Mar.20 (GMM) Kimi Raikkonen this week eased his frustration following a miserable first race as reigning world champion apparently by embarking on an expensive shopping spree.

The Ferrari driver, who lives in Switzerland, bought a luxurious unit on the beachfront of the Thai holiday island Phuket, for an estimated (US) $1.5m.

"It will be a nice place to go with my family and friends when I have two weeks off in the winter," the Finn said.

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