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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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3 hours ago, madmen said:

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

 

Sounds fair 

That's not the way I read it, they want to see the purchase amount deposited in the bank at some point in the past and it appears to be a filter to keep out the people who bought small / cheap condos.

 

If you've dropped 5 to 15 million on a home then you can show a bank deposit of 5 to 15 million, can't you? They didn't mention a current balance of this amount.....

 

I think this needs some clarification as to whether a deposit 10 years ago of more than 3 million Baht will suffice here, I suspect it will but I could be wrong.

 

Edited by ukrules
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Do they publish this as well in Thai language.

 

Hundreds of thousand Thai girls must be crying their eyes out now.

Now farang to support them anymore.

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it really is about time the embassies were involved in this,its blatently trying to gouge money from people based on racism.we are always and constantly being lectured about this in europe and n america but when it happens the people lecturing about it do nothing,the thais should be warned and then the same regs visited upon them,germany could start by showing the world theyre not corrupt and hypocritical,go ask all the illegal immigrants who paid millions to bribe their way in there and others.

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2 hours ago, Seeall said:

So if you are overseas how do you get a Thai bank statement?

Thats the least of it .

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40 minutes ago, holy cow cm said:

I just told my kids and wife at the lunch table and their jaws literally dropped. Wife said good way to lose money.

Thai wife ? She has her eye on it already 😉

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As mentioned above they want to see govt bonds as an option so that 3 mill is needed in cash deposit and not for valuations.. 

Edited by madmen
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