“Leasehold Has Been Condemned.” Why Hasn’t the Market Collapsed?
In our previous article, we briefly discussed the Thai Supreme Court ruling that supposedly “condemned” leasehold. Why didn’t the condominium market in Phuket lose 51% of its value (the Thai ownership quota in condominiums, which is often offered to foreigners on a leasehold basis)? And why didn’t the entire villa market collapse, given that foreign …
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