News Forum - Thai condo market faces turbulence with Myanmar buyers blocked

[Thaiger]

The Thai condominium market is bracing for a storm as Myanmar’s crackdown on property purchases by its citizens threatens to halt a major influx of foreign investment. According to the Thai Condominium Association, the clampdown could significantly impact condo transfers during the second and third quarters of this year. Prasert Taedullayasatit, president of the association, … …

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[Ramanathan.P]

Just wondering who are the buyers from Myanmar as the country is in a turmoil with economic downturn? 

[ChrisS]

I am sure a story here reported recently that Chinese buyers were fuelling the condo business not Myanmar Citizens.

[MrStretch]

Depending on a never ending stream of foreign buyers to fuel the condo building and sales market is going to bite the Thais in the back cheeks in the future.