[Quoted from Bangkok Post]
No witch-hunt, says Lands Department
Foreign ownership debate intensifies
By: KANANA KATHARANGSIPORN
Published: 15/06/2009 at 12:00 AM
The Lands Department does not have a policy to scrutinise acquisitions in which illegal use of Thai nominees on behalf of foreigners is suspected, says director-general Anuwat Maytheewibulwut.
Land ownership revocation cases mostly occur when a complaint or conflict [...]
According to Property Wire –
A new draft bill on land and property tax in Thailand is being drawn up with some warning that it may not benefit the residential real estate market. It is aimed at helping property owners make better use of their property and land especially in terms of selling any that [...]
I was quite surprised at such bullish news. But bullish news is good at least for most of Asia, we can still expect foreign investment funds to continue to flow into our markets and provide strong support in the long term. The ongoing credit crisis in the US and Europe has put pressure on a [...]
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