Why is there a rush of Chinese to buy property in Thailand? The rich aren't vigilant enough
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- čas přidán 17. 05. 2023
- #Chinainsights
It’s safe to say that it’s becoming increasingly difficult for Chinese people to invest in real estate in the US. At this time, Chinese investment capital has found new destinations, and a notable one is Thailand.
Some analysts believe that the supply chain of the whole Southeast Asia region is expected to be completed within five years. So it is predicted that the whole of Southeast Asia, together with India and other regions will replace China and become the new world factory.
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Correction: 16:13-16:21 Sorry, should be "Swedish", not "Swiss".
Common mistake 🙂
Was it a mistake of the Chinese official or the translator?
Hi may i know how to contact this two property agents please.
Pain in the ass that the canadian govt has allowed rich Chinese to buy up lots of real estate in canada for years, that helped cause the housing crisis here.
same in New Zealand... even buy farms here then destroy them...
Same with Australia! Either they buy a parcel of land, tear down the house to build 4 more in its place, or else they just leave it unoccupied as an investment expecting the value to grow.
money talks.
@@mithos789 bull 💩 walk's..
They better off just lease them out, 10 years max.
"... Because freedom is very important for Chinese peoples"
I nearly chocked on my croissant.
LoL, they themselves rat our their relative to the government. So freedom to rat.
IRON CHAIR FOR YOU! mdr
Yeah freedom with Chinese characteristics.
So why you Chinese people don't make protests against Xi Jing ping ?. He abusing the Philippines 🇵🇭
Easy for the wealthy in China to say that they don't have the freedoms the rest of the country has. The ccp could block all of this within a days notice and issue travel bans to the wealthy to keep the money in China.
Foreigner who buys properties in other countries should pay more taxes yearly than local citizen, and I think that’s fair.
Right? That seems more than a reasonable compromise. I also like Thailand's solution of limiting the percentage of condos that foreigners can own and banning them from owning normal land.
I'd go one further, no permanent sales 99 year leases same as the Chinese have done
@@kyleb1958 Dude, even mainland Chinese themselves cannot buy any land in their country. They have to lease it from their own government. What good that will do to block them from coming? It will just Tuesday to them.
@@kyleb1958 exactly, most asian countries do that. Only us westerners allow foreign capital to come and buy everything with no limitation or regulation which is always detrimental for the local people.
Btw in Thailaind its 70 years of ownership when you buy a house.
As a thai person, I would say many young thai people are wary of these chinese people who buy condos and lands in our country. We even jokingly said we will become Taiguo (chinese word for Thailand) as in we will become one of the china like our neighbors countries like Laos. I guess Thailand has more freedom than China but we do still have many human right issues like the lest majest laws that the government loves to abuse to subdue any protests we have here and many young people are now in jail (the youngest is 14 I believe) and corruption is everywhere in this country.
from my understanding, a lot of Chinese have lived in Thailand for +100 years
such as the winner of the Thai election
what i am trying to say = the new Chinese people will slowly assimilate and become Thai in another 100 years
everything u said beyond the doubt ! When I travelled to your country , I was wondering Why Chinese words everywhere displayed in your country and whether Thai Natives dont consider the threat of national security and integral sovereignty
@@danmatt5065 well fyi, Chinese people are probably the number 1 tourists in our country so it’s expected that there will be signs in Chinese. We are worry but at the same time, we as citizens can’t do anything against greedy government officials. For example, there was a big news about how Chinese illegally own a building where they operate casino and gambling websites for chinese people. The locals all know this but the police turned the blind eyes and even help these people getting citizenship and hide evidences that could lead back to them.
@@faimist8993 With so many Chinese nationals from Communist China moving to Thailand, eventually Chinese will be a second language spoken in Thailand.
Who knows, maybe communist China can then do what Russia has done in Ukraine, invade it claiming that it has come to save the Russian speaking population of Ukraine. Except of course communist China will invade and claim they are only trying to save the Chinese speaking population of Thailand.
and they can own thailand paspor and keep their china paspor isn't this just perfect escape plan with thailand paspor they can go to western countries
China will lay claim to this property, like what they're angling to do in Canada.
And with the Chinese communists little puppet Trudeau, they will probably get possession of all Chinese bought properties.
Sometime in the future, communist China might even invade Thailand and claim that it is only trying to save the Chinese people in Thailand, much like what Putin was saying when he first invaded Ukraine by claiming he was only trying to save the Russian speaking population of Ukraine.
And destroy the property market as a result.
Shut up, and just give me the money. Nothing else matters. You see? The east IS the same as the west. Lol.
Canadian Government at its finest Clownery.
Same in Philippines.
There are some ugly parts of this. People have to keep in mind that in China, the superwealthy are not that way because they are the most talented, hardworking, innovative people who had to be good at dealing with people and the public. They have very large amounts of money because their grandfather marched with Mao or they executed some teachers in the Cultural Revolution. Even worse, some are wealthy because they would betray anyone and sacrifice their own family to help a government get power.
Now what you're seeing is them taking that wealth out of China. So that's not just less money for knockoff Gucci bags and buying their kid a pet tiger cub it can abuse to death. That's money that doesn't go to cleaning aunties and mistresses in China.
