Property buyers from Myanmar shopping in Thailand are seeking residential units in Phuket and Chiang Mai, attracting a developer from the nation to invest in a single detached house project in Chiang Mai province.
Karlo Pobre, deputy managing director of property consultant Colliers Thailand, said interest in Thai property among buyers from Myanmar was expanding from investment purposes to recreational purposes.
“Buyers in Myanmar have been more active every year since the ongoing political unrest,” he said. “The recent wave considers Chiang Mai a retirement destination and Phuket for vacation homes.”
In Chiang Mai, buyers were looking for single detached houses priced between 20-30 million baht per unit, according to Colliers. While freehold property ownership may be challenging, leasehold is acceptable for them.
In Phuket, buyers from Myanmar are interested in villas priced at 40 million baht per unit in locations including Laguna and Bangtao Beach.Source: Bangkok Post
