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Real estate sector to propose alternative to foreigners buying land in Thailand

Real estate sector to propose alternative to foreigners buying land in Thailand

23 Sept 04:17 Key points summarised by AI
  • Thai real estate organizations plan to propose an alternative to the government's controversial edict allowing foreigners to buy land for residential purposes.
  • The new proposal suggests permitting foreigners to purchase houses (up to 0.16 hectares) with specific limits on size and price, alongside a requirement for long-term residential visas.
  • Foreign house-owners would be granted limited voting rights in housing unit management bodies, distinct from the full rights afforded to Thai nationals.
  • The sector views the current Interior Ministry edict as unlikely to boost the Thai economy and acknowledges the fierce resistance it faces from nationalist groups.
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Economy 1/1
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