Then you get this wealthy class of 'Fuer dai' which is basically spoiled rich kids who are often human garbage, among the most vacant, ignorant and cruel people who will fuel that utterly undeserved money into Thai gang life, crime and prostitutes.
Remember, it's not like Thailand is getting the 'steve jbobs', the talents, they aren't getting rich Chinese who are good at anything, who know how to do things. They are basically useless, never had real jobs (that they needed to actually be good at) and won't be any kind of benefit outside of funneling cash among themselves, other Chinese rich kids and crime.
Beautifully said.
They are the professionals in corruption, that's how they got their money in the first place!?!
Scum rich rats are leaving sinking ship to unsuspecting welcoming poorer countries. They will teach beuracrats how true corruption works and criminal expansions to these countries will start soon after. Buying power with ill gotten gains, money laundering into all areas from real estate and politician's pockets will be acceptable practice.
Sounds like the useless rich everywhere tbh
@@ILovePancakes24 Ok but you changed it to 'The Useless Rich' so that, of course, 'useless rich' would definition be useless from everywhere.
I'm telling you about something else which is that in Mainland China, the vast majority of rich are useless.
That is not the case in many and most nations. Sometimes 'useful' could be something you dislike but in most free nations the rich are skilled at something.
Hate Steve Jobs all we want but he had a highly skilled talent in knowing what people wanted (or what they would want) and how to make it happen, who to hire, how to keep it moving.
This can go for Heirs. Hate the Trump heirs all you want but they had to learn to sell clothes, do speeches, sell 'Trump' brands and so on.
This is 'opposite world' in Mainland China.
The CEO of Sinotool will be one of the dumbest, ignorant, rude fools you ever met, full of STDs from buying 8 mistresses, lacking all manners, a snorting low-iq and it doesn't matter because he's assigned that job by the state.
The Mayor's son isn't just 'useless' but will keep starting new businesses that are so stupid they somehow lose money so fast you'd swear a contest to 'create the most failed business' idea was launched.
Understand this again: This is the standard, the rule, the norm. This is the vast majority. This is the stronger rule the wealthier and more successful the business and high salary and the more elite the positions and higher incomes - the more incompetent, unskilled they are.
I'm reminded of a time when a Canadian county hired a Chinese 'city planner' who had a stunning resume, managing entire prefectures in China (many with rapid growth during their terms) and the Canadian city was so impressed with their CV they hired them.
Several weeks later they started suspecting the Chinese had 'impersonated' with a fake resume but all things checked out. It seemed as if they had ZERO knowledge of anything and had only proposed some of the dumbest and worst plans ever heard for the most idiotic 'thinking' etc.
What happened?
They didn't understand that the Chinese City Planner is a total 'guan-xi' relationship position. The father was a very high ranking CCP loyalist with immense powers in the province so the kid is assigned this job.
In China, that top boss City Planner does nothing. They make no decisions at all. They exist to find a few actual smart trained people and ask them what to do (but make it like they told them) and that's it.
Again: this is THE RULE.
I'm describing the vast majority of Mainland China. This is every 'City Planner' or something very much like it.
Actually, this reminds me that if anyone really wanted to fleece China's experts?
Hire the lower-salaried 'city planner's assistant to the parks planning division' as they actually had to grind and be skilled in order to get that mid-ranged moderately goodish job and bring the top bosses tea and suggestions.
My guess is that they are bailing before things collapse.
Exactly.
No shit
The CCP wants them or will want them for "corruption". That's how most of them got rich and now the "free" ones are trying shovel their money out of China. What are they afraid of? Paying taxes??
How they get money out. Ji Jiang said Cannot 😂.
Oh. Well, as long as he said so.
The buyers from the People's Republic of China (CCP) have demonstrated a lack of sincerity in their property purchases, as their primary motivation is usually investment rather than personal residence. Consequently, many units end up being sold but remain unoccupied, offering no contribution to the local economy due to the absence of residents.
Just calm down and think thoroughly.
Their money to purchase the building will contribute to local economy. If they have to reside in that building, they will spend $5000 a year and eat up food, water, electricity, etc. of that amount too. So in overall, no added economic values. But the money they spent to buy empty building, that will be injected to the local economy. And those are BIG money. Local economy will be better if they buy a building and then leave it empty, rather than if they buy the building and stay there for 20 years.
@@gorilladisco9108 them jacking up the property prices will end up increasing rental prices which is bad for non-house owners, working foreign expats as well as foreign students. They might start looking for other countries and that is a loss of talent to Thailand. Not worth selling all those properties because their competitivenes as a whole goes down.
These people not living there and spending their money there does not help Thailand's GDP in the long run. And they're taking up space.
@@gorilladisco9108you have zero idea how the economy works. How having a house empty could be better for the economy than having someone use the house, I don't understand. If they aren't going to stay then they shouldn't buy it so someone who actually needs it can have it
@@gorilladisco9108 Maybe you're too calm and don't have any brain power.
