Chinese top buyers of condominium units in Thailand

13 Sept 09:16 Key points summarised by AI

Chinese nationals dominate foreign condominium purchases in Thailand, buying 2,872 units worth 13.2 billion baht in the first half of the year, accounting for 39.5% of all foreign buyers.
Myanmar, Russia, Taiwan, and the United States follow, with Myanmar nationals ranking second in units purchased.
Foreign buyers typically acquire units averaging 44.7m² at an average price of 4.5 million baht, though Indian nationals tend to prefer larger units.
The top locations for foreign investment are Chon Buri (38.4%) and Bangkok (36.4%), followed by Phuket, Chiang Mai, and Samut Prakan.
Foreign purchases are crucial for stimulating Thailand's real estate market, and the government is considering increasing foreign ownership limits to 75% and extending lease periods to 99 years.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.