"land sold to foreigners should first transfer to state management under the Treasury Department.
This proposal would let foreigners lease the land for up to 99 years, keeping land ownership with the state after lease expiry."
🤣🤣🤣🤣🤣🤣
So I'm buying the land from a Thai and I'm giving it to the state.
Before, at least it returned to the Thai owner after the rental period.
Now, not only will foreigners not want to buy, but Thais will not want to sell either.