News Forum - Thailand is not ‘selling off’ the country by letting foreigners buy land, says govt

[Thaiger]

The Thai government is defending its plan to allow foreign investors to buy up to one rai of land after an opposition party claimed that they are “selling off” the country. Foreign land ownership in Thailand comes with strict conditions and the plan will benefit the country’s economy, a government spokesperson said yesterday. The Cabinet recently voted to allow four groups of foreign investors to buy up to one rai of land and/or property in the kingdom. The plan was met with opposition from the Phuea Thai Party, who claims that ‘selling off’ the country to foreigners will make real […]

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[Cqman]

Yes they are selling it of, that is the point of the new law.

To my opinion, no country should allow foreigners to by their land. That is an obvious loss of sovereignty and locals can only suffer from it.