A website that claims to be the first Chinese property website in Thailand has been launched – but it’s not currently available to internet users in China.
According to the company, some THB 30 million has been invested in the www.ts-fang.com website with the aim of targeting at least 30,000 Chinese users per month.
Simple research by ThailandProperty.News confirmed that the website cannot be accessed by our contacts in Beijing and China, and this fact was confirmed by web applications (below).
In an exclusive statement to ThailandPropery.News, a spokesperson for the website, when questioned about the apparent inability to see the website in China, seemed to dismiss the fact.
“Right now our services use AWS hosting so we can access all target Chinese overseas property buyers, including mainland Chinese buyers, overseas Chinese buyers and local Chinese expatriates.”
Chinese buyers have long been interested in Thailand property opportunities, and the company behind the website said it began to notice the trend as far back as 2006 due to the rising yuan.
“Less than 10 percent of the Chinese population have a passport, which mean there still a lot of demand to come in the future.”
Thailand has become the most popular destination for Chinese property buyers, and the website claims this is causing the foreign buying quota in many developments to be reached.
Because foreigners cannot legally buy land in Thailand, most Chinese investors are buying condominiums due to attractive prices.
“Down payments are also much smaller than in China, which require a 50 percent to 60 percent down payment.”
Tiensak Thamcharonkij, co-founder of TongThai Group Co Ltd said: “The TS-Fang website will aim to serve as a directory and as a centre for real estate investors, both Chinese expats in Thailand and Chinese who work in their home country.”
The Chinese property website will also include a database, providing information on Thailand property in big cities such as Bangkok, Pattaya, Hua Hin, Chiang Mai and Phuket.
Note for clarity: Andrew Batt, the Founder and Editor of ThailandProperty.News, is a columnist for Chinese international property website Juwai.com on matters relating to Thailand property and real estate