Chinese Investors Confident About Thailand’s Long Term Economic Potential

Business

Travellers can save big by staying at 4 star hotels in Phuket Patong Beach that offer luxurious accommodation for a fairly affordable price. Thailand is a popular country for travellers and Chinese property buyers who want to invest in Bangkok, Chiang Mai, Pattaya and Phuket.

According to Carrie Law, chief executive and director of Juwai.com, a Chinese international property portal, many property buyers are inquiring about Thai properties with quality, lifestyle and investment prospects. Chinese investors are looking for appealing overseas properties within the price ranges that are available in Thailand.

Ms. Law said that the ongoing infrastructure developments in Thailand are giving Chinese investor’s confidence on the kingdom’s long term economic potential. There is a lack of investment opportunities within China that is why investors are shifting their focus to Thailand.

The ongoing trade war between the United States and China is the key driver why Chinese investors prefer Thailand over the US. Last year was the first time where the most inquiries about Thailand were registered by Juwai.com. There were more than 3.1 million searches on the website from Chinese-speaking users monthly. The website showcases 2.8 million listings from 90 countries.

Ms. Law estimates that there were 30,000 new Bangkok apartments that were sold to Chinese buyers from the mainland and Hong Kong in 2018. These investments account for at least 50% of all foreign buyer purchases in Bangkok. If the Chinese buyers invested in condo units with an average price of 5 million baht, the total investment for 2018 by mainland and Hong Kong Chinese buyers is about 75 million baht.

Bangkok, Chiang Mai, Pattaya, Phuket, Sattahip and Samui are the top 6 most searched cities of Thailand. Most of the searches are inquiring about properties for investment followed by personal use including retirement, education and rentals.

If you are searching for luxury accommodations, look no further than 4 star hotels in Phuket Patong Beach where you can experience luxury and convenience for a very affordable price. A suite includes a large bedroom with a pool view, separate living room and kitchen, free Wi-Fi access, satellite/cable TV, large bathroom and temperature control functions.