China is the champion in transfer payments of over 16.9 billion baht.

China is the champion, transferring over 16.9 billion baht to transfer ownership of condominiums. of foreigners in the first 6 months of 2023, showing signs of recovery, transfer value increased by 24.5 percent.

Mr. Wichai Wiratkaphan, Government Housing Bank Inspector and Acting Director of the Real Estate Information Center revealed that the transfer of condominium ownership by foreigners in the second quarter of 2023 increased by 53.4 percent and in the 6-month period increased by 65.6 percent compared to The time period of 2022 comes from the country having fully opened since the second half of 2022, resulting in foreign home buyers who had previously entered into sales contracts being able to return to receive ownership transfers. has increased

There is also an increase in the number of foreigners who purchase completed condominium units from developers. The proportion of units transferring ownership of foreign condominium units in the first 6 months of 2023 has increased to 14.7 percent from only 10.8 percent. in 2022 and the proportion of foreign ownership transfer value of condominiums has increased to 24.5 percent from 20.5 percent in 2022.

“Chinese buyers are still the number 1 group with foreign condo ownership transfers and value, with proportions of 47.0 and 48.3 percent, respectively. Russian nationals are the number 2 group. The proportions were 9.6 and 7.3 percent, respectively. In addition, interesting issues were found that In this quarter, Burmese nationals transferred ownership of condominiums with the highest average price per unit at 7.0 million baht, while Indian nationals transferred ownership of condominiums with the largest average size of 89.8 square meters.”

Source: Thai News Agency

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