In the first quarter of this year, ownership of 3,938 condominium units valued at a total of 18.02 billion baht was transferred to foreign buyers.

The Real Estate Information Centre reported on Thursday that both the number of units sold to foreigners and their total value increased by 4.3% and 5.2%, respectively, compared to the same period last year.

Chinese nationals led the foreign buyers, acquiring 1,596 units worth 4.57 billion baht. Myanmar nationals ranked second, with 392 units valued at 2.21 billion baht transferred to them.

Russians were in third place, purchasing 295 condo units worth 924 million baht.

The centre noted that Chinese buyers made up 41% of the foreign market, while Myanmar and Russian buyers represented 10% and 5%, respectively.

Source: The Nation

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The editorial team at Invest Bangkok Property