The Thai city of Phuket is set to become the next hotspot for Chinese buyers, says Juwai.com CEO Charles Pittar on the Phuket News (7 May 2016). Thailand – thanks to its appealing quality of life – is fast becoming a destination of choice for Chinese property investors motivated by lifestyle, immigration, and investment purposes. This is unlike the US or the UK, where one of the top motivations is education, whereby they purchase property for children to live in while studying abroad. “Phuket is more like a lifestyle investment, with less expectation of capital gain compared to Bangkok. They can own property by the beach and put that into a hotel-managed rental programme. They can enjoy it for 60 days a year and don’t need to manage it the rest of the time,” said Pittar.
