Interior Ministry orders probe into daily rentals of condominium units

10 Sept 09:00 Key points summarised by AI

Interior Minister Anutin Charnvirakul ordered a probe into complaints regarding Chinese investors illegally renting condominium units daily to tourists, violating the Hotels Act.
MP Rangsiman Rome urged strict enforcement of the Condominium Act to curb illegal daily rentals, highlighting their negative impact on the hotel sector and the need to prevent exploitation of legal loopholes.
Real estate experts estimate that up to 90% of condos near metro systems are illegally rented short-term, with management companies and police facing significant challenges in enforcement due to owner non-cooperation and lack of evidence.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.