According to Thai media news, on June 24, Vichai, acting director of the Real Estate Information Center of Thailand (REIC) and bank supervisor, revealed that in the first quarter of 2024, the ownership transfer of foreign apartments in Thailand reached 3,938 units, a year-on-year increase of 4.3%; The total value reached 18.013 billion baht, a year-on-year increase of 5.2%.
He said that the data shows that the top five provinces with the largest number of foreigner apartment ownership transfers are: Chonburi 1,521 units, accounting for 38.6 percent, worth 4.165 billion baht, Bangkok 1,498 units, accounting for 38 percent, worth 10.699 billion baht, Chiang Mai 249 units, worth 574 million baht, 242 Phuket units, worth 1.353 billion baht, and 140 units in Samut Prakan, worth 392 million baht. In summary, foreigners are most interested in buying apartments in Thailand's major cities and tourist cities.
At the same time, the data shows that the top 3 countries with the highest number of foreigner apartment ownership transfers are:
1. China: 1,596 units, accounting for 43.8%, with a value of 7.57 billion baht;
2. Myanmar: 392 sets, accounting for 10%, worth 2.207 billion baht;
3. Russia: 295 sets, accounting for 7.5%, worth 924 million baht.
In addition, he further said that the average size of foreigners' transferred apartments in the first quarter of 2024 was 43.9 square meters, with an average value of 4.6 million baht per unit. Among them, China has the largest number of apartment ownership transfers, with an average transfer value of 4.7 million baht per unit and an average apartment size of 39.6 square meters.