If they buy a building and also reside in it, it will obviously generate more revenue. If they buy a building and don't reside in it, then you're obviously missing half the equation.
Western countries are idiots for letting any foreign person to own anything outright in their countries
This is going to be hard for native as they would inflate property prices even more, we've seen, recently it was somewhere in the Caribbean that the silicon Valley employees moving in was making it tough for locals to buy homes
Silicon Valley is invading Texas and doubling the prices of our homes. I realize housing prices are going up everywhere, but watching the housing double or even triple in a few years is shocking.
This is the problem in other countries too, like Portugal. Too many foreigners bought properties there, driving prices and pushing out the locals. In Mexico City, the same thing is happening there where Americans are coming to retire or a cheap place to live. Locals are moaning the rent has gotten too expensive for them.
I can tell you it's not that bad, majority of Thai people can't afford the home anyway. We have much bigger problem than china moving in, which is our king moving out with all our money XD.
Every country with rising real estate prices resulting from population redistribution exceeding construction rates blames some group of foreign buyers for the increases.
Reality is foreign buyers only buy the luxury properties at the very top of the market though, and are not responsible for the overall property market. The real problem is construction not keeping pace with local population growth.
But it is more politically convienent to scapegoat foreigners than address the real issue.
They are an invasive animal. Got to purge them
Buying in a Foreign country is a huge privilege and they should pay way more than the average citizen of the origin country. This concept may provide states with better incomes and dissuade those that intend to "thieve" from citizens.
This is the same in the philippines, land buying is unmonitored cause its easy to do "legal" things in other non communist countries as long as you have money
remember the era where chinese POGOs dominated this country
corrupt Philippine Government officials are to blame😡
Except land. Nobody that is foreign in birth can own land here except if they're married to a local (most common way to own land as a foreigner) or are legally inheritors of an estate. Those are the only legal ways foreigners can own land...
@@theotherohlourdespadua1131 de jure yes. de facto, they can hide behind a local spouse or dummies.
@@abrahamdsl We have anti-dummy laws for that. If they got the land through marriage and deliberately used the spouse as a legal front for that they will lose ownership of that land if they raise the issue in court because the Court operates under the principle of "he who must come to court must come with clean hands". Besides, people cheer when ABS-CBN and Rapller lost their franchises (which is a property in of itself) due to foreign ownership...
Singapore increase to 60% stamp fee for foreigners to buy any property in Singapore . Pay extra $ 600 000 to buy a $ 1000 000 property.
It will be a curse to Thailand! Not a blessing
Thailand and vietnam should be careful, or their own people will be priced out on real estate. Great video...keep rockin.
Vietnam doesn't like China, it's more of Laotians and Cambodians that should be worry
Wrong country mate. Vietnamese have long been cautious around china.
Vietnam always on high alert with China. They have been fcking with us for thousands of year. We have been documenting all their tricks and still predicting how they gonna fck us in the future.
Limited to condos and only 49% of total per building.
The whole world knows to be honest by now....yes, hope they realized which I'm sure they will.
I thought that crazy rich asians was just a movie, but holy cow, they really act and look like in the film.
Just like that Thailand is no longer affordable country to retire.
Exactly
All these rich bastards running off with money stolen from hard working people and customers.
The people who work hard don't get paid fairly and their boss pockets their salary and benefits.
Meanwhile customers also get robbed not getting what they paid for.
All that money goes somewhere, into the luxurious lifestyles of the greedy and ruthless.
It is so infuriating that this is normal now everywhere in the world.
As consumers we must be on guard not to get taken advantage of.
As workers we must protect what we are entitled to.
Those greedy people will take whatever they can get their hands on and even feel proud and flaunt with it.
What unacceptable behaviour if you ask me.
Yes it’s disgusting but eventually you will run out of choice and only to submit if you want to survive, or die with dignity and become statistics. Riches don’t care either way. They are just as cold blooded as corporations, only worse.
I don't think they would want to leave the country if it wasn't the CCP making their lives harder inside china
Ah, a wumao, I see. ¯\_(ツ)_/¯
All this in a so called "communist" country 😂
Capitalism, wherever it is practiced, is THEFT. Simple truth.
It seems like the rush to buy property in SEA is everywhere.. in Singapore, Thailand and even in Malaysia except China… I wonder why?
Recently there seems to be some unhappiness amongst Thais with Mainland Chinese up buying multiple condo units to turn them into Air BnB rentals. There also has been several high profile criminal cases involving Mainlanders with Thai citizenship and police raids on drug dens under the guise of KTV clubs catering exclusively to young Mainlanders too.
This is a problem and i was turned off seeing Chinese rich types treating Thailand like a sextoy or some bushes they spit on
There is a rush of Chinese to buy up properties... on Earth... most notably rest of Asia, Australia, and Canada/USA...
boatloads of chinese at all the open houses in australian capitals.
Peru has seen an influx too.
People only realize how precious "Freedom" is when it got taken away from them...
Chinese buying in Thailand, and other SE Asian countries is a risk. Not from the Thai government, but from the China government. It will not be long before the CCP will shut their border for anyone but high government officials from leaving China, period. This was the case in the time of Mao. This means that Chinese who buy houses in other countries, but live in China to continue their job or business, may be stranded in China. Only a few hand-picked students may leave China to study elsewhere.
you mean Xi's daughter?
