Thai Buying Land With Chanort But Not Transferable Yet?

[mccw]

Hi.

I have seen some land for sale. It has chanort but it is the new chanort given to a farmers but they do not allowed to sell for 10 years. There is still 6years to go.

The work around is apparently to make a contract where they and all family sign to promise to transfer land over at first possible date. It's registered at the land office and witnessed by lawyers and head of village. The agreed price is paid; but a mortgage deed is made against the land for a much much higher price- say 10 or 20 times today's value, to cover against them wanting to just pay back the "loan" and take the land back incase of the land up a lot in value by time of transfer (or you built a house on it or what ever).

The land like this is about half the full chanort price today.

Has anyone successfully done this? Opinions?

I don't think I'd build on it, just in case, but its a nice land for future.

Cheers