Chinese investors are looking for local landowners to form joint ventures on condominium developments in Bangkok. In year 2015, at least three groups are planning to launch three sites near mass transit in eastern Bangkok.

According to the leading developers in Thailand, they found that Chinese investors are mostly from large developers in China and would like to invest at least 500 million baht a project. Chinese investors seek for investments outside the country mainly because the government uses preventive measures to avoid property bubbles. Thailand property is attractive to them as land prices are not as high as in Hong Kong or Singapore. This also results in an increasing number of Chinese wanting to buy a condo in Thailand.

The three projects which will be launched in 2015 by Chinese investors are located near the existing mass transit lines, a station along an On Nut extension line of the skytrain and a station along the subway on Ratchadaphisek Road.

This year, among foreign investor groups in the Thailand property market, Chinese investors made up the largest portion, followed by those in Japan, Hong Kong and Singapore.

Via Bangkok Post