TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bangkok Post Cover Story 90% of Beach Land Owned by Foreigners

Category: Real estate, Posted:24 Aug 2009 | 14:55 pm

The cover story in today's Bangkok Post which quotes a leading research body as saying Foreigner's own 90% of Phuket beach land certainly has struck an ugly cord of anti overseas ownership of land in the country. The study which was put together by the Thailand Research Fund quotes a professor from Sukhothai Thammathirat University who says these holdings are using Thai nominees.
Much of the current controversy stems from the recent reports of foreign parties looking to enter into the rice and farming business in the country, whereas Prime Minister Abhisit Vejjajiva recently told the media the existing Foreign Business Act explicitly forbid this and any violations would result in revoked land titles.
Viewing the Bangkok Post story it's disappointing to see such as one sided story hit page 1 which clearly is aimed at sensationalism. No facts or supporting documents have been presented, no investigations by the Post journalist's and no responsive comments from legal foreign land owners of beach front property. It clearly is a step backward to the days of the Foreign Business Act two years ago which plunged the property business into a serious flattening of demand.
Viewing the claims by the report, factually speaking there is little beach front land available in Phuket as a large portion of the areas have roadways constructed on it such as Patong or Karon. Go to Bangtao and Laguna Phuket has legal title to its large-scale land holdings though the Thai Government's Board of Investment scheme. Looking at Mai Khao Anantara and Marriott are owned by Thai listed firm Minor. Local owned hotels such as Kata Thani, Thavorn, Sri Panwa, and Sala have considerable areas. Even more material is the expansive Sirinath National Park which covers much of the west coastline of Phuket and has no land owning on it.
It's disappointing to see the Bangkok Post publish this type of tabloid sensationalism, and certainly it will only further hamper efforts to encourage foreign investment during the current recession and property downturn. If the reports are correct then the Post should publish evidence of the 90% of these nominee details rather then flame an issue which only damages the countries reputation amongst the investment community.
READERS – POST YOUR COMMENTS ON THIS STORY – Do you think foreign land ownership should be allowed in Thailand, share you opinions with us!

Other News

Read more

Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
Read more

Three More Thailand Sandboxes Join Phuket On Tuesday

Category: Tourism, Posted:09 Jan 2022 | 20:33 pm The Thai government has added three more  Sandbox destinations along with Phuket for vaccinated international travelers. Effective on Tuesday 11th January 2022, Phang Nga (including Khao Lak), Krabi, and Surat Thai (Koh Samui, Koh Pha-ngan, and Ko Tao) will be open to Sandbox visitors. The current Sandbox restrictions mean a minimum of seven-night stays in […]
Read more

Choice Brand For New Phuket Hotel

Category: Hotels, Posted:30 Dec 2021 | 09:37 am The new upscale Quality Resort and Spa Patong will open in early 2022. Quality is a brand under Choice Hotels International, and the property is operated under a master-franchise agreement with a third-party management group La Vie Hotels & Resorts. La Vie currently operates a number of hotels across Asia Pacific. With 88-rooms, the Quality […]