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Foreigners offered new ‘smart visa’ if they buy a condo in Thailand, Elite Card holders offered work permits

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1 hour ago, Pib said:

No doubt in places like Pattaya, Phuket, parts of Bangkok, and other farang heavy locations there will be very significant price drops, but those locations are only a small part of Thailand.

Perfect...I'd never live in Nakhon Nowhere.

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  • ThailandRyan
    ThailandRyan

    Why would anyone want a cracker box 35 to 50 SqM condo. That's what 8 Mthb will buy you in Bangkok.  Why plow a million USD into real estate to get a work permit.  More carrots being dangled that are

  • richard_smith237
    richard_smith237

    ‘The Hub of Crackpot ideas’ !!!!!    There must be some who attend these discussions held behind closed doors who want to smash their heads against the wall.    Every week there is

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It seems that those who had bought the Elite Card some years ago were not even allowed to enter the country. Caveat Emptor.

You would need a reverse proof agreement that the Thai Government can't wriggle their way out of, unfortunately these deals can be reversed at a drop of a hat, risk assessment needs to be fully thought out, after looking at this year, I can't place any trust in any countries Government in any future years, anything can happen.

Just another kick in the teeth to those that have already invested millions in condos and are as welcome as a fart in a spacesuit. Or not welcome at all as they can't get in. Good luck to those dumb enough to fall for it.

oh Man this is over bloated. they were desperated now they are freaking out.

22 hours ago, Pattaya Spotter said:

I hope so...maybe pickup a nice condo or house cheap.

Don't buy a house!  You can never own it 100%.  Those who set up a company will assure you it is foolproof until the <deleted> hits the fan.  Then they will tell you both sets of shareholders are liable for jail.  I've got the T-shirt.

2 hours ago, mikebell said:

Don't buy a house!  You can never own it 100%.  Those who set up a company will assure you it is foolproof until the <deleted> hits the fan.  Then they will tell you both sets of shareholders are liable for jail.  I've got the T-shirt.

fully agree. foreign are not entitled to own land in this country. period.

buy a boat but not a house.

But if you're married with a decent thai woman and you trust her that's one option, but again you will own a shot in your name.

On 10/13/2020 at 9:25 PM, Peterphuket said:

Yeh, but no freedom anymore....When I see Carry Lam, I prefer to stay here, and it will be worser, you know that. Honk Kong is lost forever.

 

Yes, it is sad to say but although I am a Hong Kong permanent resident I will never live there again. I still have family and 100's of friends there so I will keep visiting to see them.   Thailand is now my home. 

3 hours ago, mikebell said:

Don't buy a house!  You can never own it 100%.  Those who set up a company will assure you it is foolproof until the <deleted> hits the fan.  Then they will tell you both sets of shareholders are liable for jail.  I've got the T-shirt.

Been on the Video yet?

23 hours ago, A512 said:

fully agree. foreign are not entitled to own land in this country. period.

buy a boat but not a house.

But if you're married with a decent thai woman and you trust her that's one option, but again you will own a shot in your name.

I thought I had married a decent Thai lady but she connived with the audit company to alter share holdings so she owned more shares than me.  I signed all the Thai documents in my innocence and trust.  My farang children lost a chunk of their inheritance.

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