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Property

Chinese bet on properties in Thailand ahead of COVID recovery

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

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

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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