Buying/selling Land In Pak Chong

[getlinds]

Hi all,

I do not wish to turn this site into a property selling lead/estate agent website. What I am hoping to understand is how expatriates go about buying land in Pak Chong? My family have a holiday home in a resort in Pak Chong and some land up there. Unlike the good old UK, selling land (as with buying it) is total chaos and a total lottery in whether you can get a fair price/decent land. Also, it is sometimes hard to find serious/fair buyers. Is there a formalised way to sell land such as a reputable estate agent/web site which expats use?

Cheers.

[Maigo6]

Expats never have a problem buying land, the only problem is, they can't own it.

Farangs buy land, Farang canot own land, Thai national has land in their name, Farang can lose everything.

As long as you're happy , go ahead.

Edited September 8, 2008 by Maigo6

[getlinds]

I presume it must be similar to the UK where they can lease it for a long time (190-999years)? I know that foriegners can not own land, but there must be a secure way to do so as there are many expartriates without Thai wives and foreign businesses that own land in Thailand.

[Maigo6]

but there must be a secure way to do so as there are many expartriates without Thai wives and foreign businesses that own land in Thailand.

Not really, you can't own land in Thailand, period.

The company ownership deal seems to be open to the letter of the law, hence you have to have an actual trading company, etc etc, I don't know anyone who has lost his house yet, but you never know what the future holds.

Yet the fact remains, you cannot own land in Thailand.

I've been here nearly 18 years and I've yet to see one Farangs name on a Chanote.

[getlinds]

Well I guess that explains why there is no formal network for expatriates to buy land. I wonder if they will ever change that law?

[Maigo6]

Well I guess that explains why there is no formal network for expatriates to buy land. I wonder if they will ever change that law?

I doubt it very much,.

There are many Farangs only too willing to buy land in a Thai persons name, why change a winning formula ?

Edited September 8, 2008 by Maigo6

[getlinds]

Well I guess that explains why there is no formal network for expatriates to buy land. I wonder if they will ever change that law?

I doubt it very much,.

There are many Farangs only too willing to buy land in a Thai persons name, why change a winning formula ?

Thanks Maigo6, very helpful.

I think you are right about not changing the law, but I think they will restructure the system to accommodate farang buyers, at leas I hope. I think this as I heard from a friend who's family own a large construction company that potentially an governing body may be created to help farangs buy in Thailand. My friends family develop luxury villas in Phuket etc and came up with the same problem when selling to high income foreigners. After talking with the government, it looks like they in partnership with a government department will create a "guarantee" service for foreigners who can buy land and apply to this body without the need for the foreigner to look for local third party help or create their own company. This is for expats who buy any land, whether my friends family built it or not. Similar to the company scheme I think, but it does show at least a willingness to accommodate foreign buyers without changing their laws. As with most things in Thailand, not sure if it will ever happen but sounds like a good idea

[Maigo6]

It only sounds like a good idea to Farangs.

Thailand has absolutely no need to change the land ownership laws, there are thousands of Farangs who have bought land and houses in a Thai persons name already, and that trend seems unlikely to change.

Why change a winning formula ?

[getlinds]

It only sounds like a good idea to Farangs.

Thailand has absolutely no need to change the land ownership laws, there are thousands of Farangs who have bought land and houses in a Thai persons name already, and that trend seems unlikely to change.

Why change a winning formula ?

Yes you are right, if it ain't broke don't fix it. Let's hope it never gets broke!

[JetsetBkk]

It only sounds like a good idea to Farangs.

Thailand has absolutely no need to change the land ownership laws, there are thousands of Farangs who have bought land and houses in a Thai persons name already, and that trend seems unlikely to change.

Why change a winning formula ?

Yes you are right, if it ain't broke don't fix it. Let's hope it never gets broke!

Try asking the same question here: Real Estate, housing, house and land ownership