"Thailand Proposes Extending Land Leases to 99 Years and Increasing Foreign Condo Ownership to 75%
Thai Prime Minister Settha Thawisin has announced a proposal from the Ministry of Finance to extend land leases to 99 years and increase the foreign ownership limit for condominiums to 75% as part of an economic stimulus strategy. Currently, Thai law permits 30-year leases. Extending them to 99 years is seen as a move to align with international standards and make property ownership fairer for foreign investors."
https://zagdim.com/en/real-estate-econo ... ownership/
Thoughts:
1 That does not mention land leases for foreigners.
2 Increasing the foreign ownership limit in condos to 75% seems like a good idea.
3 Increasing leases to 99 years seems like a very good idea. If I bought a property today, I'd have a 35~40% chance of outliving a 30 year lease & who wants to deal with that at an advanced age ? A 99 year lease solves that problem, with some margin.