Foreign property buying and investment data from last year released by prolific property developer Sansiri shows an interesting picture about who is buying and how much they are spending.
Whilst only accounting for a small but growing percentage of the developer’s overall sales, transactions involving buyers from outside Thailand have become increasingly important for the company.
Chinese buyers accounted for 30 percent of all units by number last year with the developer, with nationals from Singapore (24 percent) and Russia (11 percent) rounding off the top three.
When looking at the amount spent, Russians were the biggest spenders (25 percent) with Chinese (24 percent) and Singaporeans (16 percent) in second and third respectively.
The company noted how Russians were the top spenders mainly due to one beachfront project in Phuket, which attracted significant attention from buyers from that part of the world.
Less than one in ten buyers, by both units and value, came from the United Kingdom, while those from neighbouring Malaysia accounted for 7 percent by units and 6 percent by value.
Sansiri expects the proportion of foreign buyers at its projects throughout Thailand will increase during 2015.
Main image: One of Sansiri’s many sales promotion events in Bangkok during 2014.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
