Boomer6969 Posted November 4, 2022 Share Posted November 4, 2022 4 hours ago, spetersen said: Where are the intelligent Thai people that can make a difference ? Is this a deliberate oxymoron? 2 Link to comment Share on other sites More sharing options...
Muzzique Posted November 4, 2022 Share Posted November 4, 2022 Sounds like an amazing investment opportunity. Alongside Sand to Saudi Arabia Coals to Newcastle Pork Pies to Tel Aviv And Fridges for Eskimos We're do I sign up 2 Link to comment Share on other sites More sharing options...
Tropposurfer Posted November 4, 2022 Share Posted November 4, 2022 (edited) I get wanting to protect the nation from being bought out from under the People (and the shark developers who sink their insane grifting wealth into endless scam condo development etc.). What I don't get it ... (well, I sort of do i.e. xenophobes and elite, greedy selfish idiots) is why can't nations with strict ownership laws and attitudes towards land ownership like LOS by non-natives have simple and functional laws (yeah, yeah I know this seems an oxymoron here lol ????) to contain said ownerships and promote more foreign currency entering and being invested here. Of course that is far too simplistic and sane a notion to be actualised it seems. Examples: Single individual buyers only. All individuals submit to both internal and international ID, criminal checks etc. No company or collective entities allowed. A ceiling on numbers of properties and total rai quantity to be set ... not this ridiculous tiny amount touted in the current proposal, nor commercial amounts or properties such as whole condo buildings. Set a reasonable baseline of investment e.g. minimum house 6 million baht (an example for the purposes of discussion only). I think the idea of setting a high figure like 50 million + is, like so much of this topics handling by the authorities, ... silly to put it mildly. Limit the ownership to 99 years allowing as part of this 99 years the gifting of the property to once again an individual for the balance of the 99 years All buyers ONLY in their own, confirmed name. If gifted to a Thai then the standard Thai laws of land and dwelling ownership apply. Place caveats into contracting e.g. if the falang is convicted of serious crime e.g. serious fraud, drug trafficking, child or other sex offences, murder they can have their properties seized and returned to the state. Produce a valid passport and appropriate visa and sufficient money to be able to maintain the property and fend for oneself e.g. health coverage for rest-of-life, vehicle and property insurance, funds as surety as is the case now with the 800K for retiree's. All land sales registered and managed in a state of the art National database that can be checked by officials, land offices etc. Edited November 4, 2022 by Tropposurfer 1 Link to comment Share on other sites More sharing options...
Dutchjohn Posted November 4, 2022 Share Posted November 4, 2022 They already decided to cancel the proposal. But, to keep their face, they let the people decide. 2 Link to comment Share on other sites More sharing options...
mjakob007 Posted November 4, 2022 Share Posted November 4, 2022 7 hours ago, webfact said: Anupng said that the government might change some rules It appears we have to hire Deloitte to conduct 'due diligence' on this investment proposal of a lifetime...... Not! Link to comment Share on other sites More sharing options...
hotchilli Posted November 4, 2022 Share Posted November 4, 2022 7 hours ago, webfact said: Anupng said that the government might change some rules such as increasing investment to 100 million baht or the period to invest to be allowed to purchase land from three years to ten years. If people still do not agree, the law can be cancelled entirely. Why not just give it up... Link to comment Share on other sites More sharing options...
hotchilli Posted November 4, 2022 Share Posted November 4, 2022 7 hours ago, webfact said: The Minister of the Interior says a proposal for foreigner land sales is ready to be cancelled if the Thai people don’t agree. So it's going to a public free vote? Thought not... 1 Link to comment Share on other sites More sharing options...
bang saen guy Posted November 4, 2022 Share Posted November 4, 2022 A solution might be to drop foreign ownership of land in Thailand if all Thais owning property of land abroad agree to relinquish ownership of it. Fair enough Link to comment Share on other sites More sharing options...
CLW Posted November 4, 2022 Share Posted November 4, 2022 I think Thai people generally feeling the influx of the wealthy 1%, that make land prices more expensive by speculation. Not actually buying the land for some purpose other than tax evasion and money laundering. It has nothing to do with a handful of foreigners wanting to own a small piece of land for their own designed home. If the government really would be interested in tackling the high land prices the should introduce proper zoning laws and a deadline in which a house must have been built an urban land for housing purposes. 2 Link to comment Share on other sites More sharing options...
kevc Posted November 4, 2022 Share Posted November 4, 2022 Doesn't that just give you peace of mind. 1 Link to comment Share on other sites More sharing options...
MrJ2U Posted November 4, 2022 Share Posted November 4, 2022 Flip flopping around surely puts confidence in the Thai markets. Link to comment Share on other sites More sharing options...
SpanishExpat Posted November 4, 2022 Share Posted November 4, 2022 Raise to 100million? Cmon ..to be really sure, please raise it directly to 1 billion. 100 million are just peanuts for all of us, as we take a Champagner Bath every morning, eat Khao Phad with caviar for breakfast and let our wife’s decide, if they take the Bentley or the Lamborghini Urus to drive to the local market???????????? 2 Link to comment Share on other sites More sharing options...
Thingamabob Posted November 4, 2022 Share Posted November 4, 2022 This was never a good idea in the first place. Just leave the current law as it is. I wish my own country, the UK, had also never allowed foreigners to buy land or houses. As it is house/land prices there have become extremely high, with limited availability in many areas. 1 1 Link to comment Share on other sites More sharing options...
patman30 Posted November 4, 2022 Share Posted November 4, 2022 10 hours ago, webfact said: such as increasing investment to 100 million baht ????♂️???? Link to comment Share on other sites More sharing options...
billd766 Posted November 4, 2022 Share Posted November 4, 2022 5 hours ago, Andycoops said: This whole miserable government will also hopefully be cancelled at the next election too. I do hope so though that would probably lead to yet another coup. Link to comment Share on other sites More sharing options...
