A list was recently released to the media regarding condo ownership in Thailand and from what countries condo owners originated. Foreigners have purchased approximately 1.4 million condominiums throughout the country. Of those, the top 10 list showed that over half of all foreign-owned condos in Thailand hail from China.
Nearly 730,000 condominiums throughout Thailand are owned by Chinese nationals, just shy of 52% of all foreign-owned condos in Thailand. China topped the list by a huge margin with nearly 10 times more condos being owned by people from the nation than any other country. Figures like this help explain Thailand’s China-centric tourism schemes, often heavily focused on bringing in the Chinese new middle class and their tourism and investment money.
The second most common country for Thai condo ownership is Russia, with over 76,000 homes, about 5.4% of the total…
