A new bill to allow eligible foreigners to hold land ownership in Thailand are being vetted by the Council of State and it can still be changed, Prime Minister Prayut Chan-o-cha said on Tuesday.
The Council of State would gather opinions on the issue, Gen Prayut told reporters. Under the bill, foreigners categorised under four specific groups would be able to apply for permission to buy up to 1 rai (roughly 0.4 acre) of land on the condition they invest at least 40 million baht each for at least years.