ThailandRyan Posted November 4, 2022 Share Posted November 4, 2022 11 minutes ago, billd766 said: I do hope so though that would probably lead to yet another coup. Wonder what Happens when the PPRP gets dissolved for taking a payoff from a Chinese man in order to get Citizenship and run illegal bars with drugs. Link to comment Share on other sites More sharing options...
arick Posted November 4, 2022 Share Posted November 4, 2022 6 hours ago, Gknrd said: My GF of many years just bought a little over half a rai right outside of KK for 300,000. Now waiting for the power company, for power. It's very expensive around kk why didn't you look 30 mins away less expensive Link to comment Share on other sites More sharing options...
Popular Post arick Posted November 4, 2022 Popular Post Share Posted November 4, 2022 7 hours ago, VinnieK said: No you don't Your partner does. ..and btw...when was it purchased? 100 years ago? Prices are insane these days, at least here in the south 1 Rai (rubber), in the boonies, will be minimum half a mil. Next to a provincial road, still in the boonies, as much as 2 or even 3.???????????? Your telling me I can't live on the land or use the land until I die. Your sadly mistaken. It was purchased 7 years ago off a main highway 45 mins for kk airport and 5 lotuses in every direction. If this is the boonies I will take it any day over Jomethian 1 2 Link to comment Share on other sites More sharing options...
PETERTHEEATER Posted November 4, 2022 Share Posted November 4, 2022 9 hours ago, 2baht said: OK! Let's see just how xenophobic you really are! ???? Oh good. A referendum. Cheaper, methinks, to ask the population of the world a simple question. "Hands up all those who would like to rent a one rai plot of land for three years by investing 100 million ThB non-refundable?" 2 Link to comment Share on other sites More sharing options...
sead Posted November 4, 2022 Share Posted November 4, 2022 Why would anyone agree? You can have land without any cost. That's how the rich keeps their land. If you never have to pay tax then it can just sit there Link to comment Share on other sites More sharing options...
BritScot Posted November 4, 2022 Share Posted November 4, 2022 8 hours ago, gerrytraveller said: Please tell me where I can buy 5 rai for 300k that is Chanote or Nor sor sam. If you do not have that then your "lease contract" is totally null and voidable.. You can find depending on what your looking for and who you are buying from. Obviously once it's known Farang the price shoots up. Buying from family/extended family is cheaper also depending on the type of land and the big one TRUST! Our house in Thailand sits on between 2 to 3 Ria of land plus another 6 which was purchased from aunt's etc at about 50k baht each over time. I often saw land coming up for sale at 50k to 100k per rai. Link to comment Share on other sites More sharing options...
Zack61 Posted November 4, 2022 Share Posted November 4, 2022 Please just say no. Do the right thing by your people. Link to comment Share on other sites More sharing options...
DrPhibes Posted November 4, 2022 Share Posted November 4, 2022 8 hours ago, Gknrd said: My GF of many years just bought a little over half a rai right outside of KK for 300,000. Now waiting for the power company, for power. Wife has 104 rai gently sloping piece of raw land outside of Kam Ta Kla, one side has a stream, one side a road. She would let it go for 120,000 per rai. Deals can be found... Link to comment Share on other sites More sharing options...
Puccini Posted November 4, 2022 Share Posted November 4, 2022 12 hours ago, webfact said: Interior Minister General Anupong Paochinda responded that this issue is still in the Council of State process. I read that the Cabinet, ie the Council of State, approved it last Tuesday. Link to comment Share on other sites More sharing options...
DrPhibes Posted November 4, 2022 Share Posted November 4, 2022 8 hours ago, Gknrd said: My GF of many years just bought a little over half a rai right outside of KK for 300,000. Now waiting for the power company, for power. Wife has 104 rai gently sloping piece of raw land outside of Kam Ta Kla, one side has a stream, one side a road. She would let it go for 120,000 per rai. Deals can be found... Link to comment Share on other sites More sharing options...
DrPhibes Posted November 4, 2022 Share Posted November 4, 2022 8 hours ago, Gknrd said: My GF of many years just bought a little over half a rai right outside of KK for 300,000. Now waiting for the power company, for power. Wife has 104 rai gently sloping piece of raw land outside of Kam Ta Kla, one side has a stream, one side a road. She would let it go for 120,000 per rai. Deals can be found... 1 Link to comment Share on other sites More sharing options...
Morakot Posted November 4, 2022 Share Posted November 4, 2022 7 hours ago, realfunster said: A distinctly separate investment of THB 40m for 3 years in Thai government funds gives you the right to buy 1 rai of land. After the stipulated investment holding period of 3 years, this THB 40m in Thai government funds is returned and the land remains yours. What type of investment vehicle by the government? What investment in the Thai market would guaranty a return? Link to comment Share on other sites More sharing options...
Morakot Posted November 4, 2022 Share Posted November 4, 2022 (edited) 12 minutes ago, Morakot said: What type of investment vehicle by the government? Found the answer: Government bonds, real estate funds, infrastructure bonds, or real estate investment funds None of these guaranty a return; they might be worthless or unsellable after three years. Another catch is that this option is only available to Long Term Resident (LTR) visa holders. Which means when the visa has expired they may not be able to enjoy their property. Edited November 4, 2022 by Morakot Link to comment Share on other sites More sharing options...
Morakot Posted November 4, 2022 Share Posted November 4, 2022 2 hours ago, arick said: Nice trees! Link to comment Share on other sites More sharing options...
paul1804 Posted November 4, 2022 Share Posted November 4, 2022 What are they smoking or are they from another planet !!! Link to comment Share on other sites More sharing options...
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