Chinese bet on properties in Thailand ahead of COVID recovery

Hotels and land in Phuket and Pattaya at discounted prices lure investors

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The resort city of Pattaya. Chinese are betting on Thai properties ahead of recovery from the pandemic, while prices are low.

JASON TAN, Contributing writer

BANGKOK -- Thailand's raging pandemic has failed to deter aspiring Chinese entrepreneurs from starting businesses, with some even plowing money into acquiring hotels, property and land amid record-low prices.

This comes as the Southeast Asian country battles its worst outbreak yet, which hit a high of over 23,000 infections per day in mid-August. Recent cases have hovered around 15,000 a day.

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