LivinLOS Posted November 1, 2020 Share Posted November 1, 2020 18 hours ago, rooster59 said: The media also reported that people like retirees, teachers and professionals could be given long term status for investing 3 million baht though exactly what they meant by this was unclear. Clear that up then ???? 1 Link to comment Share on other sites More sharing options...
Jeffr2 Posted November 1, 2020 Share Posted November 1, 2020 2 hours ago, Ireland32 said: How longer you gonna beat that dirty Farang statement for Christ sake It was tongue in cheek! And first time I've ever said that. It was a joke!!! 1 hour ago, Strongheart said: Anyone who sinks THB 10 million into a condo in Thailand should have their head examined. There are many who own condos that much and way more. THB 10 million doesn't buy you much in the better neighborhoods in Bangkok. 39 minutes ago, Neeranam said: Anyone with 10 million baht to invest doesn't worry about visas. Just buy an elite one or get someone to do it for you yearly. Permanent Residency is not that great a thing anyway. Not true. That money is for a place to live. And once paid for, you can live her very cheaply. Many can afford a 10 million Baht condo. But don't have another 10 for an elite visa. 2 Link to comment Share on other sites More sharing options...
Popular Post JAFO Posted November 1, 2020 Popular Post Share Posted November 1, 2020 1 hour ago, murraynz said: Many of us dont choose to buy a new condo off a developer..but we still invest millions thb in thailand... We should be treated equally.. I whole heartedly agree. What should happen is a complete review of the current rules. Like Murraynz says, I do not want a condo but I work and live here full time, pay Thai taxes and have for years, I built a nice house with my wife and invest daily in the Thai economy and will continue to do so . I fully respect and understand not allowing foreigners to buy and own the land because if they opened up that door, this place would be taken over by wealthy Chinese in a few years. It is really the only thing that keeps Thais in control. But for me ( and likely others) I would like to stop the 90 day check in. Maybe make it after 5 years of living full time and married to a Thai. The way it sits now, I am sole owner of the house and my wife is sole owner of the land. She wanted it that way for various reasons. BTW, I do not think its that they do not respect us, I personally think in the big picture we are just to small of a population for them to review and consider changes. The "ranters" on this site that go on and one about how much they contribute to the Thai economy and if they left it would crush the Thai economy are mistaken. it would be a minor blip on the radar screen, me included. 3 Link to comment Share on other sites More sharing options...
Sydebolle Posted November 1, 2020 Share Posted November 1, 2020 It will not happen for two reasons; Thais like your money but not your presence. Secondly, a permanent residency allows the holder to buy any condominium, irrespective of allotment. In other words, a PR holder can purchase condominiums in the 51% allotment of a building (but can sell it only to Thais or another PR holder). Secondly, a PR holder does not have to proof the origin of money which does not have to be transferred into Thailand. 1 1 Link to comment Share on other sites More sharing options...
crazykopite Posted November 1, 2020 Share Posted November 1, 2020 More BS it will never happen and why is it just Condo owners there are 1,000s who get a property via the company route . A Thai can go to most countries around the world and buy a property there are zero restrictions but they don’t want smelly ,dirty diseased festering foreigners buying property in Thailand . 1 Link to comment Share on other sites More sharing options...
SunsetT Posted November 1, 2020 Share Posted November 1, 2020 8 hours ago, thaipod said: Yes and report to your immigration office and pay 1900 Baht every 12 months.. For the Chinese a small price to pay to escape having your every move monitored under surveillence and controlled more and more by the Chinese State. Link to comment Share on other sites More sharing options...
Keesters Posted November 1, 2020 Share Posted November 1, 2020 Should have done this long ago. Too little too late. Link to comment Share on other sites More sharing options...
