Bangkok, Chiang Mai, Phuket attract property buyers from Myanmar

REIC reported that buyers from Myanmar spent some 2.25 billion baht on Thai properties in 2023. — Reuters

BANGKOK: Big-spending buyers from Myanmar have been snapping up more high-end properties in Thailand’s major cities in the past two years, making them top foreign spenders in the property market, according to real estate management company Colliers.

Karlo Pobre, Colliers’ deputy managing director, said that according to the Government Housing Bank’s Real Estate Information Centre (REIC), Myanmar buyers are most interested in properties in Bangkok, Phuket and Chiang Mai.