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Bangkok Post

Business

Chinese investors snapping up real estate in Phuket

Phuket Knight Frank

Locals and tourists visit Nakkerd Hill lookout, which affords sweeping views of Phuket and its beaches. (File photo)

Chinese investors are rushing to buy real estate in Phuket, snapping up condos, villas, shophouses and durian orchards to cater to tourists from their own country, according to property consultant Knight Frank Thailand.

Nattha Kahapana, the consultant's managing director, said the Phuket property market is experiencing a surge in demand, fuelled by Chinese property investors and Russian buyers.

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