Post by account_disabled on Jan 8, 2024 5:56:37 GMT
As a result of the economic slowdown and unstable politics in Thailand, the demand for real estate has increased. Especially condominiums decreased. Contrary to the number of condominiums with a continuously increasing proportion As a result, consumers are afraid that it will repeat the "Tom Yum Kung" style of more than 20 years ago. Mrs. Kamonphat Sawangkit, General Manager of Thailand DDproperty.com revealed that the real estate market overview In Thailand at this time there is still stability and can still grow. There is no tendency for the bubble to repeat itself. This is because business operators are watching out and following the situation closely. and delaying the launch of new projects But bring projects that have been completed but not yet sold out to resale again and organize promotions to reduce prices a lot. Or let them move in for free for 2 years and pay the down payment later. "At the same time, the 'opportunity' customer group is foreigners. Interested in buying a condo? Thailand is a small amount. Both buy to live in yourself and buy for investment. Because Thailand is a place where investment is very convenient. compared to Malaysia that specifies that foreigners can invest in real estate At a price of not less than 8-10 million baht or more only. While Thailand has a budget of only 1-5 million baht, you can already invest in it. Therefore making the reservation to own a condominium It's easier to do in Thailand.
In addition, Thailand is attractive to foreigners in many ways, such as delicious food. There Job Function Email Database are many beautiful temples that attract Chinese people to worship. At the same time, Scandinavians or Europeans like to stay long-stays in Thailand because of the warm weather. and has beautiful tourist attractions.” According to information from the Bank of Thailand (BoT), Chinese people play a greater role in the Thai real estate market. Both in the form of purchasing condominiums for living. Office building rental Including investments by Chinese entrepreneurs through joint ventures with Thai entrepreneurs. The purchase of housing by Chinese people in 2018 expanded quite significantly from 2017, as reflected by the value of money transferred to buy condominiums in Thailand by Chinese people in 2018 at 39,178 million baht, accelerating from 23,621 million baht in 2017 (expanded 65.9% from the previous year), accounting for 43% of the value of money transferred to purchase condominiums by foreigners and 12% of the value of transferring ownership of Thai condominiums throughout the country. Increased from 2017 at 9%, higher value proportion reflect that Chinese buyers play an important role in the Thai real estate market. The location is popular among Chinese people. namely the central business districts of Bangkok and Chiang Mai and the seaside areas of Pattaya and Phuket. Especially projects that have guaranteed returns. Even though Chinese customers' demand for housing is increasing But information from entrepreneurs and statistical data Found that there are still no signs of bubbles.
or real estate prices that is abnormally high in the said area In addition, there has not been any problem of discarding reservation forms from retail customers who purchase for investment or to live there themselves. This may be because developers charge Chinese people a down payment rate as high as 25-30% of the condominium price. This is higher than the down payment rate collected from Thai customers, which is approximately 10% to prevent risks in this area. However, there may be some problems with abandoning reservations from Chinese juristic customers who come to lease condominium buildings on floors or buildings for Supports Chinese tourists or to sell directly to the Chinese themselves But overall it is still considered a small part. The highlight that makes Thai real estate popular with Chinese customers is because Thailand's real estate prices are still cheaper than neighboring countries like Hong Kong or Singapore. There are also laws that facilitate foreign ownership of real estate, such as - No minimum purchase price limit which from abroad in Malaysia must be purchased at a price of not less than 8-16 million baht - receive ownership of a residence which is different from China or Vietnam where only long-term rental rights are granted - there is no tax on the purchase of real estate by foreigners. Like in foreign countries, for example, Singapore must pay 20% and Hong Kong 30%. Especially like in Singapore, foreigners must pay taxe.
In addition, Thailand is attractive to foreigners in many ways, such as delicious food. There Job Function Email Database are many beautiful temples that attract Chinese people to worship. At the same time, Scandinavians or Europeans like to stay long-stays in Thailand because of the warm weather. and has beautiful tourist attractions.” According to information from the Bank of Thailand (BoT), Chinese people play a greater role in the Thai real estate market. Both in the form of purchasing condominiums for living. Office building rental Including investments by Chinese entrepreneurs through joint ventures with Thai entrepreneurs. The purchase of housing by Chinese people in 2018 expanded quite significantly from 2017, as reflected by the value of money transferred to buy condominiums in Thailand by Chinese people in 2018 at 39,178 million baht, accelerating from 23,621 million baht in 2017 (expanded 65.9% from the previous year), accounting for 43% of the value of money transferred to purchase condominiums by foreigners and 12% of the value of transferring ownership of Thai condominiums throughout the country. Increased from 2017 at 9%, higher value proportion reflect that Chinese buyers play an important role in the Thai real estate market. The location is popular among Chinese people. namely the central business districts of Bangkok and Chiang Mai and the seaside areas of Pattaya and Phuket. Especially projects that have guaranteed returns. Even though Chinese customers' demand for housing is increasing But information from entrepreneurs and statistical data Found that there are still no signs of bubbles.
or real estate prices that is abnormally high in the said area In addition, there has not been any problem of discarding reservation forms from retail customers who purchase for investment or to live there themselves. This may be because developers charge Chinese people a down payment rate as high as 25-30% of the condominium price. This is higher than the down payment rate collected from Thai customers, which is approximately 10% to prevent risks in this area. However, there may be some problems with abandoning reservations from Chinese juristic customers who come to lease condominium buildings on floors or buildings for Supports Chinese tourists or to sell directly to the Chinese themselves But overall it is still considered a small part. The highlight that makes Thai real estate popular with Chinese customers is because Thailand's real estate prices are still cheaper than neighboring countries like Hong Kong or Singapore. There are also laws that facilitate foreign ownership of real estate, such as - No minimum purchase price limit which from abroad in Malaysia must be purchased at a price of not less than 8-16 million baht - receive ownership of a residence which is different from China or Vietnam where only long-term rental rights are granted - there is no tax on the purchase of real estate by foreigners. Like in foreign countries, for example, Singapore must pay 20% and Hong Kong 30%. Especially like in Singapore, foreigners must pay taxe.