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A Surge on JVs in Thailand Condominiums with the Chinese Investors

A Surge on JVs in Thailand Condominiums with the Chinese Investors

A Surge on JVs in Thailand Condominiums with the Chinese Investors

A combined 10 billion baht from at least seven Chinese investors looking for joint ventures in Thai condominium development in Thailand this year.This was according to some real estate brokers in Thailand that due to China’s construction sector and overall economy slowdown these Chinese investors are looking for elsewhere to invest.
“As the Chinese economy tumbles, many Chinese investors in property-related business are looking for an opportunity for investment abroad’.
Alan Lin, managing director of property brokerage Harrison Co. said that Chinese investors from contractors, developers, property funds and construction materials makers are looking for investment abroad and normally the first destination is Britain followed by Australia, then the United States of America and Asian countries.

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Investors from China are looking to invest in property that provides income-generating assets such as retail with a yield of 8 – 10%, 7% for hotels and serviced apartments and 10-15% for industrial sector estates. These are the areas which are readily available in the current climate in Thailand.
The property brokerage of Harrison Co is in talks with Chinese investors to prepare to spend 1.5 billion baht per deal in joint venture with Thai developers. Ratchadapisek, the riverside area and Sukuhumvit Road in Bangkok as well as Pattaya, Phuket and Chiang Mai are locations where the interests are for investment.
1.7 billion baht was planned to be spent by one Chinese contractor on a high priced condo project in central Bangkok that is worth 5 billion baht, which the deal will be finalized within the first quarter.
The property market this year would be stable with growth seen in locations along the Purple Line and inner-city areas such as Silom, Lang Suan, Sathorn and Sukhumvit roads which are areas Mr. Lin said.
In 2016, it will continue to see the general surge of interest in income-generating assets among international property investors. Hotel rooms and services apartments with student accommodation are assets that have grabbed a significant market share by achieving exponential market growth internationally.

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Angel Real Estate Consultancy

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