Cambodia and Thailand has become first choice for Chinese property buyers.

According to the number of enquiries, Thailand's overseas buyers' overseas property buyers ranked top in the rankings of overseas buyers in 2018. This ranking not only surpassed Australia and the United States, but also for the third consecutive year, which is better than the sixth place  in 2016 and the third place in 2017.

The CEO of JUwai.com Luo xuexin said that to Bangkok Post: Chinese buyers are ranking 4th place in the most popular list, they invest 2.3 billion in realty of Thailand.

 Luoxuexin said that : we never expect that Chinese buyer would enquire Thailand like that, it is reflected that local developers provide not only top quality residential projects combined with lifestyle but also promising investment.

Significantly,Thailand will be a general election in May 24th . Luo Xuexin said that In spite of the election is important for domestic Thailand,but most of Chinese buyers are not worry about it.
 Therefore,CNBC believes that this move highlights the persistent appeal of this Southeast Asian country to Chinese buyers, and the political turmoil has not cooled the Thai property market. In addition, since 2014, Thailand's economy has been growing at a high rate, with GDP growth of 3.9% in 2017which is the best rates in five years.

In addition to Thailand, its neighboring Cambodian capital Phnom Penh has also become the choice of Chinese buyers in recent years. Some developers even advertised that “Phnom Penh is  as same as Shenzhen( 30 years ago one), Shanghai (20 years ago one), Singapore (10 years ago one)” To attract  property  investors from  China.

According to data provided by the Juwai.com to the daily economic news, Phnom Penh is the most popular city among Chinese buyers in Cambodia. In 2018, the number of inquiries from Chinese buyers surged by more than 550% from the previous year, with 78% of Chinese inquiries asking for property prices ranging from $50,000 to $250,000. Of all Chinese buyers who buy property in Cambodia, 88.7% are for investment.

Luo Xuexin also said to the media that the interest of Chinese buyers in Cambodian property has increased year by year, mainly they hold the hope of future appreciation.

However, for the booming of Chinese investor rush into Southeast Asian countries, the Beijing News commentary gives a fairly sharp risk warning:
A real estate market with foreign funds piled up cannot guarantee a stable high rate of return. Last year, the return on investment in Phnom Penh exceeded 20%, ranking first among overseas real estate investment returns. However, this high rate of return is basically the result of domestic funds advertisement . Once you can't discern it, you may ruin all the investment in your hand. The domestic financial risk control and foreign exchange management policies obviously will not support unlimited advertisement.
The media also believe that exchange rates,various policy in different countries and regions, and potential administrative interventions are risky. Compared with the hot market in Southeast Asia, Chinese buyers have gradually cooled their enthusiasm for the traditional property market.
Wall Street has previously mentioned that Real Capital Analytics data shows that in the fourth quarter of last year, investors from mainland of China sold 854 million US dollars of commercial real estate for the first time in a row for the first time in three consecutive quarters.
For the full year of 2018, Chinese investors netted $2.63 billion in US real estate, the lowest level in six years. In an interview with the Bangkok Post, the CEO of the foreign network Luo Xuexin estimated that Chinese buyers' total investment in the Thai property market reached 2.3 billion US dollars, ranking fourth on the most popular list.

For 2018, Chinese investors netted $2.63 billion in US real estate, the lowest level in six years. (Source: Juwai.com)