Thailand is the third most popular country for Chinese property buyers, who acquired real estate across Asia for US$32.9 billion in 2017 according to, reports Investvine (7 September 2018). Juwai's report also states that China's upper-middle-class buyers are a key driver of the rapid growth in Southeast Asian investment last year. Countries such as Thailand, Hong Kong, Singapore, Malaysia, Indonesia, India and Japan recorded increase in investments in 2017.