{"id":22512,"date":"2016-08-10T18:29:52","date_gmt":"2016-08-10T11:29:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/explained-the-rise-in-chinese-demand-for-thai-real-estate\/"},"modified":"2016-08-10T18:45:59","modified_gmt":"2016-08-10T11:45:59","slug":"explained-the-rise-in-chinese-demand-for-thai-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/explained-the-rise-in-chinese-demand-for-thai-real-estate\/","title":{"rendered":"Explained: the rise in Chinese demand for Thai real estate"},"content":{"rendered":"


\nChinese real estate investors are heading to Thailand in a big way \u2013 here\u2019s why
\nPattaya has seen increased demand from Chinese investors. Image credit: Prachanart Viriyaraks
\nThailand has seen a significant increase in\u00a0investor interest from China over the past year, according to\u00a0Juwai.com, the Chinese international property portal.
\nThe explanation for the\u00a0soaring\u00a0demand can be attributed to the travel bug.
\n\u201cThe rapid growth in tourism is contributing to growing Chinese real estate investment,\u201d says Charles Pittar, CEO of Juwai.com, noting that Thailand ranked sixth among the list of countries that Chinese travellers would like to visit this year, above the likes of France and Singapore.
\nWhile enquiries for all the top Thai destinations have grown significantly over the past year, two destinations in particular stand out.
\n\u201cThe real battle over the past 12 months has been between Bangkok and Pattaya,\u201d Pittar said. \u201cToday, Pattaya property receives about twice as many buyer leads as Bangkok property.\u201d
\nCharles Pittar
\nFrom the second quarter of 2015 through the second quarter of 2016, Pattaya climbed from 100 to 209 on the index, which means it has attracted the most number of enquiries among all locations in Thailand.
\nThe Thai capital soared from 100 to 296 on the Juwai.com Chinese Purchasing Intent Index, which measures Chinese buyer interest in a given location by tracking their online property hunting activities.
\nIt\u2019s a remarkable turnaround in general for the kingdom, which has turned off Chinese buyers since political upheavals rocked the kingdom in 2014. The Chinese Purchasing Intent Index has reportedly grown more than twice for the top five Thai destinations over the past year.
\nSo why are Chinese buyers so enamored with Thailand now?
\nTo the Chinese, Pittar explains, Thailand is \u201ca welcoming, nearby country with an attractive lifestyle at an affordable price point,\u201d also noting that Chinese nationals represent 27 percent of all tourist visas in Thailand, a 60 percent increase from the previous year.
\nThe low cost of living has also been a draw for China\u2019s real estate buyers.
\nIn a survey, Juwai.com found that buyers who have inquire about Thailand have a budget of USD241,000 on average, as opposed to the worldwide average budget of USD700,000.<\/p>\n

Read next: This South Korean city is seeing an influx of Chinese investments
\n
\nSource : property-report.com
\nRead more…Explained: the rise in Chinese demand for Thai real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese real estate investors are heading to Thailand in a big way \u2013 here\u2019s why...<\/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-22512","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\/p75ss1-5R6","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":22512,"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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The number of enquiries in China about Thai property listings in January was close to the record set a year ago,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22512"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22512"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}