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Bangkok Post

National

Foreign ownership ‘could mean more illegal hotels’

An aerial view of high-rise residential and office buildings in Bangkok in June 2024. (Photo: Nutthawat Wichieanbut)

Hotel operators are concerned about changes to foreign ownership rules for real estate because they believe it could lead to more illegal hotels in Thailand.

The government’s proposal aims to extend the leasehold period to 99 years for foreigners, while increasing the quota for foreign ownership of condominiums from 49% to 75% of usable space in a building.

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