If foreign nationals/commercial entities are granted land/building ownership here, it could happen.
Property speculators will flock here and this kingdom will soon end up as bad as the rest of the 1st world(skyrocketing housing price and rental cost).
Locals will certainly be enraged when it takes place.
At this moment, Thai government is still clever enough; No foreign Land Ownership(as stated in their national anthem).
Land is the primary meaning of "Production".
If it is taken over by foreign interests, the people of any countries will end up as the "Tenant" in own nation.
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