Foreign property owners now allowed to return to Thailand

[Albert Zweistein]

12 hours ago, Henryford said:

Only a fool would buy a Thai property now. This virtually stops you from ever using it.

Maybe foolish Chinese or Chinese fools ?

[Dave67]

Would it not be easier to come in as tourist and then sort out ?

[malthebluff]

Finally done it for me time to sell up and move to other maybe Cambodia or Philippines much cheaper and they actually want us there. 

[flyingfox1]

This is so confusing, if a-o is 80.000bhat for one year visa (funds in thai bank ) then is the 3M bhat visa required by property owners is for 5 yr visa stay ? 
800.000 x 5 = 4m right ? 
- 1m for discount ? 

Then I assume that in 5yrs it will be a repeat? 

Sorry if my maths are off but I’m trying to get my head around all this as There has to be something sane somewhere unless it’s all insane everywhere ! 

[DB58]

14 hours ago, NorthernRyland said:

Seriously 3 million baht? This is no way to treat people who own condos. I wish sometimes we could do this <deleted> to the Thais that live in our countries. Maybe they would learn something in the process.

Righteous indignation aside, I like to think that westerners have higher core values than to treat people in such a manner. Two wrongs don’t make it righteous...

[smew]

this is absurd crazy indeed .. more loops for us to jump through so we can support them and their economies  

[garyk]

Can’t imagine what it is going to be like in the next 5-10 years for expats. The virus is the perfect excuse to ramp up the purge.

[androokery]

It seems to me that the government just wants to make sure that the first group of foreigners allowed to come into the country is the wealthiest segment of the supposedly 39.8 million people waiting to come. That’s why they keep asking for proof of disposable funds. When they have found out that their rules only lured a few people to come, they will lower their requirements. But just a little, so as to capture the richest 2%. And so on. It will take time with this strategy, but all these generals/ministers are congratulating each other on their ingenious scheme. But they don’t seem to think about what it means for the country’s image. 

[kiwikeith]

16 hours ago, Raymonddiaz said:

Non B is for people who intend to work in Thailand. What’s really going on???? More confusions.....

I think this is wrong, maybe written overnight. My friend who is stuck in NZ has just received an exemption from the Thai embassy to return. 

 

They have sent him visa application papers. He has owned a property for 15 years. I have not seen the paper work yet, he is in his early 80s.

He will pay the fares and quarantine, I don't know what he's doing about insurance, he has the bank part under control. 

I see NZ not on the UK list, must be o on the Thai embassy NZ list. 

I think this first issue of rules will be tailored eventually as it won't get Airlines up and running,, nor will the insurance greedies experience a gold rush, but it is a start and my guess is that it will be tailored. 

I will keep you informed regarding visa requirements and insurance when I know more 

Cheers 

[Derek B]

16 hours ago, Surelynot said:

OMG.....this doesn't apply to the Chinese as well...... does it?.......It can't do, they are flooding back into my condo at the moment.

You have to wonder just how are they getting into Thailand or for that matter out of China.

[lkv]

1 hour ago, garyk said:

Can’t imagine what it is going to be like in the next 5-10 years for expats. The virus is the perfect excuse to ramp up the purge.

Anybody sane enough should make plans to liquidate if possible and say bye bye.

 

It's better voluntary than to find out the bad news upon their next extension.

 

I would like to take the opportunity again to remind the retirees they are not in fact retirees in Thailand, they are retirees in their home countries, and all these non O visas are not really to live in Thailand, but more to visit Thailand for extended periods of time, provided one goes along with the requirements.

 

I do predict the dissapearance of non O for retirement. It has vanished at many consulates pre covid anyway.

 

And silly new conditions for extensions plus more red tape and money.

[ChakaKhan]

18 hours ago, madmen said:

So punters drop eg 5 to 15 million baht on a home and now need to show 3 million to use it

 

Sounds fair 

Perfect time to reinstate the old Thai marketing promo--"Trust me I'm Thai"

[Thaijack2014]

18 hours ago, NorthernRyland said:

Seriously 3 million baht? This is no way to treat people who own condos. I wish sometimes we could do this <deleted> to the Thais that live in our countries. Maybe they would learn something in the process.

Sorry, but this is one of the most hilarious remarks I have read so far, but unfortunately one that is often done. So Thais that live in "our countries" and didn't do anything bad, have to be punished because their government is treating foreigners (who also didn't do anything wrong) as milk cows? They didn't do anything and the Thai government wouldn't care less for those people. Retalliation is fine, but then do it to those who are the cause of it... the government officials and their wealthy friends... not the common folks.

[Grumpy John]

I wish I had a crystal ball to see what cockamamie scheme they come up with next.  The point of discussion is absolutely absurd beyond belief....like so much of what they are saying and doing these days.   

[Albert Zweistein]

15 hours ago, holy cow cm said:

So seems you have the golden mouth grill to say something like that. I have the 3 million easy but there is no way and under most all circumstances would bring it here for this regime to use. 1 million is already enough plus their 400,000 mandatory for my type of visa. I have over 7 million solid property and things bought here already. Seems the Regime and Uppity Elite in office are far worse than the Thai bargirls taking a guy for a ride because the buffalo died.

Congratulations ! Your property WAS worth 7 million, now it's maybe half.

[Pravda]

6 hours ago, malthebluff said:

Finally done it for me time to sell up and move to other maybe Cambodia or Philippines much cheaper and they actually want us there. 

