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Foreigners might be able to own land in Thailand, but there’s a few catches
Foreigners might be able to own land in Thailand. The proposal is being drafted by the Thai Interior Ministry which would allow foreigners to own up to 1 rai of land (around 1,600 square metres, .16 hectare or .4 acre).
But, yes, there’s a catch. Foreign buyers would be required to invest 40 million baht in Thailand for a period of 3 years in order to be eligible for land ownership. Despite the up-front barrier, Thai politicians believe the proposal will help stimulate foreign ownership of property in Thailand.
Why even bother spending time and effort coming up with such a policy?
Almost no-one qualifies and any that do contemplate it are likely not playing with a full deck of cards. You would have to be a nutjob to be considering that for 1 rai of land... assuming the goalposts don't change like the weather or it just gets canceled and quietly swept under the carpet with the next change of government.
Meanwhile, I bet all of these oppressor government types and ministers all have property in Europe/North America etc. The West should bring in a bit of reciprocity on a few things to encourage these dinosaurs to move into the 20th century.
There was a similar scheme a few years ago through the Thailand Board of Investment that never really had a chance. It was for the same money but for 5 years. The BOI got to tell you where you could invest your 40 million (as in which part of the country) and where also your 1 rai of land could be located. The so-called ownership was for as long as the individual was alive, and it could not be passed on the heirs.
I don't see a problem.
1. Invest a million quid in Thai government bonds for 3 years.
2. Then they'll allow you to buy a square of land (1600 sq.mtrs or 16% of a hectare.)
3. You'll probably purchase the land at a special price (inflated) along with government taxes.
What an excellent deal. You'd better get in quick as there'll be a queue!
(For those that don't understand sarcasm, there's an example!)
HHTel wrote: ↑Wed Jul 13, 2022 11:49 pm
I don't see a problem.
1. Invest a million quid in Thai government bonds for 3 years.
2. Then they'll allow you to buy a square of land (1600 sq.mtrs or 16% of a hectare.)
3. You'll probably purchase the land at a special price (inflated) along with government taxes.
What an excellent deal. You'd better get in quick as there'll be a queue!
(For those that don't understand sarcasm, there's an example!)
Thanks, I've been looking for a safe, high dividend-paying investment. Now, where did I put that broker's number?