Singapore has been ranked first and Thailand second in a newly released Expat Explorer survey by UK-based bank HSBC because of the growing interest of foreigners in the two countries’ real estate market.
See the interactive graphic and the global comparison here.
Especially Thailand is becoming a new favourite of Southeast Asian travellers and property buyers and is absorbing more business that was once reserved for more far-flung foreign locations like London. Chinese, Malaysian and Japanese buyers are plentiful, but analysts are also seeing more interest from the UK, Australia and Russia.
Phuket is emerging as the favourite island destination in Southeast Asia with its international airport seeing a record 9.5 million arrivals and departures in 2012, up 13 per cent on the previous year, and outstripping other popular locations such as Pattaya, Koh Samui and Chang Mai.