REIC releases survey results for the 3rd quarter of 2023. China stands alone in transferring condominium units. (Condominium) in Thailand Chonburi wins over Bangkok. Keep an eye on Myanmar. Indicating that overall, foreigners purchase 3,500 units per quarter. Higher than the COVID outbreak where there were only 3,300 units per quarter.

China stands number one in transferring Thai condominium units. Chonburi wins over Bangkok.

Real Estate Information Center (REIC), Government Housing Bank The report on the situation of condo ownership transfers for foreigners in the third quarter of 2023 found that there were 3,365 units worth 17,048 million baht. In addition, it was found that condominium ownership transfer units (condominiums) owned by foreigners were most spread out in Chonburi Province, with The proportion was 41.7%, while Bangkok was second with a proportion of 37.5%.

Both provinces have a combined proportion of units and value as high as 79.2%. It is noted that Chonburi has recently moved up to number 1 in 2023, which is different from the period 2018-2022 when Bangkok used to be the province with the number 1 distribution of foreign ownership transfers and a high average proportion. to 48.8%, while Chonburi is ranked 2nd with an average proportion 30.8% for number 3 is Phuket 3 with a proportion of 6.4%, moving up to replace Samut Prakan, which had been number 3 in the previous year.

Chinese buyers transferred ownership of condominiums nationwide the most in the first nine months, with a total of 4,991 units or 46.6% of all units. And in second place is Russia with 962 units, accounting for 9.0%. Next in third place is the United States, with 422 units, accounting for 3.9%. Ranking number 4 is Taiwan, with 378 units, accounting for 3.5%. And in fifth place is France, with 372 units. Accounting for a proportion of 3.5% respectively, the number 1 and 2 nationalities correspond to the unit and the condominium ownership transfer value.

By the value of Chinese ownership transfer It has the highest value of 24,740 million baht, accounting for 47.3% of the total value. And the second place is still a buyer of Russian nationality with a value of 3,436 million baht, accounting for 6.6%, but the third place is a buyer of Myanmar nationality, worth 2,250 million baht, accounting for 4.3%. The 4th place is a buyer of United States nationality in value. 2,102 million baht, accounting for 4.0%, and 5th place is Taiwanese nationality, valued at 1,841 million baht, accounting for 3.5%, respectively.

Mr. Wichai Wiratkaphan, Government Housing Bank Inspector and Acting Director of the Real Estate Information Center commented, “In the 3rd quarter of 2023, we have seen the average of condominium ownership transfer units for foreigners being approximately 3,500 units per quarter. This is higher than before the COVID-19 outbreak when the number was around 3,300 units per quarter.

It shows that the situation of transferring ownership of condominium units for foreigners is starting to return to a good condition and starting to become normal. Data from the first 9 months of this year shows that The areas where foreign homebuyers want to buy condominiums are still the main provinces and provinces that are important tourist cities and Chinese buyers. and Russia is an important group of buyers in the country.

In addition, buyers from the United States, European countries and neighboring countries It is another group that is popular to buy condominiums in Thailand. This is in line with the group of tourists who like to visit Thailand. Therefore, the government has issued measures. “Temporary free visas” for tourists from China, Kazakhstan, India and Taiwan are an important factor that may help create more opportunities to buy condominiums for all groups of foreigners.

Source:https://www.thansettakij.com/real-estate/584043

at 25/12/2023

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