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Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.
Thailand was the fourth-most-popular country for Chinese property investment in 2018, according to Juwai. With $2.3 billion coming in from Chinese sources, the Southeast Asian nation ranked behind only the U.S. ($30 billion), Hong Kong ($16 billion) and Australia ($14 billion.)
According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.
The impact of Thailand’s elections on its market and economy from CNBC.
That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holiday…
Danish physicist and Nobel laureate Niels Bohr famously quipped that “prediction is very difficult, especially if it’s about the future”.
However this year will bring significant changes in the Bangkok property market, slower growth in many sectors and an incoming wave of new supply, according to CBRE, the international property consultancy.
The race for increasingly rare sites is still hot with the increase in land prices and scarcity of freehold land in prime locations.
However, with new regulations on the horizon and a new Bangkok City Plan scheduled to take effect in 2020, developers are taking a step back to assess the situation.New regulations and uncertainties
The real estate market will face a series of challenges, including a higher policy interest rate, tighter mortg…
China’s continued economic slowdown is reshaping the country’s real estate market, as investor confidence remains high.(more…)