The Bank of Thailand opens data on foreigners buying condos in Thailand, revealing that in 2022, the transfer amount has surpassed 60 billion, revealing the highest statistics of 7 countries, "Hong Kong-USA" leading, while Mainland China is behind. Keep an eye on "Hong Kong-USA" leading.

On March 26, 2023, reporters reported that The Bank of Thailand (BOT) discloses information on money transfers from foreign countries to buy Thai condominiums. Separated by country or nationality of the account owner, in the past 5 years (2018-2022), it was found that 2018 was considered the year with the highest amount of foreign transfers to buy condominiums worth 91,005 million baht and in 2019, which was the year before. caused by COVID-19 The amount of money transferred to buy condos from foreigners has decreased to 67,596 million baht.

For the year 2020, which is a year affected by the COVID-19 outbreak. It was found that the amount of transfers to buy condominiums from foreigners has decreased to 52,805 million baht and in 2021 has decreased to 44,326 million baht.

As of 2022, when the COVID-19 situation has eased, the country has begun to open up. The amount of transfers to buy condominiums from foreigners entering Thailand has also increased to 63,197 million baht.

However, in the case of remittances from mainland China, it continued to decline from 8,821 million baht in 2018, down to 900 million baht in 2022, while in Hong Kong. began to improve in 2022 with a transfer amount of 12,106 million baht

However, for the year 2022, the total amount of transfers to buy condominiums from foreigners is 63,197 million baht, with foreigners with the highest transfers starting from

1. Hong Kong 12,106 million baht

2. USA 11,607 million baht

3. Singapore 7,827 million baht

4. United Kingdom 5,509 million baht

5. Taiwan 2,353 million baht

6. Japan 1,043 million baht

7. China 900 million baht

Reporters reported that In the case of not much money transfers from China and decreasing However, it will be found that money transfers from Hong Kong are at a high level and will begin to increase in 2022. In addition, according to the data, the number of Britons transferring money to buy condominiums in Thailand continues to increase. Even during COVID-19 In the year 2022, the amount hit was as high as 5,509 million baht, almost twice as high as before the COVID-19 pandemic. The amount transferred was 2,406 million baht.

The BOT stated that the number of foreign tourists and foreigners allowed to work in Thailand reflects the trend foreign demand which if more foreigners come to travel or work in Thailand will attract foreigners interested in buying condominiums in Thailand both for living It is a second home and for rent to foreigners. working in Thailand more

Source:https://www.prachachat.net/finance/news-1243996

Date 27/3/2023