living in the ‘Land of Smiles’

Chiang Mai, Thailand

Land Dept claims 90% of prime Phuket land controlled by foreigners

Via: Phuket Gazette

Phuket leads all of Thailand in the amount of land held by foreigners, with up to 90 per cent of prime beachfront land being illegally held through Thai nominees, claims one of the country’s top land officials.

Speaking at a recent seminar on legal issues relating to land ownership, Land Inspector Sriracha Charoenpanit said Thailand’s positive characteristics, friendly people and hospitality made it an attractive place for foreigners to want to live, work and acquire land.

The cumulative effect of this had been a growing problem of land ownership though Thai “nominees”, he was quoted as saying in a Thai-language report on the state-run MCOT website.

~~~
In response to the problem, new legislation is currently being drafted and expected to be made law in August. The new legislation will make it easier to prosecute violators, the head of the Land Department said.

Mr Sriracha explained that the law being drafted will be similar in principle to the anti-money laundering laws.

The law would also expand legal measures, better define what constitutes a violation, specify penalties and make it easier to prosecute violators, he said.

Penalties for Thai nominees could as much as double existing punishments, while foreigners found guilty will have their land seized before being deported, he said.

~~~

Similar situations existed in Pattaya, Cha-am, Hua Hin and parts of Chiang Mai and Chiang Rai, he said.

http://www.phuketgazette.net/archives/articles/2011/article10604.html

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personal thought:

1. I’ve heard for years, just this week in fact, how easy it is to set up a ‘dummy’ corporation in order to purchase land.

2. I’ve also read newspaper stories for years, stating: ‘This time we are serious, we are going to stop this practice!’, but nothing seems to happen.

IF in fact the law does go into effect next month, and they start confisicating property and deporting people, . . .

btw: I’m very happy to say, I rent, from a Thai.

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photo: Patong Beach, Phuket

I first visited Phuket in the early ’80s and Patong had a beach road, a paralle road, and some narrow sois conneting the two; ABOLUTE PARADISE!

But now, LOST!

.

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July 3, 2011 - Posted by | Uncategorized | , , , , , , ,

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