Chinese Investors Rush to Sell Overseas Properties

Chinese Investors Scramble to Sell Overseas Properties Amid Shaky Economic Conditions

Chinese investors, who used to favor property as their primary investment for wealth accumulation, are now scrambling to sell their overseas properties due to unstable economic conditions. Small apartments and condos in Southeast Asia, particularly in Thailand, were popular choices for the Chinese middle class in the late 2010s due to their affordability and geographic proximity. However, economic uncertainties, exacerbated by the ongoing pandemic, have prompted Chinese property owners to look for buyers for their investments. A Guangdong-based property agent is currently representing more than 200 middle-class Chinese families who are looking to sell their properties in Southeast Asian countries.