Can Phuket Attract Taiwanese Property Buyers?
Category: Real Estate
A recent news piece in the Bangkok Post caught my eye, which cited government data in Taiwan that 17% of locals bought property overseas.
Two key markets mentioned were Tokyo followed by Malaysia's Kuala Lumpur. The demographics of young professionals in their 30's who worked in hi-tech or the financial services sector were mentioned.
Demand came from those looking at rental yields and unit sizing of 2 bedrooms and more.
Viewing the nearby KL market the one thing that strikes a challenging note to developers is that bank financing is readily available, while this remains an obstacle in Thailand.
For venturesome property entrepreneurs though, Taiwan might be worth having a look at.