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Bangkok Post
Bangkok Post
Business

RARE PHOTOS: Chinese spent b15bn on thai condos from jan aug - The Real Truth

A man jogs in Benjakiti Park in Bangkok, with modern skyscrapers in the background. (Photo: Wichan Charoenkiatpakul)

Chinese buyers top the table of foreign condominium purchasers in Thailand, buying up 15 billion baht worth of property in the first eight months of this year.

Some 770,000 condo units are currently on the market, with the figure expected to rise by 14% to 876,000 by 2025, according to Suphin Mechuchep, chairwoman of Jones Lang LaSalle (Thailand), a professional services firm specialising in real estate.

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