For now... 

[Pravda]

I have actually been condo shopping. Wife's taking a loan, so it won't be a cash purchase. Most new projects are being sold 15-20% lower than pre-sale prices back in 2016. It is actually a great time to buy if you think they will let Chinese back which they certainly will. 

 

My wife is only worried about oversupply, but I think it's not an issue in Thailand as developers dictate the prices which always go up. 

 

I'm probably wrong, cuz if I was right I'd be a millionaire by now. But seriously, the best time to buy is when the sky is falling. If you can stay in Thailand this should be a no brainer. 

 

Again, don't listen to me... I suck at investing. 

[Pattaya Spotter]

7 hours ago, malthebluff said:

Finally done it for me time to sell up and move to other maybe Cambodia or Philippines much cheaper and they actually want us there. 

That would be an interesting theory if the Philippines didn't have basically the same entry regulations at the moment as Thailand. And to think, if you were already living there, you could have enjoyed months of mandatory lockdown (longest in the world) and still the highest Covid infection and death rate in SE Asia. Not to mention people over 60 are still restricted from leaving their residences and inter-provincial travel is still, 9 months on, severely restricted. 

[elgenon]

21 hours ago, Surelynot said:

OMG.....this doesn't apply to the Chinese as well...... does it?.......It can't do, they are flooding back into my condo at the moment.

Where is your condo?

[Pattaya Spotter]

4 hours ago, garyk said:

Can’t imagine what it is going to be like in the next 5-10 years for expats. The virus is the perfect excuse to ramp up the purge.

Pretty much like the past 5-10 years I imagine...sans Covid. 

[Pattaya Spotter]

45 minutes ago, Pravda said:

I have actually been condo shopping. Wife's taking a loan, so it won't be a cash purchase. Most new projects are being sold 15-20% lower than pre-sale prices back in 2016. It is actually a great time to buy if you think they will let Chinese back which they certainly will. 

 

My wife is only worried about oversupply, but I think it's not an issue in Thailand as developers dictate the prices which always go up. 

 

I'm probably wrong, cuz if I was right I'd be a millionaire by now. But seriously, the best time to buy is when the sky is falling. If you can stay in Thailand this should be a no brainer. 

 

Again, don't listen to me... I suck at investing. 

If you listen to most T-V members, the sky is always falling and all of us farangs were supposed to be kicked out 20 years ago ????????????

[heybuz]

13 hours ago, Pattaya Spotter said:

Enjoy Australia...where you need government permission to enter or exit the country and travel between states isn't allowed. I'll enjoy the Thai Dream, where 2 out of those 3 are allowed (as well as indoor dining).

We have indoor dining the state is three times the size of Thailand with more beaches and tropical rainforest plus deserts,can travel anywhere in the state no restrictions.

[renaissanc]

21 hours ago, Airalee said:

Only a complete financial illiterate would put 3 million baht into a Thai bank when the deposit protection drops to ONE million baht next year.  

I think that it has dropped to one million already. I asked last January and I was told the rule would be changed in August, which has passed already.

[Pattaya Spotter]

32 minutes ago, heybuz said:

We have indoor dining the state is three times the size of Thailand with more beaches and tropical rainforest plus deserts,can travel anywhere in the state no restrictions.

I'm glad you're happy with your choice...why are you belittling Thailand; maybe you would rather be here?

[renaissanc]

People just want to go home to Thailand. Why create a mass of obstacles and hoops for them? Some or many of them got stuck in the UK and don't have a bank account there even. 

[overherebc]

How are people dealing with upkeep of condos that could be 'closed up' for months?

Let's face it the climate doesn't lend itself to the situation.

[Ventenio]

i've recently noticed horribly built condos for like 2.5 million baht in the middle of nowhere.  

 

do the math people, research your home country, and just invest another 1 or 2 million and you will get MUCH MUCH MUCH MUCH more, and safety.

 

rent

[bwpage3]

2 hours ago, Pravda said:

I have actually been condo shopping. Wife's taking a loan, so it won't be a cash purchase. Most new projects are being sold 15-20% lower than pre-sale prices back in 2016. It is actually a great time to buy if you think they will let Chinese back which they certainly will. 

 

My wife is only worried about oversupply, but I think it's not an issue in Thailand as developers dictate the prices which always go up. 

 

I'm probably wrong, cuz if I was right I'd be a millionaire by now. But seriously, the best time to buy is when the sky is falling. If you can stay in Thailand this should be a no brainer. 

 

Again, don't listen to me... I suck at investing. 

Sorry the prices don't always go up. There is currently a glutton of unsold condos.

 

 

[overherebc]

20 minutes ago, Ventenio said:

i've recently noticed horribly built condos for like 2.5 million baht in the middle of nowhere.  

 

do the math people, research your home country, and just invest another 1 or 2 million and you will get MUCH MUCH MUCH MUCH more, and safety.

 

rent

I would agree with rent if your company is paying.

The other option is if staying for long term then buy.

If you rent for 10 years and leave you might get two months deposit back. If you buy for 3 mil stay 10 years then if push came to a very big shove you could sell at a big discount but still walk out with some cash. 

All depends on how long you've been I suppose.

[Pattaya Spotter]

10 minutes ago, overherebc said:

Porsche 555? New model??

Not been in Thailand long I see 555.