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Visitors at a real estate fair in Bangkok in March. (Photo: Somchai Poomlard)

The slowdown in the real estate sector is expected to trigger a price war in the property market and dampen the purchasing power of upper-income homebuyers.

Amonthep Chawla, chief economist at CIMB Thai Bank (CIMBT), warned the housing market may encounter a price war in the near future, similar to what occurred

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