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Caution urged for relaxing laws on foreigners owning land in Thailand


webfact

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I don't understand why it is so difficult.

You could have say 4 moo bahns (N, S, E and W) in somewhere like Chiang Mai where foreigners could legally buy and sell land and homes.

If they sell out and Thais want to attract more investment they can add (and obviously control) more moo bahns or cap it when they feel there is enough.

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4 hours ago, webfact said:

 

But Dr Sophon Pornchokchai, who is chairman of the Agency for Real Estate Affairs cautioned in an online rant that it was not necessarily a good idea. 

 

I wonder what the rest of the real estate industry thinks about this loss of potential commissions? Prices rise more commission.

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