TerraceWag Posted October 24, 2007 Share Posted October 24, 2007 I know about the land / house rule for farangs but has anyone heard of a change recently that says farangs can't even buy condos now ? Was told this happened earlier this year but I completely missed it if true ! Thanks, TW. Link to comment Share on other sites More sharing options...
Maestro Posted October 24, 2007 Share Posted October 24, 2007 It is not true. -- Maestro Link to comment Share on other sites More sharing options...
Khun Jean Posted October 24, 2007 Share Posted October 24, 2007 It might be that the news was about the possibility of getting an investment visa when buying a condominium. That is changed, but i am not 100% sure it was changed to 10 million baht or not able to use a condominium for a investment visa at all. I suspect the last. Link to comment Share on other sites More sharing options...
Irene Posted October 25, 2007 Share Posted October 25, 2007 I am a junkie on news media and with the purported news like that I should not have missed it especially when I am in a condominium business as well. So, my answer is negative and I have never heard of it. I am fascinated how news being passed on among expatriates. Mostly, they are frightening and untrue. Link to comment Share on other sites More sharing options...
drmap Posted October 30, 2007 Share Posted October 30, 2007 Well Its definetly not true as I just bought one at the Manhatan Chitlom. So I heard these rumors but definetly untrue. Anyone her drmap Link to comment Share on other sites More sharing options...
A_Traveller Posted October 30, 2007 Share Posted October 30, 2007 A few points, a foreigner may still buy a condo, so long as the purchase does not put the number of units sold to foreigners in the development over 50%. A change last year was that a condominium purchased for over 3 million but less than 10 million ceased {this had been created during the '97 crisis, and was always considered a temporary measure} to allow the owner to apply for an 'investment visa' so long as the purchase was from the developer, not from a secondary owner. Regards Link to comment Share on other sites More sharing options...
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