Chinese, Russians Rank Among Top Condominium Buyers in Thailand as Tourists Return
- Sales surge 38% to 10,703 units in the first nine months
- Chonburi, Bangkok, Phuket preferred locations for foreigners
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Chinese and Russians have topped the list of foreign buyers of condominiums in Thailand this year, with sales surging in tourist hotspots like Bangkok, Pattaya and Phuket.
A total of 10,703 units worth 52.3 billion baht ($1.5 billion) were sold in the nine months through September from a year earlier, according to the Real Estate Information Center. That’s a 38% jump from a year ago, the center, managed by state-owned Government Housing Bank, said.