Chinese buyer interest and property purchasing intent in Thailand has risen 180%, reports Dot Property Group (5 August 2015). This increase, based on the Juwai Chinese Purchasing Intent Index, affirms the Chinese surge in Thai properties in the past half year. Juwai data also revealed that Thailand is now the 9th most popular investment destination abroad for Chinese investors, and Pattaya, Koh Samui, Phuket, Chiang Mai, and Bangkok currently reign as their favourite hotspots. According to Andrew Taylor, co-CEO of Juwai.com, “Chinese buyers are taking advantage of their strong currency and proximity to Thailand to invest in vacation homes and investment properties.” With a new high of US$661,062 as the average price of properties Chinese buyers are looking at in Thailand, we foresee a significant economic impact on the Thai economy.
