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Although the construction of this condominium block is still ongoing, about 80% of the units have already been sold, many to Chinese homebuyers. (Photo by Coco Liu)
Business trends

Chinese plow into Thai property as opportunities dry up at home

Buyers from China have poured in $10bn since 2015 as boom shows no sign of abating

COCO LIU and APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writers | Thailand

BANGKOK -- Wei Jie is a busy man. He only takes a day off each week and has not had a vacation for six months. During a recent interview with the Nikkei Asian Review, Wei's phone did not stop buzzing with calls from clients.

But Wei is not an executive of a Fortune 500 company nor is he a founder of a highflying startup. He is a real estate agent in Bangkok.

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