News Forum - Proposals to up foreign ownership quota for condos, extend leasehold rights rejected

[Thaiger]

While plans for a 10-year visa scheme for the wealthy and high-skilled professionals is moving forward, proposals to increase the foreign ownership quota for condominiums and the maximum lease for foreigners were rejected by Thailand’s Centre for Economic Situation Administration. The proposal to allow foreigners to hold ownership of one rai of land for residential purposes was agreed in principle. In its meeting last month, chaired by PM Prayut Chan-o-cha, officials decided to scrap the proposals for an extension of leasehold rights to the current maximum of a 30-year lease for expats to a 50-year lease as well as an […]

The story Proposals to up foreign ownership quota for condos, extend leasehold rights rejected as seen on Thaiger News.

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[ExpatPattaya]

Need to have "retirement" condos as well, no children under 20 allowed. 

[MelBurn]

8 minutes ago, ExpatPattaya said:

Need to have "retirement" condos as well, no children under 20 allowed. 

They do exist. 

[DWiener]

21 minutes ago, ExpatPattaya said:

Need to have "retirement" condos as well, no children under 20 allowed. 

You can always live in a 'pool villa' inside one of the gated communities with the same house that everyone else has and a 10sqm garden with your kitchen window about 1m from your neighbours toilet window. Lovely

[Artemis080]

1 hour ago, Thaiger said:

While plans for a 10-year visa scheme for the wealthy and high-skilled professionals is moving forward

At glacial speed...

[HolyCowCm]

3 hours ago, ExpatPattaya said:

Need to have "retirement" condos as well, no children under 20 allowed. 

Does that also include no female guests over 18?

[Bike]

With hardly any foreigners in the country and the Thai people not expexring any revenue of rentals the sales of condo is very quiet. 

But the question here is:"How many foreigners have a lease on a condo instead of freehold ownership? And how many own condo, land and houses on a company name?" When you add these to the quota of foreigners it will be much more than 49%.

[HiuMak]

20 hours ago, Thaiger said:

While plans for a 10-year visa scheme for the wealthy and high-skilled professionals is moving forward, proposals to increase the foreign ownership quota for condominiums and the maximum lease for foreigners were rejected by Thailand’s Centre for Economic Situation Administration. The proposal to allow foreigners to hold ownership of one rai of land for residential purposes was agreed in principle. In its meeting last month, chaired by PM Prayut Chan-o-cha, officials decided to scrap the proposals for an extension of leasehold rights to the current maximum of a 30-year lease for expats to a 50-year lease as well as an […]

The story Proposals to up foreign ownership quota for condos, extend leasehold rights rejected as seen on Thaiger News.

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Fantastic news.....