I can't claim to have read up on the new regs yet but will it affect the purchase of condos and other prperty? Will I have to leave the equivalent of a third of the money with the govt for a year in cash with no interest?!?!?!

It did affect but now it doesn't and who knows what it will do tomorrow TIT

It did affect but now it doesn't and who knows what it will do tomorrow TIT

I did not readmit doesn't for now, what I read was an excption or investment in property FUNDS

Anybody got updated information??

J

It is my understanding that real property transactions are fine, there are threads on this that came out about two days after black Tuesday. I believe it was a post by george who quoted news from the website property report .com

Property funds however are still subject to this restriction, because the overlords dont seem to understand what a property fund is or why its used. Its not as if anyone buys REITs (for that is what they are) for short term plays.

It is my understanding that real property transactions are fine, there are threads on this that came out about two days after black Tuesday. I believe it was a post by george who quoted news from the website property report .com

Property funds however are still subject to this restriction, because the overlords dont seem to understand what a property fund is or why its used. Its not as if anyone buys REITs (for that is what they are) for short term plays.

Actually their stability makes them a perfect place to park funds for a short-term play on the baht. You reduce the risk of the holding instrument losing value itself, making it a pure baht spec. To say nothing of the fact that large inflows would probaly drive the price up making it a double play.