Thailand Scraps Foreign Land Ownership Proposal, Cites ‘Sensitive’ Issue

[Epoch-Times-Bot]

Thailand Scraps Foreign Land Ownership Proposal, Cites 'Sensitive' Issue

Thailand has withdrawn a proposal allowing foreigners to buy up to one rai—the Thai equivalent of 0.4 acres—of land in Thailand, a government official said Tuesday, despite the cabinet's previous approval of the plan.
Thailand's Interior Minister Anupong Paojinda said the proposal had been removed from the cabinet agenda because it is a "sensitive" matter that requires additional review, Bangkok Post reported.
"We must take the matter back for review because it is sensitive. It must be reviewed to gauge the positive and negative effects on the economy and society," Anupong told reporters.
The draft bill, previously approved in principle by the cabinet on Oct. 26, would allow foreigners to buy land in Thailand if they invest 40 million baht ($1.1 million) in securities or bonds over three years....

Source: Thailand Scraps Foreign Land Ownership Proposal, Cites 'Sensitive' Issue

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