Real estate information center Revealing the situation of condo ownership transfers for foreigners. In the first 6 months of 2023, the transfer value increased 24.5%. China was the champion, transferring over 16.9 billion.

Wichai Wiratkaphan, Government Housing Bank Inspector and Acting Director of the Real Estate Information Center Revealed that the overall transfer of ownership of condominium units by foreigners in the first 6 months of 2023, the proportion of units transferred ownership of foreign condominiums/condos increased to 14.7% from only 10.8% in 2022, and the proportion of transfer value of foreign condominium units/condos also increased. Up 24.5% from 20.5% in 2022. It was found that there were a total of 7,338 foreign condominium ownership transfer units worth 35,211 million baht.

Among those numbers, it was found that the ownership of condominiums had been transferred to Chinese people. It is the highest value, amounting to 16,992 million baht, accounting for a high proportion of 48.3% of the total value. The 4 nationalities with the next highest transfer value are Russia, amounting to 2,556 million baht, accounting for 7.3%. Next is the United States, amounting to 1,289 million baht, accounting for The proportion was 3.7%, the United Kingdom amounted to 1,287 million baht, accounting for 3.7%, and Myanmar, the amount 1,274 million baht, accounting for 3.6%, respectively.

If we look into each area of the province, it is found that during that period, foreigners transferred ownership of condominiums in Chonburi was number 1 with a proportion of 43.4%, while Bangkok was number 2 with a proportion of 37.7% of condominium ownership transfers. Foreigners in both provinces have a combined proportion of units and value as high as 81.1%, which is different from the past period. Or between 2018 - 2022, Bangkok was number 1 in the number of foreign ownership transfers with an average proportion of 48.8% and Chonburi was number 2 with an average proportion of 30.8%. In the first 6 months of 2023, both provinces had a proportion The combined number of units and value is as high as 81.1% and 85.4% nationwide.