easyas Posted July 18, 2012 Share Posted July 18, 2012 I have a lady friend who is a Burmese citizen but with the legal right to reside in Thailand who maintains she owns a house in Chiang Mai. If this is indeed the case can other Asean country citizens with similar legal permissions to reside in Thailand also buy property? Link to comment Share on other sites More sharing options...
PoorSucker Posted July 18, 2012 Share Posted July 18, 2012 Everyone can own property including you. To own land you must be Thai. Link to comment Share on other sites More sharing options...
duiter Posted July 18, 2012 Share Posted July 18, 2012 Land Ownership: In general, non-Thai businesses and citizens are not permitted to own land in Thailand unless the land is on government-approved industrial estates. Under the 1999 amendment to the Land Code Act, foreigners who invest a minimum of 40 million Baht (approximately US$1.2 million) are permitted to buy up to 1,600 square meters of land for residential use with the permission of the Ministry of Interior. If the required land is not used as a residence within two years from the date of acquisition and registration, the Ministry has the power to dispose of the land. http://thailand-business-news.com/real-estate/36475-thailand-property-pattaya-reforms-foreign-ownership After 2015 the rule might change considerably for AEC citizen Link to comment Share on other sites More sharing options...
Mario2008 Posted July 18, 2012 Share Posted July 18, 2012 The minister never has given permission to individuals to buy land worth at least 40 million. Link to comment Share on other sites More sharing options...
CHANGOVER Posted July 18, 2012 Share Posted July 18, 2012 The minister never has given permission to individuals to buy land worth at least 40 million. ''foreigners who invest a minimum of 40 million Baht (approximately US$1.2 million) are permitted to buy up to 1,600 square meters of land for residential use with the permission of the Ministry of Interior''.... Link to comment Share on other sites More sharing options...
Maestro Posted July 18, 2012 Share Posted July 18, 2012 Precisely. And since the Minister never gives his permission, as has been said, no foreigner ever can buy land under that clause. Link to comment Share on other sites More sharing options...
Thailand Posted July 18, 2012 Share Posted July 18, 2012 (edited) Change may well come in 2015. when it is anticipated that,apart from many other changes, those from ASEAN countries can buy property/land in any of the other ASEAN member countries http://www.asean.org...ANCommunity.pdf Edited July 18, 2012 by Thailand Link to comment Share on other sites More sharing options...
Tomtomtom69 Posted May 29, 2013 Share Posted May 29, 2013 Thailand, on 18 Jul 2012 - 17:47, said: Change may well come in 2015. when it is anticipated that,apart from many other changes, those from ASEAN countries can buy property/land in any of the other ASEAN member countries http://www.asean.org...ANCommunity.pdf Are you sure? Somehow I'm not sure the nationalistic Thais would want to sell land to Burmese, Vietnamese or cash upped Singaporeans. Link to comment Share on other sites More sharing options...
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