You seem to be so out of touch and Badly informed about China. Keep up mate !
@@mikelloyd520 The majority outside China are "Out of touch" because the CCP are very opaque. Their data reporting is highly suspect, the media reports are comical, their super efficient leadership lurch from one crisis to another, and they are unfathomably worse than Liz Truss even!?!
who said?,
those individuals using a "Backmasking" as front, they'll eventually spies on host country, they'll act kindly and awkwardly like sheep clothing wolves, like what they did in Philippines, they influenced President Digong to allow and not discriminate Chinese tourist entering the country during wuhan virus spread, we got 0 case back then, and that happened, Boom~ spread everywhere, I remembered for almost 7 years of working at the market, that was the first time seeing foreign Chinese walking around the market, and one time i saw one of them spit on the ground, i immediately stepped on that spit and step on the dry sand.
those people are highly suspicious.
a Chinese can invest in real estate in Europe or the USA, and have a real right of ownership for eternity, while a European or an American cannot invest in real estate in China. This absence of reciprocity cannot last. Chinese like the Russians the Algerians and... are predators who do not admit reciprocity. But the Thais too, it is forbidden for a European to be a landowner in Thailand..
because of the annoyances to the Chinese government, the Chinese cannot use their currency outside of China..
Have you seen the real estate developments in China? A two year old condo will look like it's 30 years old because of mismanagement, indifference and shoddy construction. Is that what you want to invest in?
We should ban foreigners from buying our land.
@@paullum389 what I want is a real right of real estate ownership as in France as in the USA! Afterwards, where, quality is my business, your advice is of poor quality and you have not understood what a real property right is...
@@fern8580 I fully understand what property rights are and also understand that even chinese citizens do not have eternal property rights. You certainly do not need to heed this advice, and are welcome to rush in and buy as you desire. I was merely trying to save you the headache. Alas no good deed goes unpunished. LOL
@@paullum389 The reality is that we Westerners will never be allowed to buy in China, I have no doubt about that, so I am campaigning to ban Chinese people from buying real estate in the West
The Rich Chinese meaning "I AM CCP Members and my Dad is very powerful official"
Indeed 😢
true
Chinese have bought properties in S. Korea too. After they purchase the land, they make a "Chinatown" and promote Chinese agenda. There should be an international law preventing foreigners from purchasing land/house in another country.
International law ?🤣
What are you? Elementary school student?
A country do a country want inside their border. If you don't want foreign buying land to happen in your country, go ask your own government.
International law ?🤣🤣🤣🤣🤣🤣
Southeast Asian countries don't allow foreigners to buy land. South Korea should do the same.
@@wavemaker2077 Who are you to tell them not to?
@@gorilladisco9108 I'm not telling them what to do. I'm giving suggestions. As if I have the power to change the law of a country. lol. This is the comments section so everyone can give their opinion. Of course you are free to defend your country China. You are Chinese after all.
@@wavemaker2077 I'm not from China (gw yakin kalo orang China bakalan mencret nyoba terjemahin kalimat ini). I'm libertarian, so my arguments are based from that, not from any particular ethnicity. There is no harm in anybody buying properties in any country, in fact, there is a positive result in it, as every trades are.
What you perceive as harm to local population is just your government propaganda shifting the blame from their carefree spending which cause inflation and in turn reflected in the prices.
In properties cases, there is something else also at work, that is land zoning, which caused land price bubble. It's not just your country but just any other countries government also dabble with it for various reason. The result is another push for properties prices in the cities to go up.
The all-you-can-eat fried seafood buffets in Bangkok are going to get a real work out soon....😁
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If freedoms are very important for Chinese, then why don't they fight for it?!
How do you suppose they do that? You are talking about a communist country
you think they have guns. only dumb americans believe in that.
chinese people get flattened by tanks.
Good point! Just hope that when there is a huge number of them there in Thailand, they don't transform Thailand into one big China Town.
@@titob.yotokojr.9337 That is a given. They corral themselves in that way :)
Yellow bellied ?? Natural born coward's maybe 🤔
Honestly, if I was looking to move out of mainland china, I would try and move somewhere in Southeast Asia too. It seems like it would be a lot more comfortable than somewhere super foreign and the cost of living makes your money go further. It's actually very smart, especially with the coming global recession, you can make your money last longer. As long as the new citizens don't turn Thailand into the country they fled, it sounds great!
I was headed to Vietnam when the pandemic of obedience broke out on Earth. Never got there.
Which they will try to convert any country they fled to into China. Guaranteed. Very few if any Chinese pay respect to how locals live their lives. They just destroy them with no regard and no mercy, whether they have money or not. And when those locals fight back, they are confused as to why they hate Chinese all together, completely oblivious of their own problem.
It is often seen people targeting Asian looking people shouting “go ****** back to China” regardless of said people is from China or not, which already says a lot.
When there is enough of them in Thailand, they will definitely transform the country into one big China Town, with Mandarin as the main language, and Thai as the second language.
