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DPM Supattanapong defends government’s foreign land-ownership policy
AI In-brief 14 Sept 01:37

DPM Supattanapong defends government’s foreign land-ownership policy

  • Deputy Prime Minister Supattanapong Punmeechaow defended the government's foreign land-ownership policy against criticism from Move Forward Party Leader Pita Limjaroenrat in the House of Representatives.
  • Pita questioned the policy's effectiveness, noting only eight foreign land purchases since a similar 2003 initiative and highlighting the significant land ownership disparity among Thai citizens.
  • Supattanapong asserted the policy aims to attract foreign investment and highly-skilled professionals to boost Thailand's economy and new industries, emphasizing that regulations are stringent and the state retains revocation rights.
  • He cited Seoul's success in attracting skilled foreigners by fostering a 'liveable city' environment, clarifying that the government targets one million long-term visa stayers, not all of whom are expected to buy land.
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