Percy P Posted November 1, 2020 Share Posted November 1, 2020 17 hours ago, misterjames said: They are getting desperate aren't they? ???? Well my be, Foreign money coming into Thailand goes directly into Thai Foreign reserve account boosting their ability to pay for foreign debt as you can't pay in Thai currency . Once the condo has been paid for the Foreign money is virtually their. This keeps a low exchange rate as the value of Thai currency increases. It also makes interest on Foreign Bank accounts very low as they don't need it. I don't change money into Thai Baht on Deposit Accounts until I need to, then it goes into my current account. Link to comment Share on other sites More sharing options...
khunpa Posted November 1, 2020 Share Posted November 1, 2020 (edited) Give it until end of 2021 and they will be handling out Thai-Passports and Free Barfine Coupons to anyone investing over THB 2 mill. in real estate and promising to stay more than 3 months. The Thai Economy is already destroyed. Give it more time an we will see much more willingness towards foreign investors. Edited November 1, 2020 by khunpa 1 Link to comment Share on other sites More sharing options...
zyphodb Posted November 1, 2020 Share Posted November 1, 2020 What about foreigners who build homes here then? Won't hold my breath... Link to comment Share on other sites More sharing options...
bbbbooboo Posted November 1, 2020 Share Posted November 1, 2020 Hmm... I’m more likely to win Lotto 5 times in a row, than this happening Link to comment Share on other sites More sharing options...
Percy P Posted November 1, 2020 Share Posted November 1, 2020 4 minutes ago, Keesters said: Should have done this long ago. Too little too late. But they have in other ways like 20,000 Baht having to be kept in a Thai Bank for an OA retirement visa. 400,000 Baht for a category O multi entrance visa . They want to Foreign money it cheap to obtain this way. If they would have to borrow off the IMF it comes at a high price . Link to comment Share on other sites More sharing options...
Percy P Posted November 1, 2020 Share Posted November 1, 2020 55 minutes ago, ThailandRyan said: They will supply you with these bracelets. You can get 4 of them I'm sure that could be arranged for you after spending 40,000000 Baht on two condos Link to comment Share on other sites More sharing options...
EvetsKram Posted November 1, 2020 Share Posted November 1, 2020 The entire application for residency is a joke. Many married & living here have never been work to work here so are pretty much disregarded. Why not allow residence to married after x number of years 1 Link to comment Share on other sites More sharing options...
Popular Post misterphil Posted November 1, 2020 Popular Post Share Posted November 1, 2020 What about those that already have a 10mil THB condo and cant get back in the Country to live in it? Total bonkers yet again! 3 Link to comment Share on other sites More sharing options...
Neeranam Posted November 1, 2020 Share Posted November 1, 2020 1 hour ago, Mr Meeseeks said: I agree with your premise on worrying about visas but it's two different schools of thought for me. If you are thinking to emigrate to Thailand properly then direct to citizenship or obtaining PR then citizenship is essential. Thus PR is important. If not, and you consider and recognise your status as a temporary visitor only, with no desire to integrate, then PR is unimportant. I agree that PR is useful if you're going for citizenship if not married to a Thai, but not much else. As I am married to a Thai I didn't need it to apply for citizenship. 1 Link to comment Share on other sites More sharing options...
StevieAus Posted November 1, 2020 Share Posted November 1, 2020 18 hours ago, Gumballl said: It is what the gov't does after consuming a few cocktails... they spew out laughable ideas. It’s not an announcement by the Government it’s a recommendation by the Thai Condominium Association to the Government. Too many cocktails eh. Link to comment Share on other sites More sharing options...
Percy P Posted November 1, 2020 Share Posted November 1, 2020 32 minutes ago, crazykopite said: More BS it will never happen and why is it just Condo owners there are 1,000s who get a property via the company route . A Thai can go to most countries around the world and buy a property there are zero restrictions but they don’t want smelly ,dirty diseased festering foreigners buying property in Thailand . I don't think very many dirty foreigners are going to pay 20,000000 Baht for a condo ,they have more sense. 1 Link to comment Share on other sites More sharing options...
TooBigToFit Posted November 1, 2020 Share Posted November 1, 2020 That's a laugh. Nothing will change in Thailand as long as the dinosaurs and those who have privilege to control everything and jail anyone continue one with their massive cult. But there could be a lot more Thais looking to leave Thailand for what they think of as the civilized world. The young generation in the streets won't last here so there's a whole horde of potential condo buyers that will leave. Link to comment Share on other sites More sharing options...
kevin612 Posted November 1, 2020 Share Posted November 1, 2020 I doubt it, Thai immigration is too harsh on the foreigners. It makes everything more complicated. Link to comment Share on other sites More sharing options...
