(Read More)

Phuket Poll: How should Phuket’s lifeguards be provided?

As we are constantly reminded Thailand is for Thai's, it is abundantly clear the authorities could care less about tourists safety or the environm...(Read More)

Phuket residents call for end to black wastewater on Surin Beach

As another publication wrote yesterday, Thailand wants to become a 1st world country but never will as it's people have 3rd world mentality. ...(Read More)

Phuket residents call for end to black wastewater on Surin Beach

The first order of business should have been to STOP THE DISCHARGES, with ALL flow from every business being captured in holding tanks (at the busines...(Read More)

Phuket residents call for end to black wastewater on Surin Beach

Pathetic, with the only plans being to "treat" the wastewater (which is doesn't). Still nothing is being done to stop the flows from hap...(Read More)

Phuket residents call for end to black wastewater on Surin Beach

The Romans had sophisticated water and sanitation in 300 BC. The Thai's can't seem to figure out that if your let every house/hotel/business/f...(Read More)

Phuket Gov announce plans to turn Historical Park into floating market

Obviously, they haven't learnt the lesson of the abysmal failure of the Kathu floating market. I agree with Foot's first sentence....(Read More)

The Phuket News
Weird World
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
World Entertainment
Photo Galleries
The Phuket News PHUKET SPORT
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Advertise with us
Pay for advert
Contact us
Content Google Map
Site map
Australian Visa Services
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2018 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.