Bid to boost Thai prop­erty mar­ket

New Straits Times - - Business -

BANGKOK: Thai­land is study­ing a law to al­low for­eign­ers to buy prop­erty through 50-year lease­hold con­tracts and also to sell them, which would help boost de­mand for the coun­try’s prop­erty sec­tor, said its fi­nance min­is­ter. For­eign­ers cur­rently can­not sell lease­hold prop­erty. “The fi­nance min­istry is look­ing at this idea, which is highly pos­si­ble,” said Apisak Tan­tivo­ra­wong on Thurs­day. “If we can do it, the prop­erty in­dus­try will boom again be­cause de­mand will come from all over the world,” he said.

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