Chinese Investors are Flocking to Pattaya to buy condos for sale

Posted on June 13, 2016 by Edwin Gramba in News Articles

Property buyers and investors from China

could be flocking to Pattaya in the near future, said a spokesperson from the leading Pattaya real estate website, My Pattaya Condo, predicting that interest in the Pattaya property scene is set to increase rapidly over the coming weeks and months.

“We have seen a massive upturn in the growth of Chinese interest in the Pattaya real estate market,” said My Pattaya Condo. “Due to the fact that the Chinese market is just discovering the city’s dynamic marketplace, which makes it the perfect time for us to strengthen our ability to reach out to the Chinese sector.”

Overseas investors from the Chinese market have rapidly grown over the past few years, increasing from USD5 billion in 2010 to USD52 billion in 2014. My Pattaya Condo believes that the figure could catapult to over USD220 billion by the end of the decade.

“A massive number of buyers are expected to invest in the Pattaya real estate market in the next couple of years, as the Chinese are only now beginning to realize the potential of Pattaya and are receiving the perfect opportunity to do so,” said My Pattaya Condo. “Agents and developers who are in the position to help the buyers really are going to massively benefit, as most Chinese enquiries are now coming in from investment-minded buyers, with their top priorities being solid returns on investment and the world-class infrastructure of the city and local neighborhoods.”

My Pattaya Condo has received vast amounts of feedback and interest from Chinese property investors because of Thailand’s popularity and the close proximity from their home country, coupled with Pattaya’s international atmosphere as a world-class holiday destination.

“The Chinese market prefers to purchase new properties rather than resale units,” said My Pattaya Condo. “As they seek luxury furnishings and designs, while at the same time getting the most from their money. Thailand is the perfect choice for lifestyle and investment, with lots of motivation when compared to other destinations across the continent and the world, while also enjoying international style schools and hospitals, perfect for Chinese families wishing to move to Pattaya.”

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