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THAILAND TO EXTEND DURATION OF FOREIGN LAND LEASES AND CONDO OWNERSHIP

The Thai administration has instructed the Ministry of Interior to amend laws to extend foreign land leases to 99 years and increase foreign condominium ownership to 75%. Prime Minister Srettha Thavisin stated that this policy aims to stimulate the economy, rather than favour foreigners or major investors. Key Points: Economic Stimulus Strategy: The Ministry of…