Thailand condo market loses steam as Chinese, Russian money retreats

BANGKOK — Thailand's condominium sales are showing signs of slowing after a run led by Chinese, Russian and other foreign buyers.

Condo units purchased by foreign buyers fell 6% year-on-year to 3,342 units in the April-June quarter, and fell 18% in value to 14.8 billion baht ($449 million), according to the Real Estate Information Center, part of Thailand's provincial government. – State Housing Bank.

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