A view of the business district is seen from the rooftop of the Baiyoke Sky Hotel in Bangkok, Thailand on April 29, 2020. Photo by Reuters
Condo transfers from Chinese buyers in Thailand are expected to remain at less than 40% of foreign transfers for the second consecutive year, as tourism from the nation softens and the recent earthquake dampens confidence.
Chinese buyers’ condo transfers accounted for 39% of total international transfers last year, marking the first time in five years the figure dropped below 40%. The share of condo transfers from Chinese buyers was 61% in 2020, then fell to 58% in 2021 and 49% in 2022.
Patcharaphot Nuntramas, chief economist at Krungthai Compass,…