Covid broke out, but Vietnam never locked down. Heck I am a foreigner and I built a house in Vietnam... even these mega rich Chinese can't own land like me 😂
For me personally I welcome anyone who comes legally, actually there’s many Chinese who comes legally living here and seem to be very happy. There is nothing to be scared if everything is done correctly!
There goes the neighbourhood. Thai’s will soon be priced out of their own property market
I love the turn it took where youre talking about all the reasons theyre buying there and then you end it by showing how in the end its really not the best country as far as human rights protections. I know enough about both china and thailand to concur. Corruption runs through their veins.
16:54. Indeed.
While true, money talks. If you are moving your assets from a country on an economic downturn to a country that's relatively stable, you are likely to be keeping investments safe while using the local corruption to your advantage. It's not like they are going to Thailand and protesting human rights violations. They are rich assholes, human rights mean nothing to them
Meh. To the mainland Chinese, Thailand government is waaaaay less corrupt. ¯\_(ツ)_/¯
and everywhere, U.S. included
RIP to Thai people
All those Chinese buying up property would drive up the prices in Thailand
Wow, neo colonialism is real
EXACTLY as the CCP propaganda machines keep pointing fingers as USA past
Excellent coverage
Thailand should start putting a foreign ownership property tax as they don't contribute any other tax to the economy.
That is never going to happen because thai people have way to many corruption 😢
SE Asia in general is 25% in terms of labor. But the problem is, cost-structure of the product. What that means is, freight from China to Thailand of raw material (because tons and tons of raw material are mined, produced in China and shipped out to SE Asia for cheaper labor) will cancel out the labor advantage. That's why not many companies eagerly moved out of China.
I first visited Thailand in the late 90s, and there has been a constant stream of predictions re doom and gloom ever since. I can't think of another country where a military coup wouldn't spell disaster for investment and tourism, but it just seems to be part of the cycle - unless they are setting fire to department stores, the tourists keep coming and condos keep selling.
When I was in Thailand, I was told that only a Thai-citizen can own property or own business in Thailand. That was what an Australian guy told me as an explanation why his Thai wive owned the bar he was running. Is that wrong?
I can tell you now, no matter how much a Chinese invests there thru a so called wife, the moment she has had enuf of him he will be out the door with no leg to stand on. Thai business, land & marriage laws are written in such a way that the Thais always win & the foreigner will get nothing back from their investment no matter how many millions they spend. Thai women are very tuff & they will not tolerate any crap from a chinese guaranteed.
Land, he is correct, condos can be owned.
Only a Thai citizen can own land in Thailand (at this point in time). Condos or apartments can be owned outright by a Non-Thai. If a foreigner marries a Thai or goes into business with a Thai, the Thai own 51% of the business while the non-Thai owns 49%. The business must employ 4 Thais for every non-Thai employee. If a foreigner that marries a Thai and goes to court to dissolve the marriage (divorce), the Thai will receive full ownership of the property and 51% (or more) of funds held in bank accounts held in Thai banks. Thai Judges do have a little discretion but normally will side with the Thai when it comes to distribution of Thailand held properties and bank accounts …
Law changed recently.
@@mikelloyd520
Thai laws always change especially when it comes to money or political power …
If they have money they should trust their own land...
No
In the early days of China opening, the family bought a small piece of land near a major city train station and many would know the high prices it skyrocketed once China economy took off. However, the land was disputed and depending on which party paid the judges more, the verdict always granted the party victory. This went on for 2 rounds before the land was surrendered to land grabber who definitely has more powerful connection but zero legal rights.
Lets just hope they don't build tofu-dregs like in China
As long as REAL Thai use REAL Thai Materials and methods
Many Chinese are trying same in India, here with fake investment protfoilo so they can get Indian investment visa.
That’s just great.. drive the property prises in Thailand as well so locals won’t be able to afford it
Not true, there are quotas for within condominimum developments precicely for that reason and land ownership is restricted to their citizens unlike most western countries where ownership including that of your grandparents teeth takes priority if govenment wants war chest conributions, royal gala or drag queen event funding
@@radleysmith7528 The Chinese can always use dummies to buy properties. The Thai agents will be very much willing to provide the dummy.
i still see Thailand as an American ally more than a Chinese ally
or neutral
if China invaded Taiwan, Thailand would just keep quiet...
We play both sides and try to be neutral since before world war 2
Not really. Thailand is a player as far as diplomacy is concerned...
@@Wiseversa27 i think that's for the best 👍
USA has no allies. Only bumboys. Thankfully, China is now the real leader who builds, rather than bombs.
@@Wiseversa27 it's why Europeans never colonized you. And as a European i am happy we didn't.
Thailand is one of my favourite countries. And if Thailand wants to stay neutral if this conflict heats up conflict i totally understand. wish them well
The Chinese buyers (and renters) will inflate the real estate prices in Thailand. The regular Thais will be squeezed out of the property market. The rental prices will be too high for the regular Thais to afford them.
