Connect with us


80% of condos in Thailand sold to foreigners, 50% China



PHOTO: The wide majority of Bangkok condos are purchased by buyers from China. (via

A real estate firm is predicting that the market for condos in Thailand hot spots like Bangkok, Phuket, and Pattaya will be rebounding soon with the continued trend of foreign investment, a majority of which are Chinese. China has long been a driving force in purchasing condos in Thailand.

The business development manager of Saensiri is predicting the uptick once Covid-19 outbreaks are wrangled and brought under more control and general vaccinations across the Thai population increases. The manager said that foreigners make up the vast majority of those purchasing condos throughout Thailand, with 80% of the 325 billion baht industry being driven by international buyers.

Of those international buyers, Chinese investors are by far the most dominant purchasers, with 50% of all acquisitions of condos in the last 2 years coming from China and another 30% coming from Hong Kong. The last 20% of buyers also include Taiwanese clients, some American customers, and then mostly buyers from European countries, especially those in the United Kingdom, France, and Germany making purchases of condos.

While statistics show that the majority of westerners look towards purchasing condos in Thailand as a destination for a holiday home, they are still keen on renting out their home when they are not residing in Thailand. On the other hand, the majority of buyers from Hong Kong and China seek to purchase condos in Thailand as an investment and aim to make them purely rental properties.

The real estate firm believes that once Covid-19 is not an issue dominating travel and entry into Thailand, the market will recover swiftly. How soon and how quickly that occurs remains to be seen


For more information on Property Insurance, CLICK HERE


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Neill is a journalist from the United States with 10+ years broadcasting experience and national news and magazine publications. He graduated with a degree in journalism and communications from the University of California and has been living in Thailand since 2014.

Follow Thaiger by email:

Malaysia13 hours ago

Malaysian beauty salon gets makeover as dentistry school

Thailand14 hours ago

Northern floods tragedy – Monks unable to help

Tourism15 hours ago

Xi’s Bangkok APEC trip to open tourist floodgates

Pattaya16 hours ago

Police to curb Pattaya Beach drinking after student gun fight

Phuket16 hours ago

9th and 10th monkeypox infections found in Phuket

Coronavirus (Covid-19)17 hours ago

Face masks still required on public transport, in cinemas

Join the conversation on the Thaiger Talk forums today!
Cannabis News18 hours ago

Pattaya man attacked at gunpoint for selling cannabis

Crime19 hours ago

Police seize 60 suspects in online ‘ghost guns’ sting

Thailand19 hours ago

Bangkok Secret Nightlife – Bangkok Red Light District Secret Museum

Coronation20 hours ago

King Charles III debuts on UK coins

Politics1 day ago

Vladimir Putin officially annexed four parts of Ukraine

Transport2 days ago

Phuket Airport officials pulled tourist from van, insisted they use airport taxi

Thailand2 days ago

Thailand’s strange laws – 10 strange laws in Thailand

Politics2 days ago

The long goodbye – Which way now for PM Prayut?

Pattaya2 days ago

Pattaya Police Chief cleared of vice slurs, back on duty

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11