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Chinese luxury property pitch in Bangkok angers Thai netizens


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Posted
5 hours ago, Badbanker said:

Right now there are thousands of houses effectively owned by foreigners through a nomineee company in Thailand and this has been going on since 1972!  Condos that are past the 49% foreigner ownership level just register a nominee company to hold the property and effectively own them!

 

There are also many very large hotels similarly owned by nominee companies effectively totally controlled by large hotel chains.   

 

This is normally done is quitely, but Chinese people have decide to be open about it as their number grow intensly in Thailand.   

 

The Thai government needs to wake up to the reality of the real world!

 

 

Uninformed people acting like they know what they are talking about. What a waste.


foreigners can own land.  Be informed and you will find many hotels - land and buildings - are foreign owned 

 

Thailand Board of Investment launched its promotion policy and 7 years road map during 2015-2021 granting the privilege and incentives on Hotel Business for the investors which is in compliance with the regulation and conditions set forth by BOI. The juristic person will be entitled to Corporate Income Tax Exemption for 3 years, exemption on import duties on machinery and raw material, as well as non-tax incentives. The preliminary conditions to be complied in order to be granted the aforesaid incentives (A4) are:

1) The investor shall contribute the investment amount not less than 500 million baht
2) The hotel should have at least 100 rooms.
3) The project of hotel should be located in 20 targeted provinces in Thailand. In the event that the project was not located in targeted provinces, the incentives shall be falling in group B2 which grant the investor for exemption on import duties on raw materials and non-tax incentives.

However, BOI also prescribed the conditions for Thai SMEs granting other incentives under A4:

1) The Hotel should have at least 20 rooms
2) The investment amount should not less than 2 million Baht per room
3) The project of business should be located in 20 targeted provinces in Thailand.

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Posted
5 hours ago, Badbanker said:

Condos that are past the 49% foreigner ownership level just register a nominee company to hold the property and effectively own them!

What a useless idea! First the risks. After, how do you sell a property like that with genuine papers?

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Posted
21 minutes ago, chiman said:

Wait till they are your neighbors.  They keep dangerous dogs that often get out and chase kids.  Let their kids defecate in the community pool.  Blow their nose in the pool, pool deck, on the furniture.  Drive powerful luxury cars like maniacs past children and adults.  Throw loud parties and drink all night.  

And that is just their children.....:w00t:

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Posted

Spend 5 minutes in Phuket you'll see advertisements in CN or RU exclusively for condos and villas. And the same types of adverts have been in English for years. I think the netizens are living under a rock. There wouldn't be the Bangkok skyline we see today if only Thais bought property there.

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Posted

I dont get the surprise.  Thailand, in fact all of SE Asia, has relied on Chinese and other outsiders to survive.  Nowdays its mainly tourists dollars, but historicaly most businesses and successes in Thailand, Myanmar, Cambodia etc has been run by Chinese or their descendants.  I wouldnt complain too much or your meal ticket might disappear.

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Posted
38 minutes ago, chiman said:

Wait till they are your neighbors.  They keep dangerous dogs that often get out and chase kids.  Let their kids defecate in the community pool.  Blow their nose in the pool, pool deck, on the furniture.  Drive powerful luxury cars like maniacs past children and adults.  Throw loud parties and drink all night.  

Stop the yank bashing please, keep on topic which is about Chinese!

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Posted
11 minutes ago, retarius said:

Many years ago I lived in a supposedly upscale apartment building in another country. I was the only white person and everyone else was Chinese. It was pretty bad. The Chinese spit a lot and the stairwells were filled with spit ejected by these folks. Accompanied by that Chinese people seem unable to have a conversation between themselves without yelling or closing doors without slamming them whatever the time of day. 

Add in the 24hr renovation, cigarette smoking and putting them out on the floors and in the elevators.

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