Feb 28, 2024
Myanmar Elite Becomes Top Spenders in Thailand's Luxury Property Market
Myanmar's affluent elite have become the top spenders in Thailand's luxury property market, surpassing Chinese and Russian counterparts. They have splurged 2.25 billion baht on properties in Bangkok, Phuket, and Chiang Mai, with average prices exceeding those coveted by other foreign buyers. They are showing a preference for opulent condominiums in prime locations and luxurious pool villas. The trend is propelled by the political instability in Myanmar, leading millionaires to seek refuge in Thailand.