In Bangkok, Thailand, the real estate market is experiencing a strong boomChinese style. Recently, according to the latest report from Thai real estate consulting firm Property DNA, Chinese funds are pouring into Thailand at an unprecedented speed, rushing to purchase high-quality local real estate projects. Behind this phenomenon is the continued preference of the Chinese middle class for Thai real estate, as well as a series of policy measures taken by the Thai government to attract foreign investment.

Property DNA points out that an increasing number of Chinese investors are purchasing apartments and landed properties in major Thai cities such as Bangkok, Pattaya, and Phuket through the establishment of companies or joint ventures with Thai partners. These investors not only value the potential for appreciation of Thai real estate, but also hope to obtain stable returns through leasing or future resale. It is estimated that over the past 15 years, Chinese enterprises have invested more than 100 billion Thai baht (approximately 3.7 billion Singapore dollars) in real estate in major cities in Thailand, demonstrating the confidence and determination of Chinese capital in the Thai market.

The Thai government recently announced plans to relax restrictions on foreign property purchase, which will undoubtedly further ignite the enthusiasm of Chinese investors. The proposed reform measures include changing the term for foreigners to lease land from50 years to 99 years, and raise the upper limit of the proportion of units owned by foreigners in apartment projects from 49% to 75%. These measures not only lower the threshold for foreign investors, but also provide them with longer-term investment protection. Property DNA General Manager Surache stated that once the new policy is implemented, it is expected to attract more Chinese capital into the Thai real estate market, driving sustained market prosperity.

In fact, Chinese buyers have become the largest group of foreign buyers in the Thai real estate market. According to the Thailand Real Estate Information Center（According to data from REIC, a total of 14449 apartments were sold in Thailand in 2023, of which 6614 were snapped up by Chinese buyers, accounting for as much as 46%. This number not only reflects the strong interest of Chinese investors in Thai real estate, but also indicates that Thailand has become a popular choice for Chinese capital to purchase overseas properties.

Sino Thai joint ventures have also played an important role in this wave. Henderson Land（Henderson Property) as an example, Zhang Hongfeng, the general manager of the company, said that although the Thai government has implemented the "49/51 principle" to protect the rights and interests of Thai people to buy houses, this has not become an obstacle for Chinese buyers to enter the Thai market. On the contrary, against the backdrop of China's permanent visa free policy for Thailand and the absence of anti Chinese sentiment in the area, Chinese investors' enthusiasm for Thai real estate continues to rise.

In addition, data from the Thai Ministry of Business Development shows that Chinese companies invested in Thailand in the first half of this year382 billion Thai baht (approximately 14.3 billion Singapore dollars), accounting for 9.48% of the total foreign direct investment, making China the third largest source of foreign investment in Thailand. These investments are not only concentrated in the real estate sector, but also widely involved in multiple industries such as automobiles and parts, tires and inner tubes, steel manufacturing, and power generation and distribution, injecting new vitality into the Thai economy.

As the Thai government continues to relax the restrictions on foreign property purchase and Chinese investors continue to be optimistic about the Thai real estate market, Chinese funds are pouring into the Thai real estate market in an unprecedented scale. This not only brings new growth momentum to the Thai economy, but also opens up broader space for cooperation between China and Thailand in the real estate sector.