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Real Estate Law in Thailand | Legal Articles for Expats

Real Estate

My ministers not involved, says premier

Source: Thai National News Bureau Public Relations Department - 18 July 2006 / Source: The Nation

Allegations that members of the government had encroached on forest land

WASSAYOS NGAMKHAM: Caretaker Prime Minister Thaksin Shinawatra rejected allegations yesterday that members of his government had encroached on forest land on Koh Samui. Mr Thaksin gave his personal guarantees that none of his ministers were linked to the scam and caretaker Natural Resources and Environment Minister Yongyuth Tiyapairat had undertaken an inspection trip to look into the allegations. Mr Thaksin insisted that the encroachers would be brought to justice, no matter who they were.

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New Property Law may signal boom end

Source: Samui Community Newspaper - June 2006

A new Interior Ministry regulation that came into effect on May 25 seriously affect Thailand's property sector by requiring all partly foreign owned companies to demonstrate the source of their capital before being allowed to buy land. The regulations have already caused property sales in Thailand's popular beach resorts to slow down, as they effectively remove a loophole in Thailand's strict laws that otherwise prohibit foreigners from directly purchasing property themselves.

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