BUSINESSSCMP WORLD
Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand is cracking down on a loophole allowing foreigners to bypass land ownership restrictions, leading foreign buyers to delay villa purchases in resort destinations like Phuket and Koh Samui. The Department of Business Development has flagged 11,426 companies on Koh Phangan and Koh Samui where foreigners hold stakes.
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