TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Farming Foreign Ban Mirrors Attitude on Land Ownership

Category: Real estate, Posted:15 Aug 2009 | 11:05 am

Despite a profound slump in the property market and capital flight of many overseas institutional investors in the sector, there appears to be little light at the end of the tunnel on changes to the existing land ownership law. Comments made this week by Prime Minister Abhisit Vejjajiva reinforced the ban on farm land under the existing Foreign Business Act have reiterated that Government policy and public sentiment remain entrenched and unmovable.
Triggering the farmland issue has been a growing rice farming industry where many of the growing Asian countries have turned from exporters to importers as a result of population growth. Not dissimilar to the FBA (foreign business act) scare a few years ago in the real estate trade, the alleged use of Thai nominees is becoming a hot enforcement issue.
Taking a step back and viewing the current high profile farm land and rice issue which have raised calls for protectionism in the country, its clear that the same arguments will apply to property land owning and form a very large obstacle to reforms in the foreseeable future.

Other News

Read more

Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
Read more

The C9 Sessions – Understanding Thailand’s Hotel License Regime and Procedures for Branded Residences, Condo Hotels, Mixed Use Projects and Vacation Rentals

Category: Hotels|Real estate, Posted:13 May 2024 | 16:39 pm Branded residences, condo hotels, mixed-use projects, and vacation home rentals are becoming a significant player in Thailand’s hospitality space. As property developers, real estate investors, and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute co-working lunch learning session about all the moving parts in […]
Read more

Phuket Hotels Association Charity Online Auction Now Open

Category: Hotels|Tourism, Posted:28 Apr 2024 | 09:14 am The Phuket Hotels Association’s absolutely fabulous charity travel sale is now open. This annual event continues to grow with amazing travel stays and other prizes not only in Phuket, but across the region and the world. New items are continuing to be added so check back often. All proceeds go to support over 20 full-time […]
SiaJai logo

Thailand's Leading Homecare Marketplace