Published by
The Bangkok Post
The Bangkok Post
Foreign property lures are rejected Government still wants to entice wealthy expats The Centre for Economic Situation Administration (CESA) chaired by Prime Minister Prayut Chan-o-cha yesterday put the brakes on proposals to increase foreign ownership quotas for condominiums from 49% and expand property leasehold rights for foreigners from 30 years to 50 years. But it agreed in principle on a proposal to allow foreigners to hold land ownership of one rai for residential purposes. The Land Department has been tasked with studying the feasibility for two months, then making a proposal to CESA fo…