This happened in a short time in the Philippines when online casino was still accepted in the Philippines. A lot of mainland Chinese opened online casinos in the Philippines bringing Chinese workers with them. Condo units were bought or rented left and right shooting up their prices to sky high. The regular Filipinos were squeezed out of the property market. Condo units became too expensive to rent them. Then the Wuhan virus came and online casino was banned. The Chinese started leaving the Philippines. The real estate prices went down again back to the normal price. Good luck Thailand for being the country of choice of the Chinese.
Having made quite a few trips to Thailand I witnessed an unbelievable amount of condo units being built. Every time I would go another 3 blocks of old Bangkok were being torn down for a new condo development. I knew at that time the Chinese were major purchasers but I always thought there would eventually be an over supply and bring down prices. Well I guess I was wrong.
I’m Thai and yes you’re Wrong, small town(land size) like bangkok already have 10-12 million Thai people in the area.. almost 17% of all population.. that not include neighbor provinces.. most of Thai barely afford property(house+land) in Bangkok.. dont think about those condominiums they couldnt afford that as well.. only 100,000 out of 71 millions (0.14%) Thai holds asset more than $ 10m dollar.
@@Thinklikemm my understanding from a person I know who is familiar with real estate in Bangkok and Pattaya is most sales are from Chinese and Russians
@@Thinklikemm that would be pretty much worldwide with people who have asset's of 10 million dollars or more, not just here in Thailand, it's alot of money
No. You were correct. Wait for sometime.
You are actually right or would be if they followed typical market rules here. There is really no ryme or reason for most land and real estate prices here. It's pretty bad in Thailand, just so much worse in China.
The building we lived in was, I believe, mostly sold out, but there was barely anybody there. Chinese buyers who either didn't or couldn't rent them out. I don't think they care if they get a return on their investment. It is just a way to get money out of their hellhole country.
They have no intention of renting them out beleiving there is a premium attached to a virgin home and whether the 3 concepts of yin-yang are met whithin the individual property thousands of London apartments 20% of new build stock Chineese ownership often bought off plan
RIP Thailand..
Poor Thailand natives. This will cause them to be priced out of their own home market :(.
all governments are greedy. too easy to be manipulated by wealthy individuals.
One of your best videos to date.
Just like any normal day in Malaysia.
Don't let those greedy Chinese in, do it like Vietnam, no outsider can own land.
Scary…
A small point Swiss people come from Switzerland. Swedish people come from Sweden.
CHINESE WILL DRIVE PRICES WAY UP-AND WILL CHANGE THAI POLITICS
OK, Karen.
Goodwork Florida 👍🏾😁👏
Florida ? .. Goodwork ? .. 🤪
Only the CCP leaders and officials prosper, ordinary Chinese people suffer!
Foreigners are barred from owning land in the Philippines. There has been a constant push to remove it from the Constitution. I guess Pinoy are correct in maintaining such restriction. Unruly Chinese will flood the country.
Thailand is very attractive to them, Singapore too for rich Chinese, Singapore is expensive but great schools, better future for their kids, I’m not sure in Vietnam & Indonesia.
Yeah, there’re here all right. I’m Thai, and we’re essentially living mixing them.
Do they carry the Chinese tourist manners they are famous for?
@@NeurexHelpGPT 😂🤣🤣
Maybe you should start learning how to speak Mandarin because there are so much more of them than Thais. And they don't assimilate, rather they expect you to be the one to assimilate.
@@titob.yotokojr.9337 Yeah, just like average Malaysian and China Chinese in Malaysia.
You are confused the Thai with Chinese ethnic who already came to Thailand like a hundred years ago and already consider themselves as Thai while this new Chinese are different.
I remember back in the late 80's or maybe the 90's when the Japanese were buying real estate in the US and it was portrayed as a terrible thing. It turned out that they were typically buying at inflated prices. I believe that one golf course ended up losing them something like $1B. So basically it was a wealth transfer from them to the people in the US. Given the current economic conditions, Chinese buying real estate in the US or Thailand would be making the same mistake. Granted if they are buying it near military bases so they can setup spy equipment, that is another issue, but one that does not require banning them from purchasing land. I would also point out that the US constitution bans discrimination on the basis of country of origin, so it seems that Florida is going to have to prove they have some other reason for the ban. It sounds like they may be attempting to do it on the basis of the country being an enemy of the US, but that is not going to be easy given that we are not at war.
You are coolheaded one. Upvote for you.
If foreigners are prohibited from buying land in China, then Chinese should be banned from buying or controlling land in other countries. Seems fair. Equal treatment you know.
the problem is that it inflates the prices and prices out the locals and citizens. This is what is happening all over Canada and it is a huge problem. No one even lives in the property.
Discrimination laws are for USA citizens/ residences not foreigners.
@@gorilladisco9108 no, he is just emptyheaded like you... that wealth transer went to the picket of the sellers... not in some charity.... those people were not spending those money for bread and milk around the usa or started company employing hundreds of people, what a filthy individual spamming this comment section
Not too long. It will come to an end soon.
chinese are doing the same thing in californistan where they are paying crazy prices for high end homes and then no one lives in them or buys furniture or does any good for local economy
Very educational video, it's amaizing how the little piece of information can lead to significant finance success, this was exactly what happened to me when I was introduced to Ramos J.
