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Changes to the leasehold bill ‘unlikely to impact property market’

The Thaiger

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Changes to the Leasehold Bill looks likely to update the way foreigners can maintain rights to use land in Thailand. A new bill has been approved by the Thai cabinet and could become law following the public hearing process that finished yesterday.

The intention of the changes to the bill, mooted last year, is to make leasehold arrangements more secure and attractive. It would also allow lessees to sublet, renovate a property and even inherit without the consent of the lessor. Lease rights will also be able to used as collateral.

Investors and lawyers have so far given the proposals a thumbs up saying that the new Bill is a ‘positive step forward.

Under current laws a lease agreement is automatically terminated up the death of the lessee.

Experts see one of the main improvements in the Bill is that leases will now be able to be mortgaged and make leases legally ‘saleable’, turning them into actual assets.

If the Bill goes into law under its current form leases for residential property will remain at 30 years and 50 years for commercial properties.

Experts don’t believe that the Bill ‘make-over’ will have any effect, either way, on Thailand’s residential property market.

Read more about the proposed changes HERE.

Find more property for sale and rent across Thailand at Thaiger Property, powered by FazWaz. You can even list your property for free.

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

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South

Major ‘ice’ haul intercepted in the South

The Thaiger & The Nation

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FILE PHOTO

An enormous haul of 280 kilograms of crystal methamphetamine, commonly known as “ice”, was found hidden in a pickup truck that was spotted abandoned in an oil palm plantation in Satun’s Manang district.

Supoj Sirisaeng, an assistant chief of Tambon Nikhom Pattana, alerted police to check the vehicle after it was found in the plantation. The pickup was taken to be checked at the Manang police station.

At first glance, the truck appeared only to be carrying 24 pumpkins and two batches of dried chillies.

But soon a 1 kilogram bar of ice was found hidden inside the truck and more bars were attached to the inside of the the back of the vehicle, covered by specially installed black rubber sheeting.

A further amount was also discovered on the floor of the truck, hidden under the black metal tray.

Satun police chief Pol Maj-General Supawat Thapkliew say that police had yet to locate...
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Phuket

DNA tests reveal Phuket’s Yanui is a….

The Thaiger

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PHOTOS: The Phuket PR Office

The DNA tests are in and it reveals that Yanui is a saltwater crocodile.

The Phuket Fisheries Office Chief Kowot Kaoeian says, “Yanui is a saltwater crocodile (Crocodylus porosus)."

“The crocodile has been reacting well to treatment. No microchip was found on the crocodile. Scratches were found on its tail, legs and mouth. One tooth was missing.”

“A microchip has been inserted into the crocodile. The body condition score is 3 out of 5. Vitamins have been given to the crocodile. No infections were found.”

Phuket’s much-travelled crocodile was finally been caught on July 29 at Layan Beach following a swimming tourney (with a few stops on the way), from Yanui Beach, in the far south of the island, to Layan Beach off Laguna.

The ‘Yanui’ crocodile (named by local Phuket reporters after the original beach it was sighted) was caught at Layan Beach after more than ...
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Chiang Mai

Storms and strong winds hit Chiang Mai

The Thaiger & The Nation

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A major road in Chiang Mai province has been blocked by fallen trees and power poles following strong winds and heavy rains today.

Trees and power poles on the Chiang Mai-Fang road in Mae Taeng district were brought down at about 10am, officials said. Phairin Limcharoen, chief of the province’s Disaster Prevention and Mitigation Office, coordinated with the Provincial Electricity Authority’s Chiang Mai office to send officials to remove the obstructions as a matter of urgency.

Then, at about 11.30 am, downtown Chiang Mai was hit with heavy rain, leading to flooding as rainwater flowed down Doi Suthep mountain too fast to be drained.

Meanwhile, officials on Tuesday visited 27 houses in four villages of Tambon Mae Thalob, in Chai Prakan district, that had recently s...

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