Major 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.”
Source:Property Report Asia