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Real Estate

Ebbing Chinese money forces Thai property developers to think twice

Weak yuan discourages investors from buying condos, causing market downturn

Luxury apartment buildings under construction in Bangkok. Thailand's real estate sector was enjoying a boom until last year.   © Reuters

BANGKOK -- Thai residential property developers are being forced to rethink their project strategies as waning Chinese investment hurts market sentiment, with the sector having shrunk by 13% year-on-year in the first half of 2019.

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