Thai Times

Covering the Thai Renaissance

Foreign Ownership of Thai Condos Rises in Q3

3,756 Units Worth 18.571 Billion Baht Transferred to Foreigners
In the third quarter of this year, a total of 3,756 condominium units, valued at 18.571 billion baht, were purchased by foreign buyers, according to the Real Estate Information Centre (REIC).

Kamolpop Veerapala, president of Government Housing Bank and acting director of REIC, reported an 11.6% increase in the number of units transferred to foreigners and an 8.9% rise in their value compared to the same period last year.

For the first nine months of this year, 11,036 condo units were sold to foreign buyers, marking a 3.1% increase from the previous year.
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