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In a land where the laws affecting ability to stay, let alone land ownership, have no guarantee from one day to the next, really?  To see what might happen with this scheme you only have to look to Malaysia changing their requirements for foreigners to stay long term, making it retroactive, and Thailand copying that game plan themselves:

 

https://www.scmp.com/week-asia/politics/article/3145410/its-our-only-home-malaysias-changes-mm2h-visa-scheme-throw

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