B · Normal
[Thailand cracks down on foreigners’ illegal land purchases and plans to force the sale of approximately 14 billion baht of land] On October 19, the Thai government will severely crack down on foreigners’ behavior of circumventing the land holding ban and plans to force the sale of approximately 14 billion baht of land. Thai law prohibits foreigners from owning land, but some people use Thai nominees to circumvent restrictions. The practice is coming under increasing scrutiny from authorities as a number of cases surface in major tourist and business hubs. According to reports, Thai Prime Minister Anutin said on the 19th that the government is intensifying investigations and crackdowns on illegal land holdings by foreigners and tightening review of newly purchased real estate.
Global market intelligence 🕐 2026-10-19 17:24

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