Condominium

• Are Chinese and foreigners ready to come back and buy property in Thailand?

This issue focuses on the perspective of a real estate guru, Mr. Pattarachai Taweewong, Director of Research and Communications, Colliers Thailand, who answers the questions: Will foreign clients return in 2023? Because?

that even in the second half of the latest 2022, the real estate sector in Thailand faced the news of gray Chinese investors, which resulted in a large number of down payments and non-transfer of ownership of Chinese investors, especially in the market high-end real estate.

However, Colliers Thailand’s Research and Communications Department believes that foreign customer management may do better than the past 2 years, but still not return to the same or close to the previous period. virus This is something that takes time due to the impact of virus spreading. not only has it destroyed the Thai economic system but it affects the overall picture of the global economy which has undergone a significant slowdown.

But in 2023, from positive factors, measures to open up the country by the government in the past that allow foreigners to travel to Thailand more conveniently and the country’s opening up and China’s easing measures. It will be an important positive factor for foreign purchasing power which still sees investment opportunities in Thailand. Able to travel, buy, bargain and transfer ownership more affordably next year.

Colliers Thailand’s research and communication department believes that developers should focus more on targeting Thai customers in 2016. 2023 and for overseas purchasing power, sales channels should be increased through various agent platforms. or more online channels To open another sales opportunity in a situation where foreign purchasing power is still not able to enter normally

• 9 months, foreigners occupy 7,290 Thai apartment buildings

The Real Estate Information Center recently disclosed that the transfer of condominium ownership to foreigners accumulated during the 9 months of 2022 showed that there were 7,290 units, an increase of 19.0%, worth 36,986 million baht, with an increase of 24.3%, with an increase of 337,914 square meters of property transfer area, 28.3%, which shows that The situation of ownership transfers of condominium units to foreigners in the year 2022 of the last 3 quarters should show that The overall foreign condominium market is set to recover. And the purchase of condominium units by foreigners in the past has been transferred all the time. There is also new buying pressure from foreigners who are not Chinese buyers to replace the buying pressure of Chinese condos that has also been lost due to recent outbound travel restrictions.