Pattaya One News
Home » Foreigners may be able to actually own land in Thailand – even if it’s just temporary.
National

Foreigners may be able to actually own land in Thailand – even if it’s just temporary.

Foreigners may be able to actually own land in Thailand – even if it’s just temporary.

Speaking on Thursday night at an estate trade event, finance minister Apisak Tantivorawong said his ministry is studying a way to grant foreigners 50-year leases to Thai land, though the actual plot owners would still need to be Thai nationals.

Under Thai law, foreigners cannot own land. In practice, many foreigners resort to using Thai proxies, often established through private companies, to own land or homes on their behalf, which can prove legally precarious when disputes arise.

Atip Bhijanonda, chairman of the developers association which hosted Thursday’s event, praised the finance ministry’s proposal. He urged the government to go a big step farther and allow foreigners to actually buy and own lands in their own name.

“Thai people are strange. When they send their children to study abroad, they buy houses for their kids,” Atip said. “But when foreigners come here, invest here and give their money to us, we don’t let them have their own homes. This is selfish thinking.”

Thursday’s proposal, if implemented, would allow foreigners to lease land in their own name for half a century.

Apisak hoped the policy would rekindle the kingdom’s real estate boom, as demand for land would potentially pour in from around the world.

Atip, the housing association chairman, said the proposal is a “correct idea.” Thai law allows foreigners to lease factories and commercial buildings for 50 years, yet they can only lease houses and residential buildings for 30 years, and the discrepancy doesn’t make sense, Atip said.

Soucre: Khaosod

5 comments

đánh bài mậu binh online December 22, 2019 at 6:29 AM

922153 380645You produced some decent points there. I looked on the web for that difficulty and discovered many people is going together with with the internet web site. 181982

Reply
tile bong da December 24, 2019 at 1:36 PM

175805 579375My wife style of bogus body art were being quite unsafe. Mother worked with gun very first, right after which they your lover snuck totally free upon an tattoo ink ink. I was sure the fact just about every really should not be epidermal, due towards the tattoo ink could be attracted from the entire body. make an own temporary tattoo 599791

Reply
Freelance WordPress Developer London December 27, 2019 at 10:34 AM

87967 793827Id want to consult you here. Which isnt some thing Which i do! I enjoy reading a post that can make men and women feel. Also, appreciate your permitting me to comment! 174801

Reply
Bali,Indonesia December 30, 2019 at 2:22 AM

883482 440966I really like this information presented and possesses given me some type of resolve forpersistance to succeed i truly enjoy seeing, so sustain the exceptional function. 306734

Reply
Kapan Waktu Yang Tepat Makan Pisang - Komunitas Kaskuser Polri January 17, 2020 at 6:52 PM

when summer comes, our summer activity ranges from kayaking to mountain climbing and also hiking too,

Reply

Leave a Comment

%d bloggers like this: