Anyone has information about that place? I was told that two projects are currently investigated. 
a long term lease of 30 years was refused and they only accepted 15 years. On another case, a lifetime usufruct was lowered to only 20 years.

 

i never heard stories like that before and i manage a law firm for 18 years. I was told by locals that Chinese bought a lot of properties in the area, mostly under a company and the government is trying to clean it….

 

Thanks for any info.

Information like this one:

 

https://www.khaosodenglish.com/news/2023/12/20/several-properties-in-chiang-mai-are-confiscated-after-being-linked-to-chinese-nominees/

I live on a well known estate where there are probably around 80-100 properties "owned" by Chinese the majority of which are via the nominee company route. Most of these are individuals not the big boys but the concern has trickled down as to how this whole thing may pan out.

I told the clients to change district and not do the company route. I think it is an obvious choice to do. I like Sap Ing Sith.

I would stay clear of any business involving Chinese here. Doing the company route being a partial majority owner (you 49%, 2 or 3 Thai holders 51%) of a legitimate Thai businesses, that the land is titled under and having a good lawyer to maintain the title, probably cost ~20000฿ annually.