Foreign buyers are shifting focus to tourism destinations like Chiang Mai and Phuket as Bangkok condo demand weakens, with returns of 7–13% attracting capital from China, Russia, Taiwan, and Myanmar. Major developers (Sena, Origins, Aorsin, Sansiri) are opening new distribution channels (Chinese platforms Douyin, XiaoHongshu, Taiwan expos) and offering agent commissions of 7% and lifestyle perks (free visas, airport fast-track) to capture the market. However, overall foreign condo transfers in Q1 2026 grew only 1% year-on-year and fell 22% sequentially, with Bangkok declining 2% and Chinese buyers particularly soft. Recovery in H2 is expected to remain weak due to government anti-nominee measures dampening business buyer confidence.