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Foreign property owners now allowed to return to Thailand


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Farookin' ridiculous! Three million Baht earning 0.1% in a Thai bank plus another half million doing nothing in your home country - just how anxious do they think people are? Expect a lot more co

So punters drop eg 5 to 15 million baht on a home and now need to show 3 million to use it   Sounds fair 

Let's face it...this is just another step on the road to clearing out foreigners (apart from their brothers and sisters in China).......It is all part of going down the (silk) road to become the next

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On 10/13/2020 at 1:16 PM, Pattaya Spotter said:

And neither is Vietnam 🇻🇳 

If you think that you buy a property because of a easy or difficult visa regulation. Than you are a bad investor.

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On 10/12/2020 at 4:56 PM, sdweller said:

Thank GOD we did not buy property in Thailand, this country is NOT what we thought it was!!!   Vietnam, here we come, (as soon as they open anyway lol)

 

If you think that you buy a property because of a easy or difficult visa regulation. Than you are a bad investor.

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4 minutes ago, alianware said:

If you think that you buy a property because of a easy or difficult visa regulation. Than you are a bad investor.

I don't buy property for investment...I buy to live in.

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On 10/10/2020 at 11:15 AM, Pottinger said:

Farookin' ridiculous! Three million Baht earning 0.1% in a Thai bank plus another half million doing nothing in your home country - just how anxious do they think people are?

Expect a lot more condos to come up for sale.

I think it’s 3 million baht in the bank for property owners - no additional 500,000. That is just for SETV

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On 10/10/2020 at 10:30 AM, Airalee said:

Only a complete financial illiterate would put 3 million baht into a Thai bank when the deposit protection drops to ONE million baht next year.  

 

Currently 85k in the UK. But the UK also added, rather quietly, that nice little change that all the European countries learned off Cyprus. The government can confiscate part of your savings in cases of emergency. Negative bank rates, paying for the privilege of banking whilst the government may or may not decide to cream off whatever % it fancies.

 

The reduction of deposit protection has been deferred more than once, like many things here. So before condemning others, check your own country's rules; your own banks' liquidity, and the liquidity of Thai banks.

 

 

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So, if these requirements continue - then I will NOT be able to get back into LOS, since my CHANOD is in Thailand - as well as my Bankbook with the necessary 800.000 Bath that I needed for my Retirement Visa for the past 10 years.....

Wile I may be able to get the Money back from the Bank, but the Condo will then be a ..... Write-off??? This is an UNBELIEVABLE situation - but ...... TiT???

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On 10/9/2020 at 8:45 PM, NorthernRyland said:

Seriously 3 million baht? This is no way to treat people who own condos. I wish sometimes we could do this <deleted> to the Thais that live in our countries. Maybe they would learn something in the process.

They keep a low profile in the USA. Lots Thai restaurants and some massage business in my area. I have never been to any Thai massage parlor or spa. I have no idea what goes on there. I usually confuse them with Central Americans or even Mexicans . But there are always some rich half Thai arrogant  kids to enrich the environment around here. Go to San Francisco it is like being in Bangkok. 

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On 10/10/2020 at 10:15 AM, Pottinger said:

Farookin' ridiculous! Three million Baht earning 0.1% in a Thai bank plus another half million doing nothing in your home country - just how anxious do they think people are?

Expect a lot more condos to come up for sale.

Quite agree, this is a way Thailand can gain Foreign money  virtually free . With all this Foreign money in their Foreign Currency Account there's no need to go to the International Monetary Fund for a lone should they need one .Foreigners are loaning them the money virtually free. And where is Thailand investing that money at a higher interest rate then there giving . 

With virtually no tourist no problem, foreigners here  are providing the money. But the hotels GHouses small businesses who rely on tourists will have to close down . The hotel I stay in normally in Bkk have shut up ,dismissed the staff. 

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On 11/11/2020 at 11:34 PM, Baerboxer said:

 

Currently 85k in the UK. But the UK also added, rather quietly, that nice little change that all the European countries learned off Cyprus. The government can confiscate part of your savings in cases of emergency. Negative bank rates, paying for the privilege of banking whilst the government may or may not decide to cream off whatever % it fancies.

 

The reduction of deposit protection has been deferred more than once, like many things here. So before condemning others, check your own country's rules; your own banks' liquidity, and the liquidity of Thai banks.

 

 

Don’t put more than 1 million baht into an individual bank - open accounts with as many as required to hold large sums of money. Krung Sri is (was in 2018) foreigner friendly and owned by Mitsubishi - recommended as a primary or secondary bank

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Regarding the 3 Mill Baht In-the-Bank Issue. 

Does anybody know WHY the Authorities opted for THAT amount? 

I already had the required 800K in my Thai Bank for many years - to get my Retirement Visa, but WHY now the additional 3 Mill?

I only have a small Studio Condo (2 Mill) - the additional 3 Mill would make it almost impossible for me to get back there?

Any thoughts - except ....... waiting until the situation get's more reasonable ....in mid/late 2021 - or early 2022??

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8 minutes ago, Awinkl said:

Any thoughts - except ....... waiting until the situation get's more reasonable

 

Given you mention your "retirement visa" what's stopping you now?

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13 minutes ago, Awinkl said:

Regarding the 3 Mill Baht In-the-Bank Issue. 

Does anybody know WHY the Authorities opted for THAT amount? 

I already had the required 800K in my Thai Bank for many years - to get my Retirement Visa, but WHY now the additional 3 Mill?

I only have a small Studio Condo (2 Mill) - the additional 3 Mill would make it almost impossible for me to get back there?

Any thoughts - except ....... waiting until the situation get's more reasonable ....in mid/late 2021 - or early 2022??

My suggestion would be to come back when retirement visa/extension holders are allowed back, rather than this 3 mill baht requirement for property owners. It’s probably not far away. However if you are like me, your OA visa/extension may have expired by then.

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5 minutes ago, Salerno said:

Given you mention your "retirement visa" what's stopping you now?

Firstly, I cannot leave Oz - until they open flights - and then, I'd hope to wait until they don't require Quarantine anymore? ...... and certainly, I don't want to have to stomp-up another 3 Mill.

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1 minute ago, Thaifly88 said:

My suggestion would be to come back when retirement visa/extension holders are allowed back...

 

They already are.

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