Authorities cancel forum on 99-year leases for foreign investors

[starky]

10 hours ago, williamgeorgeallen said:

i wonder if leases really work. i have heard of people being chucked out of long leases when the property goes up in value. not a lot of protection for a foreign leaser when the owner turns up with his brother in law policeman to evict them.

Wow talk about glass half empty.

[Wake Up]

On 4/19/2017 at 3:07 PM, steven100 said:

Who's gonna be around in 99 years   .....

Many investors will not even consider building multimillion dollar structures without at least 99 year lease. 50 year lease not worth the risk.  You lease land for family estate planning purposes, tax purposes and control of the land for heirs.  Some really wealthy family limited partnerships will not ever consider selling land but would lease it for 99 years. Good deal for both sides and banks willing to make loans on these types of arrangements.  If Thailand does not do 99 year leases then forget outside investors buildings the needed trade infrastructure they desperately want built. 

[Reigntax]

On Thursday, April 20, 2017 at 2:27 PM, shadowmaster1971 said:

No HK was not a 99 year lease.  Only the "new territories" were a 99 year lease. The rest on HK i.e. HK Island and parts of Kowloon were ceded in perpetuity to Britain from China.  The new territories contained much of HK power and water infrastructure so when the lease was due to expire there were thoughts China would cut that infrastructure.  Today buying property in HK is in effect predominantly leasehold.

So are many in the UK.

[the guest]

Thais are not stupid enough to let foreigner lease for so long, 30 years is about ok. My wife says if Europe sells land to foreigners then it's up to them, meaning they are probably stupid. I agree with her.