Still, market observers remain optimistic about the real estate capital inflows, going by the strong track record the ASEAN community has charted in the last decade. Real estate investments in the ASEAN region recorded a total of 1 trillion baht (UA$28.190 billion) in capital inflow between 2005 and 2014. For the last five years from 2010 to 2014, China reigned as the top investor in the ASEAN market at 29% of total investment volume, which amounted to 159 billion baht (US$4.423 billion) of Chinese capital. This was followed closely by Singapore in second position, with a value of 153 billion baht (US$4.268 billion), which made up 28% of total investment in that period.