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Bangkok Post
Bangkok Post
Business

FORGOTTEN HISTORY: An age old dilemma 9afcd29e 6347 44be 915d e83fa290eea4 | History Defined

A sign advertising land for sale. The Thai government recently introduced a proposal to allow foreigners to own land of up to one rai for residential purposes.

The government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest here, a policy that has been widely derided as "selling off" the country.

The measure allows foreigners who obtain a long-term resident visa to buy up to one rai of land to build a house under the condition that they invest at least 40 million baht in the country for at least three years.

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