Thailand scraps plan to allow foreigners to buy land

Thailand scraps plan to allow foreigners to buy land

Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday, after a public backlash against the plan.

Thailand scraps plan to allow foreigners to buy land

Interior Minister Anupong Paochinda called the issue "a delicate matter" and said a study was needed to weigh the advantages and disadvantages.

Thailand scraps plan to allow foreigners to buy land

BANGKOK: Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday (Nov 8), after a public backlash against the plan. Earlier this year, the government announced the plan aimed at attracting investment from overseas, limiti

Thailand scraps plan to allow foreigners to buy land

BANGKOK - Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday, after a public backlash against the plan. Earlier this year, the government announced the plan aimed at attracting investment from overseas, limiting foreigners to 1 rai (0.16 hectares) of land if they invest at least 40 million baht (

Thailand scraps plan to allow foreigners to buy land

BANGKOK (Reuters) – Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday, after a public backlash against the plan.Earlier this year, the government announced the plan aimed at attracting investment from overseas, limiting foreigners to 1 rai (0.16 hectares) of land if they invest at least 40 million baht ($1.07 million) in securities or bonds for at least t…

Thailand govt cancels proposals to allow foreigners to buy land in Pattaya, Bangkok

Critics argued that move may hike land prices, making it tough for locals to own land