While Chinese buyers are active in almost all parts of Thailand’s property and real estate sector, a new survey has highlighted how buyers and investors in neighbouring countries shouldn’t be ignored.
The recent ASEAN Real Estate Network Alliance (ARENA) convention in Phnom Penh attracted 400 real estate brokers and consultants from Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Dr. Sopon Pornchokchai, President of Thailand’s Agency for Real Estate Affairs and a council member of ARENA, said some 250 questionnaires were collected and analysed from attendees at the event.
The results make interesting reading for anyone in Thailand’s property and real estate sector.
Questioned about target buyers from Cambodia, Thailand was ranked to with 24 percent. This was ahead of Australia (16 percent) and Malaysia (12 percent).
Questioned about target buyers from Malaysia, Thailand (24 percent was ranked second), behind (33 percent) and Australia (16 percent).
Questioned about target buyers from Singapore, Thailand was ranked top with 30 percent, ahead of Cambodia (19 percent) and Malaysia (14 percent).
The questions were asked on August 31 so represent up-to-date market information, and information that can be used by Thailand’s property and real estate sector to better target their marketing efforts.
For Cambodian and Vietnamese property buyers, investments in Thailand appear to be gaining in popularity while Singaporeans have always been attracted to Thailand’s property and real estate sector.