Thailand offers cheap residency visas for condo buyers

Government push aims to attract overseas money as COVID ravages real estate

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A construction boom in Bangkok, and other Thai cities, has led to a supply glut. © Reuters

JASON TAN, Contributing writer

BANGKOK -- Thailand will provide a two-year window to receive its much-touted residency visa for free or at a discount through property purchases in a bid to lure foreign buyers to its slumping real estate market that has been saddled by COVID-19.

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