During an interview with Nation TV, Mr. Meesak expressed his support for the Interior Ministry’s proposal to increase foreign ownership from 49% to 75% and extend leases for up to 99 years. He noted that the government’s aim is to boost economic growth by allowing real estate to be sold in the country and attract more foreign investment.
However, Mr. Meesak pointed out that there are already many expats living in Thailand who own properties and conduct business through domestic nominees, often with Thai nationals holding 51% of shares and foreigners holding 49%. He cited data on registered companies in prime locations like Chonburi, Phuket, Surat Thani, and Prachuap Khiri Khan, showing a high percentage of nominee firms.
Given this information, Mr. Meesak supported the government’s proposal to increase foreign ownership but expressed concern about the sensitivity of the issue. He believed that allowing foreigners to buy residences was a good move but cautioned against purchasing or leasing long-term property for business purposes as it could pose a threat to Thailand’s economic structure.