Wow ,you just mentioned Ramos j,indeed that woman has been an incredible mentor to me,impacting a deep understanding of the economy I wish that college had provided.
I know her too! she had really sets the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives
Wow for real?im so excited, Ramos strategy has normalised winning trades for me also,and is huge milestone for me looking back to how it all started.
No doubt ,the very first time we tried we invested $3000 and after a week we received $11,000,that really helped us a lot to pay upfront our bills.
Indeed investing with a proffessional is the best strategy for beginners, as well as busy investors who had little or no time to monitor trades .
I'm confused...when Gui Minhai was being taken back to China, was it the Swedish, Swiss or both he was asking not to intervene?
They are not the same thing. The Swiss are from Switzerland, and Swedes are from Sweden.
under duress probably
I think he wanted to say "Swedes" (or Swedish), but said "Swiss" instead. Those 2 words sound similar.
Look what occurred in Canada. Chinese properties buyers drive up home prices so high that it drive out Canadian from owning a home. It has become unaffordable for the average Canadian.
it's like that in all western countries....
at least they won't need many blue collar workers (who won't be able to afford to live where they work) since the towns they buy in will be half empty -- don't need garbage men if no one is living there to generate trash.
sad and bleak. Govts should be able to foresee issues this phenomena creates but they never act, fast money talks bigger than stability I guess.
The price have been driven up for long by government restrictions on building in new lands. You just fall to their insidious propaganda to shift the blame to Chinese. And if you are honest to yourself, Chinese buyers are minuscule part of foreign buyers, with most foreign buyers come from USA and you don't complain a pip about them.
Hahaha the Thais will not tolerate Chinese arrogance & conceit - the Chinese are in for a big shock 😆
I'm sure the pushback against chinese in thailand will take no time.
Will young Thai couples who want a home for their new families be slowly priced out?
Yes
Absolutely
It's great that Singapore put a 60% stamp duty overnight, is not too late to a halt these crazy property buying spree in Singapore, they can buy Thailand or Malaysia,the loves the money rolling into their country
Don't be a fool for PAP. They will just grant these filthy rich CCP PRCs PRs and citizenship to help them avoid the ABSD.
I hope new Thai government can do the same, Singapore government always are clever and quick response to the change of the world.
@@vassanab4243the PAP is not that clever. It is because their greed is causing a lot of hardship to Singaporeans and many are no longer tolerating their nonsense and illogical talk.
Thai will experience what its like western countries has experienced in past decades
I was told at a bank in Bangkok that mostly because of the Chinese doing this, the banks have a new policy now which makes it not allowed to open a new account with a tourist visa. If you have a marriage visa or any other type, for a company also - no problem. Just with tourist visa cannot open an account anymore.
here in philippines rich chinese people are migrating escaping their country
not true…!
@@ronnienestor real
Make it hard for them, don't serve them, they are ruining Malaysia as we speak.
EXACTLY, freedom of religion is also very important 😢
Thank God for the Chinese people of China and Taiwan, South East Asia and Africa are prospering.
Good for Thailand these Chines investment and people while the western tourists and investors flock to other asean countries like the Philippines, Vietnam and Indonesia.
Learn from Jews history in Europe.
By the start of 19th century, Jews in Western Europe were more or less already integrated into native population. Then came the wave of Jews from Eastern Europe (because of pogrom by the Russian Empire), which were "uncultured" in the eyes of Western European people. Even their Western European Jews became exasperated because those "new" Jews took back Jewish integration to square one. In time, it would ended in Holocaust.
We are about to see the similar thing happens with Chinese of Thailand descent and "new" Chinese. Those mainland Chinese, are uncultured by Thailand (or any South East Asian) standards. It will create a new ethnic tension.
Watch out Thailand your citizens are going to be 2nd Class Citizens in your own country.
Why are Chinese allowed to buy houses in other countries, and no one can buy in China
This sounds like Taiwan becoming Chinese via the back door
Plot twist... I also thought about to buy land in Thailand before... turned out that only thai people can BUY land in thailand.
Buy "property". Non-Thais and own condos outright
Nah, if you have the right connections and enough money, you can buy it “legally”. Like these two sisters from china bought a land near my home and now they are building the house
@@faimist8993 its true. laws are only for us poors.
@@mithos789 and jails
It is not impossible for foreigners to buy land. Foreign companies can now own land.
good luck Thailand😂😂😂
It's about time the USA woke up 😔.
The Chinese are HUGE owners of real estate property of all sorts.
Farming, rental and have caused inflation in the market, causing difficulty for the US national to afford. This has suited well only,
for the wealthiest in the USA.
China less travel to Thailand this year. They less money than previous. Although there are many Russians in Thailand. Have been for years. Contrary to expectations. Can not buy properties only Condos.
Thai very aware of Chinese poor behaviour and reputation.
