Bangkok, Chiang Mai and Phuket attract property buyers from Myanmar
Karlo Pobre, Colliers’ deputy managing director, said that according to the Government Housing Bank’s Real Estate Information Centre (REIC), Myanmar buyers are most interested in properties in Bangkok, Phuket and Chiang Mai.
REIC reported that buyers from Thailand’s western neighbour spent some 2.25 billion baht on Thai properties in 2023, putting them in third place as top spenders following Chinese and Russian buyers, he added.
“It’s notable that properties bought by Myanmar nationals have an average price of 6.5 million baht, higher than those of Chinese or Russian buyers,” he said. “This makes them a highly promising customer for property developers in the post-pandemic era when demand in Thai properties among foreigners is skyrocketing.”
Pobre added that properties in Bangkok bought by Myanmar customers are mostly luxury condos priced from 10 to 20 million baht. The most popular locations include Sukhumvit, Phrom Phong, and Asoke where the projects are close to hospitals, international schools, shopping malls, and hotels.
Mid-level spenders from Myanmar meanwhile are interested in condos priced at 5-10 million baht in the Aree and Phaya Thai zones, especially along the BTS/MRT routes, which provide convenient transport as well as a good opportunity for rent or resale.
“Buyers in this group are mostly young generation looking to invest in condos for rent or resale, and they often snatch up prime units during the pre-sale period,” Pobre noted.
