PROPERTY

PM allays foreign quota fears

Onnucha Hutasingh and Wassana Nanuam, Published on 23/06/2024

» Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75% and extend land lease terms for foreigners to 99 years from 30-50 years, saying these measures will help stimulate the economy.