Thailand's condominium ownership transfers to foreigners increased 65.6 percent year on year in the first six months of this year, due to increased newly completed projects and eased entry rules, data showed on Monday.
Around 7,338 condominium units worth 35.21 billion baht (about 0.98 billion U.S. dollars) were transferred to foreigners in the January-June period, mostly in the eastern seaside province of Chonburi and the capital of Bangkok, according to the Government Housing Bank's Real Estate Information Centre (REIC).
These transfer figures saw an ongoing recovery, though the overall number of units and unit value remained lower than in pre-COVID 2019, said REIC's acting director-general Vichai Viratkapan.
Source : Xinhua
September 25, 2023
