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Thailand's condo market sinks as Chinese investment ebbs

Coronavirus travel bans speed drop sparked by stronger baht and trade war

Thailand's coronavirus lockdown left central Bangkok deserted. The pandemic has rubbed salt in the wound left by falling Chinese real estate investment. (Photo by Akira Kodaka)

BANGKOK -- Beijing native Bobby He has a dozen Chinese friends who own condominium units across Thai hot spots such as Bangkok, Phuket and Pattaya.

"Some even bought three units at the same project," he said. "They plan to retire in Thailand, so one unit is for self-stay while the other two are to rent out to support retirement life."

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