In Thailand, Myanmar citizens’ condominium purchases showed significant growth in 2024, with 1,388 units sold totaling over 7 billion Thai Baht, according to figures released by Thailand’s Real Estate Information Center. This increase in condominium purchases by Myanmar nationals is attributed to Thailand’s economic opportunities and investment policies, particularly the more open policies regarding foreign ownership of condominiums.
Myanmar remains among the top countries in Thailand’s real estate sector’s list of top 10 foreign condominium buyers in 2024. While demand from Russian and Chinese buyers has decreased, purchases by Myanmar and Taiwanese nationals have increased. According to the Real Estate Information Center (REIC) findings, total foreign condominium purchases in 2024 reached 14,573 units, with an average unit price of approximately 4.7 million Thai Baht.
Forecasts for 2025 suggest that foreign condominium purchases in Thailand will remain stable or may increase by about one percent. Chinese, Myanmar, Russian, and Taiwanese nationals are expected to continue leading the purchases, with Myanmar citizens’ demand particularly projected to maintain its upward trend. The continued growth in foreign real estate investment is anticipated due to Thailand’s economic stability, advantages in foreign investment policies, and regional economic cooperation.
