90 year leases on land/property now official?

[pinkpanther99]

Hi

A friend of a friend who is about to buy a house in Hua Hin was telling me earlier today, that there has been a major change to the 30 year lease rule for land/property and that 30+30+30 leases are now legal for the first time.

This guy seemed pretty convinced, so convinced that he said he was about to take out such a lease. He assured me this wasn't just the talk of a property agent.

Anyone else heard anything similar about leases?

[AyG]

Not true.

The junta has made mutterings about extending the permissible period, but hasn't done anything yet.

[Crossy]

We would have been awash with reports if this was true, sadly it seems not.

I'm going to close this thread to avoid promulgation of misinformation, if anyone has verifiable information that this has indeed happened please PM me or any other mod.