Many Chinese visitors call Bangkok their second home, according to the Noble Development Plc chairman. (Bangkok Post file photo)Chinese will keep buying Bangkok property despite the slowdown in Asia’s largest economy amid the trade war with the United States, according to Noble Development Plc. "Our market is so tiny compared with huge demand from China," he said, adding the capital has become a "second home" for many Chinese. Noble’s view runs counter to the argument that a glut of condominiums and stricter mortgage-lending rules are creating a buyer’s market in Bangkok as the Thai economy weakens. An index of Thai property developer shares has fallen about 10% in the past year, exceeding the slide in the overall stock market.

Source: Bangkok Post May 23, 2019 02:02 UTC