Buyers from mainland China and Hong Kong were the largest group of foreign investors in flats in Bangkok in the first quarter. Photo: Handout
Buyers from mainland China and Hong Kong were the largest group of foreign investors in flats in Bangkok in the first quarter. Photo: Handout

Thailand’s plan to allow foreigners to own land may worsen oversupply of flats in Bangkok

  • The Thai government plans to allow foreign nationals to own up to 1 rai (0.16 hectares) of land from September if they invest 40 million baht (US$1.09 million) for three years
  • The inventory of unsold flats in Bangkok stood at some 47,000 units in the first half, with more supply to come on to the market in the next few months, Colliers said

Buyers from mainland China and Hong Kong were the largest group of foreign investors in flats in Bangkok in the first quarter. Photo: Handout
Buyers from mainland China and Hong Kong were the largest group of foreign investors in flats in Bangkok in the first quarter. Photo: Handout
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