ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Thailand's condo market sinks as Chinese investment ebbs

Coronavirus travel bans speed drop sparked by stronger baht and trade war

Thailand's coronavirus lockdown left central Bangkok deserted. The pandemic has rubbed salt in the wound left by falling Chinese real estate investment. (Photo by Akira Kodaka)

BANGKOK -- Beijing native Bobby He has a dozen Chinese friends who own condominium units across Thai hot spots such as Bangkok, Phuket and Pattaya.

"Some even bought three units at the same project," he said. "They plan to retire in Thailand, so one unit is for self-stay while the other two are to rent out to support retirement life."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more