The Cabinet’s recent decision to extend property leaseholds for foreigners from 30 years to 99 years and increase the foreign ownership ratio in condominium projects from 49% to 75% is expected to attract foreign investors and alleviate the current market slump.
he Real Estate Information Centre (REIC) of the Government Housing Bank has supported a major policy change aimed at rejuvenating Thailand’s real estate market.
Key Takeaways
- The Government Housing Bank’s Real Estate Information Centre (REIC) has supported a new real estate policy for foreigners.
- The Thai Cabinet agreed to increase the foreign ownership ratio in condominium projects from 49% to 75%.
- The policy change comes in response to a significant drop in purchasing power among Thai consumers.
The Cabinet’s recent decision to extend property leaseholds for foreigners from 30 years to 99 years and increase the foreign ownership ratio in condominium projects from 49% to 75% is expected to attract foreign investors and alleviate the current market slump.