I hope that some day chinese people will understand that chinese immigrants are not discriminated against in the us or in the west generally. People in the west oppose the ccp and its treatment of chinese people in its own country and abroad. People in the west understand that the ccp is not the same as chinese people and that they do not necessarily share the same politics
Yes but the west broke the rule of law seizing the russians assets in the beginning of the Ukrainian war
Unfortunately the majority of mainland chinese staying in western countries, became citizens but deep inside is pink red at heart.( pro CCP). The sane ones are very rare.
at least they arent discriminated from the whites & outside universities
You sound like another politician, we are not against the Chinese but the CPC government. When you are on the street the white, black or latino will stare at you and others will give you a punch, if you are not lucky.
No, not entirely just CCP’s fault. Chinese tend to disregard and disrespect local lifestyle and sees foreign country as of their own, for who knows what reason. I’ve already seen and experienced quite a number of glaring examples to make me feel hating Chinese in general too, even though individually I don’t discriminate and try to keep an open mind.
It seems very basic that you respect the law, tradition and lifestyle of whichever country you visit/live in, right? Chinese don’t think that way. They want to live Chinese style in Australia, in US, in Canada, in Japan… and drag everyone else to go with them.
Thai locals will be so happy with all these foreigners driving up property prices, thereby pricing themselves out of the market!!
Excellent ending. Must watch till the end.
Bangkok is located in central Thailand.
Divisoria is located in central Philippines.
now i see how they play their cards.
be WARY!
I hope everyone knows you will at maximum 49% of property.
The Thais are extremely smart. The reason Thailand never got conquered like the 95% of the rest of us.
It is a beautiful country and should never be infected with the ROW total crap politics and other things. Maybe the rest of SE Asia should copy and not destroy.
What are the chances they buy up properties in Thailand and end up pulling another pyramid scheme under another company name?
100% since the locals are already facing this for years.
But mostly condominiums and illegal properties.
The locals call this “Gray Business” or “ธุรกิจสีเทา” in Thai.
Let them spend their monies and BUY land stuff all over the World. Then when they finally do try for Taiwan, those countries will get it all back (confiscated)... at "zero" cost'... ;)
hahaha
I like this channel and the videos. They are very informative about what is really happening with real people and real current events as well as casting a light on what the government is doing. I just want to ask. Why? Why do you make these videos on seemingly a daily basis in a language more people understand. I'd love to know what drives all of you. lots of love.
The channel is part of NTD (New Tang Dynasty) that was established by Falun Gong diaspora in the USA. So it's a given that they are hostile to CCP.
That being said, I still haven't see any CCP produced counter news in the mainstream media that aren't clearly propaganda.
So yeah, while I have a grain of salt on their videos, this channel is still far more credible than anything CCP offered.
Rich Chinese hiding their money in the form of property ownership 👍
Better idea. Build special buildings for the Chinese buyers and let the Chinese only buy apartments in these.
Indonesia tried that, and local population denounced it as government trying to create a colony for China.
@@gorilladisco9108 Interesting
News flash...u cant buy property in thailand if ur not thai
yes you can, just cannot buy land....
News update, foreigners can buy condo as long as the percentage owned by foreigners in a particular building is not over 49%, and that number may have been higher lately
Many of them "buy" Thai citizenship so they can then legally buy land in Thailand. There are ways to get around laws if you have money.
They can hire dummies. Money can do things.
Knowing the PRCs they will use bribes and blackmail to get the Thai lawmakers to grant them Thai citizenship and a blessed alias Thai name to go along with it. Already happening in Singapore.
Thank you for this
Has Russia seen a surge in Chinese real estate property investment purchasing the way Thailand or the Phillipines might have had?
Those splint eyes shouldn't come to SEA
I oppose the CCP, and yet, I don't know how to feel about Chinese people being denied the right to buy property here in the US. I feel it is probably the cautious decision. And yet I feel bad for the people stuck in China, imprisoned in an evil system for the crime of being born. If China didn't have such a bad reputation, then these laws wouldn't be necessary. But the people of China to a large degree buy into the propaganda their state puts out and are themselves quite xenophobic. I'm just glad it isn't my decision ultimately.
Think of it this way. Chinese might be okay. They might be trying to live their own lives. Normal people.
Same note.
Chinese might be CCP aligned and part of known Thousand Talents program to steal intellectual property. Could be infiltrators. Intentionally coming to cause strife.
Safe play or nice play? I choose safe.
The mainland chinese have themselves to blame. unfortunately the sane mainland chinese are very rare and majority of them are little pinks.
It's done so the secret police can't do the same.
Many times property is bought for investement, not to live in. I'm against housing being used in that way by anyone, foreign national or otherwise. Housing should be affordable to the locals in the area and should be populated by permanent residents. The majority of the issue is with corporations buying up houses, not individuals, but individuals who own multiple houses with the intent to make money are part of the problem.
I'm entirely supportive of Chinese people seeking freedom in the US or elsewhere, as well as buying houses as long as they live in them.
1. It's called property banking and its a scourge in foreign domestic housing markets.
2. The one thing Chinese won't ever do is take responsibility for their role in creating their own jailer. 2:15
So I guess Thailand is the next real estate market the Chinese are going to make absolutely accessible to the locals.
Meanwhile Singapore housing prices flying through the roof