What will be changed after foreign freehold is conceded by the new royal in Thai society? Although it is obviously seen that freehold could be beneficial to the ownership and country, there are several drawbacks too. This essay will examine the advantages and disadvantages of freehold and provide a logical conclusion.
A number of benefits from new drafting of new royal to allow foreigner to buy house or condominium by freehold are not only boost in country’s economy but also inheritable estate to the heir. Firstly, foreigners who invest with freehold buying can expand the revenue earned to the country since their fund is spent to be the landlord, meaning that they need to pay higher transfer fees and taxes during their living in Thailand than Thai people. For instance, the inholding land on Phuket island can generate a lot of profits if someone outside invests and builds on the residential project. Another example is a beautiful landscape like Pattaya beach area which always receives many incomes from tourists. Furthermore, foreign freehold is more desirable in the resale market but if they do not decide to sell as secondly, ownerships can directly forward their housing estate to their descendants with completely legal. This way, it seems to be a double benefit.
However, when the new royal let the outlander be the owner of the land, this might lead to many problems and some disadvantages to Thai citizens. The first point, we are focusing on the factor that could become the problem in the long term like the development of illegal economic activities. Also, some foreigners use the nominee to buy the land for them instead which is beyond the law limit. This affects Thai people in lessened places to live. Second, refers to the point that foreign freeholds exploit Thais. Second issue to find out is that foreigners can possess the land over the country not unless the rural land and agricultural portion or even the areas at risk of military security. These actions cause a significant increase of land price. Therefore, Thai people would get a lower chance to own the land, especially the poor. Besides, foreign freeholds that make the rental can not maintain the building. Thus, they are just dependent on the owner to develop all facilities in that building.
To conclude, the drafting of a new royal has both advantages and disadvantages as I mentioned above. Personally, I think the drawbacks outweigh its benefits. Hence, in order to balance the living in Thailand with a stable economic movement, we need to regulate more strictly in foreign freeholds which will be much better in the future.
What will be
changed
after
foreign
freehold
is conceded
by the
new
royal
in Thai society? Although it is
obviously
seen
that
freehold
could be beneficial to the ownership and
country
, there are several drawbacks too. This essay will examine the advantages and disadvantages of
freehold
and provide a logical conclusion.
A number of benefits from
new
drafting of
new
royal
to
allow
foreigner
to
buy
house
or condominium by
freehold
are not
only
boost in
country’s
economy
but
also
inheritable estate to the heir.
Firstly
,
foreigners
who invest with
freehold
buying can expand the revenue earned to the
country
since their fund
is spent
to be the landlord, meaning that they need to pay higher transfer fees and taxes during their living in Thailand than Thai
people
.
For instance
, the
inholding
land
on Phuket island can generate
a lot of
profits if someone outside invests and builds on the residential project. Another example is a
beautiful
landscape like
Pattaya
beach area which always receives
many
incomes from tourists.
Furthermore
,
foreign
freehold
is more desirable in the resale market
but
if they do not decide to sell as
secondly
,
ownerships can
directly
forward their housing estate to their descendants with completely legal. This way, it seems to be a double benefit.
However
, when the
new
royal
let
the outlander be the owner of the
land
, this might lead to
many
problems and
some
disadvantages to Thai citizens. The
first
point, we are focusing on the factor that could become the problem in the long term like the development of illegal economic activities.
Also
,
some
foreigners
use
the nominee to
buy
the
land
for them
instead
which is beyond the law limit. This affects Thai
people
in lessened places to
live
. Second, refers to the point that
foreign
freeholds
exploit Thais. Second issue to find out is that
foreigners
can possess the
land
over the
country
not unless the rural
land
and agricultural portion or even the areas at
risk
of military security. These actions cause a significant increase of
land
price.
Therefore
, Thai
people
would
get
a lower chance to
own
the
land
,
especially
the poor.
Besides
,
foreign
freeholds
that
make
the rental can not maintain the building.
Thus
, they are
just
dependent on the owner to develop all facilities in that building.
To conclude
, the drafting of a
new
royal
has both advantages and disadvantages as I mentioned above.
Personally
, I
think
the drawbacks outweigh its benefits.
Hence
, in order to balance the living in Thailand with a stable economic movement, we need to regulate more
strictly
in
foreign
freeholds
which will be much better in the future.