How Thai super-luxury property stacks up against coming reforms

Low-res-Sansiri-98W-Exterior-Entrance-800x600Low-res-Sansiri-98W-Exterior-Entrance-800x600Major developers in Thailand expressed both raves and reservations in light of reforms mulled for real estate, which include longer-term leases for foreign investors.

“If I speak for all developers, I quite like a long-term leasehold,” said Uthai Uthaisangsuk, senior executive vice president at Sansiri Plc, in a news conference Thursday. “Today, the leasehold [for foreign property buyers]is just 30 years. But if the government can extend from 30 years to 50 years, I think that would be better. This might lead to more single-detached homes, even land, for foreign people to invest in.”

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Source:Property Report Asia

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