# Chinese buyers remain top foreign purchasers of condominiums in Thailand

- Link: https://www.thailand-business-news.com/real-estate/118384-chinese-buyers-remain-top-foreign-purchasers-of-condominiums-in-thailand
- Published: 2023-12-18T11:53:26+07:00
- Author: Daniel Lorenzzo

The number of condominiums in Thailand transferred to foreigners in the third quarter
of 2023 increased by 0.4 percent, totaling 3,365 units. The value of these transfers
amounted to 17,048 million baht, a 2 percent decrease compared to the previous period.

## Key Takeaways

The number of condominiums transferred to foreigners in Thailand increased slightly
in the third quarter of 2023, indicating a gradual return of foreign buyers.

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Chinese nationals remain the leading nationality in terms of purchasing condominiums
in Thailand, followed by Russians and Americans.

## Chinese buyers accounted for nearly 47% of the total transactions

Chinese buyers accounted for 4,991 units, which is nearly 47% of the total transactions,
with a total value of 24.7 billion baht, according to the Real Estate Information
Center. Following behind were Russian buyers with 962 units, and United States and
Taiwanese buyers in the third and fourth positions, respectively.

## Chonburi surpasses Bangkok as the top sales location.

Chonburi Province has surpassed Bangkok as the location with the highest number 
of condominium ownership transfers by foreigners.

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![The coming of big shopping mall, Central Festival Pattaya was a big jump for Pattaya
City.](https://b2thbz.siamnews.network/2011/03/pattayacentral.jpg)

Approximately 42% of the condos were sold in Chon Buri province, which is home to
Pattaya city and several industrial estates

Approximately 42% of the condos were sold in Chon Buri province, which is home to
several beaches and industrial estates. Bangkok, Thailand’s capital city and a gateway
for millions of tourists, accounted for 37.5% of the apartment sales to foreigners,
the center reported.

Overall, for the first nine months of the year, there was a 37.6 percent increase
in the number of units purchased by foreigners, totaling 10,703 units worth 52,259
million baht.

The demand for condominiums in Thailand remains strong, particularly in major provinces
and tourist destinations. If tourism continues to expand, it is expected to lead
to an increase in foreign buyers of housing.