The US stood strong at the top as the most sought-after destination for investment on Juwai.com, followed by Australia that took the second place. However, while Canada and the UK swiped the third and fourth places in 2016, Thailand surpassed them settling at the third spot in 2017, pushing both countries down to the fourth and fifth spot, respectively.
As stated by Carrie Law, CEO and Director of Juwai.com, “Southeast Asia has been gaining Chinese buyer market share faster than any other global region since early 2017. In 2016, only three Southeast Asian countries made it into the top 15 for Chinese buyers, and none made it into the top five. Last year, five made it into the top 15. Thailand alone jumped from 6th place to 3rd, bypassing Canada.”
Sue Jong, Chief of Operations for Juwai.com further established, “Thailand is the third most popular country in 2017 for Chinese buyers of international real estate. It receives significantly more buyer interest than any other Southeast Asian country, including Malaysia – the next best Southeast Asian performer. The investment into Thailand is growing quickly, with Chinese buyers making 26% more enquiries in the first quarter than a year ago.”
There are various factors explaining why China has been charmed by the Land of Smiles: