China poised to be top foreign buyer of Thai property

Bangkok

SANSIRI, one of Thailand's largest property developers by sales, sees China becoming its biggest foreign revenue source as early as this year, the latest sign that the world's largest property-buying binge is undimmed by China's tighter capital controls.

The Bangkok-based developer has seen no cancellations from Chinese buyers since the world's most-populous nation imposed stricter rules to deter residents from buying overseas property, head of International Business Cobby Leathers said in an interview.