October 2024

Foreign ownership of condominiums has been increased to 75% in response to sluggish sales. What are the disadvantages?

Thailand's Ministry of Interior has announced that it has been ordered by Cabinet to amend the Land Law to raise foreign ownership limits in condominiums to 75% from the current 49%, and to extend the period for which foreigners can lease land in Thailand to 99 years from the current 50 years.  Interior Minister Anutin explained that in practice no major changes to the Land Law are needed, as...

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