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Restrictions on foreign residents’ land ownership in Thailand to remain

13 Sept 10:53 Key points summarised by AI

Thailand's Deputy Government Spokesperson confirmed that the fundamental principle prohibiting foreign land ownership remains unchanged, despite recent cabinet decisions on incentives for long-staying foreigners.
Foreigners are permitted to own a maximum of 49% of a condominium building's total space, with the remaining 51% reserved for Thai nationals.
While direct land ownership is restricted, foreigners can rent land on a long-term basis, provided they comply with special laws, such as those governing the Eastern Economic Corridor (EEC) mega-project.
The government aims to attract four specific groups: high-income earners, foreign retirees, experts in various fields, and those seeking to use Thailand as a base for remote work.
Despite current restrictions, government spokespersons indicated that laws and regulations concerning land ownership will be amended in the future to further attract foreign investors, alongside other incentives like tax exemptions.

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.