Percy P Posted November 1, 2020 Share Posted November 1, 2020 9 minutes ago, StevieAus said: It’s not an announcement by the Government it’s a recommendation by the Thai Condominium Association to the Government. Too many cocktails eh. But the Government ratify it as it's in their interest. Link to comment Share on other sites More sharing options...
Jack Cook Posted November 1, 2020 Share Posted November 1, 2020 What insane lunatic would sink any money into a corrupt country that is about to fall off a cliff in so many ways. Even if I could get back I wouldn't bother going. Too many far better non crooked options now. Thailand has had it now and will just slide back into the 3rd world. Link to comment Share on other sites More sharing options...
StevieAus Posted November 1, 2020 Share Posted November 1, 2020 16 minutes ago, Percy P said: But the Government ratify it as it's in their interest. You really think that’s going to happen I wouldn’t hold your breath. Link to comment Share on other sites More sharing options...
barney42bb Posted November 1, 2020 Share Posted November 1, 2020 Less embarrassing, expensive and hazardous...... To wear a T'Shirt, declaring yourself to be a "Gullible T//t Farrang on a daily basis. The laughable suggestions are never ending. Link to comment Share on other sites More sharing options...
SpanishExpat Posted November 1, 2020 Share Posted November 1, 2020 (edited) Funny as always???? Even if I had that money laying around. No way!! I’m quite deep into the BKK condo market due to my gf’s job and we bought a 2nd condo to rent it out. All I can say is that they + 10 Mio condo market is super super difficult once you wanna resell it!!! Most Thai ppl in BKK buy condos from 1.5- 5/6Mio Baht. After that there’s a huge gap and it gets interesting again in the luxury market starting at 20/25Mio. There’s a reason why many condo owners in the 10Mio Baht segment struggle to even find people to rent it and in the end have to decrease the rental/ reselling prices. Edited November 1, 2020 by SpanishExpat 2 Link to comment Share on other sites More sharing options...
TERMINATOR3AB Posted November 1, 2020 Share Posted November 1, 2020 Love the pics .... yes this is the real Thailand ...tourist never see My wifes Condo is in pleaaseant enough area 35 minutes from Bangkok central But these pics show what it is like 5 mimutes from the Condo 5 minutes from main roads with 1 million Baht cars bumper to bumper for 50 klms There is poverty still in Thailand I think where half you ex-pats live never see this the real Thailand Crowded filthy pockets where 1000,s live and call a home they do the best with what they have and seem happy friendly non racist people... It is the middle class and rich that are the racist in Thailand as they see visitors as a threat the their control 10,000,000 baht for a condo no way hosie ....who now wants to live in Thailand Apart from the Chinese wanting to get out of commy China and get away from the crowds ..hahahaha Good luck Thailand Link to comment Share on other sites More sharing options...
Dukeleto Posted November 1, 2020 Share Posted November 1, 2020 And after you have bought into the scheme it gets taken away after they have sold the glut of condos. Classic Thai manouver. 1 Link to comment Share on other sites More sharing options...
Rockbottom Posted November 1, 2020 Share Posted November 1, 2020 A person would have to be braindead to invest in any economic sector of Thai society right now. Thailand is headed for a deep depression in 2021. Link to comment Share on other sites More sharing options...
Dominion Posted November 1, 2020 Share Posted November 1, 2020 Ten million baht for resident status? Desperately seeking fools. You can get resident status in other countries, without the BS and half the price! Link to comment Share on other sites More sharing options...
Pheat123 Posted November 1, 2020 Share Posted November 1, 2020 5 hours ago, hansnl said: I guess in 15 years I invested 20+ million Baht in the country. Do I qualify? I know, I am not Chinese, but can I ask? Baht spent on hookers does not count. Link to comment Share on other sites More sharing options...
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