Thailand scraps plan to allow foreigners to buy land

Summary by Ground News

Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners. Earlier this year, the government announced the plan aimed at attracting investment from overseas. Critics have argued the investment sum was too small and that the policy could drive up property prices. Thailand has been on a drive to lure foreign investment to boost the economy.

Published 3 months ago · Thailand

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Reuters

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 (

3 months ago·United Kingdom

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Indian Express

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.

3 months ago·India

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Channel News Asia

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

3 months ago·Singapore

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FijiTimes

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…

3 months ago·Fiji

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Times Live

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.

3 months ago·Johannesburg, South Africa

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Pattaya Mail

Thai cabinet withdraws draft to allow wealthy foreigners to buy land plots

Chayawut confirmed the report that the ministerial regulation draft could be withdrawn from the cabinet’s agenda in its meeting on Nov 8.Interior Minister Anupong Paojinda asked Deputy Prime Minister Prawit Wongsuwon to withdraw a draft ministerial regulation that would otherwise allow wealthy foreigners to buy land plots to attract foreign investment to the country, according to the director-general of the land department.Chayawut Chanthorn, di…

3 months ago·Pattaya City, Thailand

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