Thailand's Proposal for Foreign Land Leases Faces Need for Legal Amendments

Proposal for Foreign Land Leases in Thailand Requires Legal Revisions

A proposal to allow foreigners to lease land in Thailand for up to 99 years may require major legal revisions, including amendments to the Treasury Department's 30-year lease cap. The proposal, first introduced by Thaksin Shinawatra, suggests landowners transfer their land title to the Treasury Department in exchange for full payment, while foreigners lease the land for 99 years. The proposal faces constitutional challenges and public consultation requirements. Opposition remains due to concerns about "selling the country," but long-term leases could alleviate ownership concerns. No official action has been taken yet.