Thailand Surges as a Top Overseas Real Estate Destination for Chinese Billionaires in 2023

Heading: Thailand among Top 5 Overseas Home Buying Destinations for Chinese Billionaires

Subheading: Investment and Relocation Motivate Chinese Millionaires to Buy Property Abroad

The latest data from Juwai IQI, a renowned market data aggregation platform for real estate, reveals the top 10 countries preferred by Chinese millionaires for buying properties or making real estate investments during the period of January to June 2023. Australia claims the top spot, followed by Canada, the United Kingdom, the United States, and Thailand. Other countries on the list include Malaysia, Japan, the United Arab Emirates, Vietnam, and Singapore.

The report highlights the various motivations that drive Chinese millionaires to invest in overseas real estate. Among these, diversifying investment portfolios emerges as the primary reason, accounting for 61% of Chinese wealthy individuals buying properties abroad. Additionally, 56% of major Chinese investors express intentions to emigrate or relocate. Furthermore, 37% purchase real estate abroad for personal living purposes, while 4% invest to generate additional rental income or for retirement plans.

Juwai IQI reveals that the demand for real estate in Australia among wealthy Chinese surpasses the interest in other popular markets such as Canada, the United Kingdom, and the United States. This conclusion is drawn from the number of buyer enquiries received on the Juwai IQI platform. Remarkably, the United Arab Emirates, which previously ranked 13th in 2021, has risen to the eighth position this year, while Germany dropped out of the top 10 list.

With regards to the Southeast Asian region, countries like Thailand, Malaysia, Vietnam, and Singapore are emerging as attractive destinations for real estate investments. This trend is reflected in the preferences demonstrated by Chinese millionaires.

Khashif Ansari, CEO and co-founder of Juwai IQI, comments on the future outlook, stating that the demand from Chinese investors is likely to continue growing as international travel gradually returns to normalcy after the COVID-19 era.

In addition, the Juwai IQI report predicts a significant mass movement of Chinese individuals leaving their home country in the coming years. It estimates that between 2023 and 2025, approximately 712,000 Chinese citizens will relocate and settle in the United States, Canada, and Australia, thereby driving further investment in foreign real estate.

These findings further emphasize the evolving landscape of international real estate investment and the changing preferences of wealthy Chinese individuals. As the market adjusts, it becomes imperative for industry players to closely monitor these trends and adapt their strategies accordingly.

References: Bloomberg, Juwai IQI

Key points:

Thailand is among the top 5 overseas home buying destinations for Chinese billionaires in the first half of 2023, while Australia is ranked No. 1. The main motivations for Chinese millionaires to buy property overseas, including investment and relocation, demand from China is expected to rise further. As international travel returns to normal after the COVID-19 era

Data from Juwai IQI, a market data aggregation platform.real estateInternational states that the top 10 countriesa Chinese millionairepopularbuy a house orreal estate investmentThe biggest during the months of January – June 2023 are as follows.

1. Australia
2. Canada
3. United Kingdom
4. United States
5. Thai
6. Malaysia
7. Japan
8. United Arab Emirates
9. Vietnam
10. Singapore

for “motive“The main thing that doesa Chinese millionairedecidereal estate investmentabroad is divided into

for investment

61% of Chinese rich people buy real estate. abroad to diversify investment portfolios

move country

56% of major Chinese investors emigrate. or plans to move abroad


37% of Chinese rich people buy real estate. abroad to live alone

rent out

4% of Chinese rich people invest in real estate. abroad to rent as additional income

retirement life

4% of large Chinese investors buy real estate. abroad for retirement

The report says so needreal estate inAustraliaof wealthy Chinese surpassing interest in other popular markets such as canada United Kingdom aUnited States Based on the number of enquirieshouse priceof buyers on the Juwai IQI platform

whileUnited Arab Emirates (United Arab Emirates), which was ranked 13th in 2021, rose to eighth this year, while Germany dropped out of the top 10 group of four countries.south east asiaattached to the dart, for example Thailand, Malaysia, Vietnam aSingapore

Meanwhile, Khashif Ansari, CEO and co-founder of Juwai IQI, said the demand forChineseIt is likely to continue to increase as international travel returns to normal after the COVID-19 era.

According to the Juwai IQI report, the mass movement out of China over the next few years will continue to drive investment.foreign real estateIt is estimated that between 2023 and 2025, around 712,000 Chinese will leave their home countries to settle in the United States, Canada and Australia.

References: Bloomberg, Juwai IQI

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