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News Forum - New foreign land ownership law in Thailand can be scrapped if Thais don’t agree

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If Thai people aren’t happy with the newly proposed foreign land ownership law in Thailand, the whole plan can be scrapped, said Minister of Interior General Anupong Paochinda in Parliament yesterday. “We can improve the regulation, such as by increasing the investment to 100 million baht. The plan can be scrapped if people have serious concerns. We won’t see it as a loss of face.” The interior ministry’s draft regulation proposes that foreigners can own a house/up to one rai of land (1600 square metres) in Thailand providing the following requirements are met… Foreigners who qualify to purchase land for residential […]

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