Hua Hin, a hidden gem of Thailand, is nestled in the serene and natural surroundings of Prachuap Khiri Khan province. Originally a retreat for Bangkok residents escaping the hustle and bustle of city life, Hua Hin has seen tremendous growth over the past few decades. As the city has evolved, with its first shopping malls and an influx of new residents, it has maintained its laid-back charm, far removed from the crowds of Phuket and Pattaya. Hua Hin offers a friendly atmosphere that attracts many to this coastal haven. Let's explore the top 5 reasons why so many have chosen to make Hua Hin their home.
Thailand recently proposed a law to extend property leasehold rights from 30 to 99 years, mainly to attract foreign investment and long-term residents. Here are the key points to know :
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Current law: 30-year leasehold limit (with renewal options)
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Proposed change: 99-year leases (details on application pending)
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Target: Foreign investors and retirees
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Objective: Boost real estate sector and economy
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Scope: Residential and commercial properties
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Status: Proposal backed by the Prime Minister and Finance Minister, awaiting parliamentary approval
If passed this new law would offer more security for foreign buyers and businesses. The goal is to boost the real estate sector and stimulate the economy by inviting long-term foreign participation in both residential and commercial properties. This shift would also put Thailand on par with places like Singapore and Malaysia.
We’ll follow up on this proposal’s progress!
