{"id":13206,"date":"2016-05-16T14:04:30","date_gmt":"2016-05-16T07:04:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/coming-out-in-droves-chinese-property-investors-flock-to-phuket\/"},"modified":"2016-05-16T14:14:35","modified_gmt":"2016-05-16T07:14:35","slug":"coming-out-in-droves-chinese-property-investors-flock-to-phuket","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coming-out-in-droves-chinese-property-investors-flock-to-phuket\/","title":{"rendered":"Coming out in droves: Chinese property investors flock to Phuket"},"content":{"rendered":"


\nThe leisure destination\u2019s\u00a0close proximity to Mainland China is the x-factor
\nImage credit: BBC.com
\nProperty buyers from China could be flocking to Phuket if the CEO of China\u2019s largest international property website is to be believed. Charles Pittar, CEO of\u00a0Juwai.com, told the\u00a0Phuket News\u00a0that he is predicting interest in Phuket property from Chinese buyers to increase substantially.
\n\u201cThe past 12 months have seen strong growth in Chinese interest in Phuket, which they have really only discovered in big numbers during the last couple of years,\u201d Pittar explained. \u201cThe real estate industry in Phuket should use this time to improve its ability to reach and to service buyers from China.\u201d
\nChinese overseas real estate investment has grown significantly in recent years increasing from USD5 billion in 2010 to USD52 billion in 2014. The\u00a0Phuket News\u00a0noted the figure could rise to be as much as USD220 billion by the end of the decade.
\nMore: Meet the billionaire who fell in love with Phuket
\n\u201cA large number of buyers who haven\u2019t yet purchased an overseas property will in the next couple of years as they begin to have that opportunity. Those agents and developers who are in a position to help these buyers will benefit most,\u201d Pittar stated. \u201cMost Chinese enquiries come from investor-minded buyers. Their top three priorities are return on investment, ease of management and quality of facilities and neighbourhood.\u201d
\nPittar has received feedback from Chinese property investors that indicated one reason Thailand\u2019s popularity is increasing is because of its proximity to their homeland. In addition to this, the holiday atmosphere, especially in Phuket, makes it an ideal place to purchase a residence that can be used as a getaway spot.
\n\u201cOverall, our buyers prefer new property rather than existing homes. They are looking for as much in terms of luxury finishes and services as they can get for their money,\u201d Pittar pointed out.
\n\u201cThailand is almost purely a lifestyle and investment destination, unlike say the US or the UK, where one of the top motivations is to purchase a home for their children to live in while in the country for their education.\u201d
\nThis article was first published by\u00a0DDproperty.com on 13 May 2016.
\n
\nSource : property-report.com
\nRead more…Coming out in droves: Chinese property investors flock to Phuket<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The leisure destination\u2019s\u00a0close proximity to Mainland China is the x-factor Image credit: BBC.com Property buyers...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-13206","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3r0","jetpack-related-posts":[{"id":42603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-are-becoming-investors-first-tourists-second-in-thailand\/","url_meta":{"origin":13206,"position":0},"title":"Chinese are becoming investors first, tourists second in Thailand","date":"February 2, 2017","format":false,"excerpt":"\r That is, if Beijing\u2019s capital controls don\u2019t catch them first Phuket, one of the most popular destinations for Chinese property investors in Thailand. 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