Select foreigners can own 0.16 hectares (1 rai) for residential use in Thailand from September

[snoop1130]

 

Effective from September, foreigners will be able to buy up to 0.16 hectares of land in Thailand for residential purposes if they meet certain requirements, said Government Spokesman Thanakorn Wangboonkongchana today (Friday).

 

Land ownership in Thailand by foreigners is intended to attract pensioners, the wealthy, foreigners who want to work from Thailand and specialists who want to work in the country, he said.

 

Basic requirements include a minimum investment of 40 million baht for at least three years in businesses in the kingdom or in an Infrastructure Fund in accordance with the Trust for Transactions in Capital Market Act B.E. 2550 (2007).

 

Full Story: https://www.thaipbsworld.com/select-foreigners-can-own-0-16-hectares-1-rai-for-residential-use-in-thailand-from-september/

 

-- © Copyright Thai PBS 2022-07-15

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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[Thailand]

De ja vu-again!

[2 is 1]

So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden.

[peterfranks]

As far as I'm aware, that has been the law for many years already.

 

So what has changed?

[Reposed]

40 million baht to 'own' less than 1/2 an acre...?

 

Bwaaa-hahahaha!

 

Beverly Hills wannabes...

 

What business in today's economic climate would be wise to invest in, in the Land of Schemes?

[Boomer6969]

How can they overrate the attractiveness of this dump so much.

[hotandsticky]

2 minutes ago, Boomer6969 said:

How can they overrate the attractiveness of this dump so much.

 

 

.....and YOU live here?

[BKKTRAVELER]

I am a bit confused with this new scheme. Do you have to invest at least 40 million baht for 3 years PRIOR to be eligible to buy up to 1 rai of land? Or do you have to invest at least 40 million baht in a land of max 1 rai and keep it for a minimum of 3 years?

[Reposed]

10 minutes ago, BKKTRAVELER said:

I am a bit confused with this new scheme. Do you have to invest at least 40 million baht for 3 years PRIOR to be eligible to buy up to 1 rai of land? Or do you have to invest at least 40 million baht in a land of max 1 rai and keep it for a minimum of 3 years?

Spokesman Thanakorn Wangboonkongchana: Oh, we haven't thought of that yet....get back to ya soonest.

[blackcab]

38 minutes ago, 2 is 1 said:

So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land.

 

No. You have to invest 40 million baht of foreign funds you have remitted to Thailand and exchanged in Thailand for Thai Baht.

 

Then you have to purchase the land after you have received permission.

 

Just the 40 million baht gets you no land.

 

This law has been in existence for many years, it is just being dusted off and put into practice.

 

The key point from previous times is that you could not sell or bequeath the land to a non-Thai citizen, which might create problems for inheritance planning.

[pokerface1]

55 minutes ago, 2 is 1 said:

So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden.

The wealthy Chinese would be okay as they often build up to the boundary limits with no garden it’s quite a common practice in Australia. 

[kevc]

Everything they talk about concerning foreigners is always down to how much money they can squeeze out of them, certainly makes you feel welcome and wanted.

[garyk]

1 hour ago, Reposed said:

40 million baht to 'own' less than 1/2 an acre...?

 

Bwaaa-hahahaha!

 

Beverly Hills wannabes...

 

What business in today's economic climate would be wise to invest in, in the Land of Schemes?

This is more a bar-girl and a gullible foreigner  scheme on steroids.. 

Edited July 15, 2022 by garyk

[Laughing Gravy]

32 minutes ago, blackcab said:

 

No. You have to invest 40 million baht of foreign funds you have remitted to Thailand and exchanged in Thailand for Thai Baht.

 

Then you have to purchase the land after you have received permission.

 

Just the 40 million baht gets you no land.

 

This law has been in existence for many years, it is just being dusted off and put into practice.

 

The key point from previous times is that you could not sell or bequeath the land to a non-Thai citizen, which might create problems for inheritance planning.

Well put. I guess its difficult to cure stupid.

[JonnyF]

Do these guys not realize what that type of money can buy in Europe. 

 

And it's not subject to the whim of the next general. You actually own it forever. Your kids can inherit it.

 

40 million investment for 1 rai? Are they serious?

[redwood1]

1 Rai = 1600 meters...

 

Enough room to build a modest house and maybe squeeze a small swimming pool in.....But that's about it...

