BUSINESSSCMP CHINA
Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Thailand is closing a loophole allowing foreigners to bypass land ownership restrictions, leading to delays in luxury villa purchases in resort areas 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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