 

[2009]

1 hour ago, 2 is 1 said:

So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden.

Yeah, it's just priceless.

[2009]

34 minutes ago, kevc said:

Everything they talk about concerning foreigners is always down to how much money they can squeeze out of them, certainly makes you feel welcome and wanted.

Yeah, but they do it to each other too.

 

Almost everyone is a con artist here. They've grown up around this kind of behavior and learned all the tricks of the trade.

 

Then, us farang come over all kind, honest, naive, and as dumb as mules. Easy money.

[overherebc]

16 minutes ago, redwood1 said:

1 Rai = 1600 meters...

 

Enough room to build a modest house and maybe squeeze a small swimming pool in.....But that's about it...

 

Where do you put the 2 car garage? Or do you leave the Bentley on the street?

Edited July 15, 2022 by overherebc

[blackcab]

25 minutes ago, JonnyF said:

40 million investment for 1 rai? Are they serious?

 

No, a 40 million investment to obtain permission to buy up to 1 rai. You have to additionally pay market rates for the land.

 

1 rai in Bangkok in upper Sukhumvit will cost another 20-30 million. 1 rai on the centre of Bangkok up to 800 million.

[peterfranks]

13 minutes ago, overherebc said:

Where do you put the 2 car garage? Or do you leave the Bentley on the street?

One Rai is plenty.

 

I have 1 Rai, built a 350 sqm house, 3 bedrooms and double car carport, a 11 x 6 meter swimming pool, 40 sqm maids quarters on it.

 

And guess what, I still have 800 sqm meter of lawn left. Far too much to maintain.

[dj230]

I mean if people are buying magical coins on the internet for tens of thousands of dollars, this might just work 

[steelerian]

how do the monkeys who dream up these crazy schemes remain in positions of power?

 

i love this country, but man is it retarded.

[EricTh]

As if many multi-millionaires want to come to live in Thailand and just buy 1 rai of land. 

 

With 40 million baht you can get a decent house in a western country.

[Gottfrid]

3 hours ago, peterfranks said:

So what has changed?

They are now marketing the possibility

[nattaya09]

Delusions of grandeur ????

[blackcab]

Off topic posts have been removed.

[pomchop]

40,000,000 Thai Baht equals

1,092,299.20 United States Dollar

[webfact]

Thailand eyes 1 million new expats with 10 year visas and land ownership

By Online Reporter

 

Thai government spokesperson Thanakorn Wangboonkongchana. File photo

 

Thailand hopes that offering 10 year visas and the option to own land for residential use will help to attract 1 million new expats, which in turn will generate over 1 trillion baht to the local economy.

 

Up until now, foreigners owning land in Thailand had been prohibited.

 

However, government spokesperson Thanakorn Wangboonkongchana on Friday (July 15) confirmed plans to relax Thailand’s rules on land ownership for foreigners.

 

The move, first reported by Hua Hin Today earlier this week, and still subject to cabinet approval, would see foreigners granted permission to own land for residential purposes providing they invest 40 million baht, (approximately US$1 million) in Thailand over three years.

 

Full story: https://www.huahintoday.com/hua-hin-news/thailand-eyes-1-million-new-expats-with-10-year-visas-and-land-ownership/

 

-- © Copyright Hua Hin Today 2022-07-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more!

[webfact]

Thailand’s new policy on land ownership rights aims to boost domestic economy among high-potential foreigners, government says

By Nop Meechukhun

 

PHOTO: Prachachat

 

Bangkok – The Thai government has clarified in that the policy of land ownership rights to attract high-potential foreigners that it only aims to allow specific foreign investors for housing with not more than 1 rai in specified areas, without selling the entire land.

 

Government spokesperson Thanakorn Wangboonkongchana stated today, July 15th, that the government would grant permission to certain groups of high potential foreigners to stay in the Kingdom according to economic and investment stimulus measures issued on May 25th, 2022.

 

The four main groups of high-potential expatriates are the wealthy population, the retirees, the businessmen/investors who want to work in Thailand, and special “experts”.

 

Full story: https://thephuketexpress.com/2022/07/15/thailands-new-policy-on-land-ownership-rights-aims-to-boost-domestic-economy-among-high-potential-foreigners-government-says/

 

-- © Copyright The Phuket Express 2022-07-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more!