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Thailand threatens forced sale of US$420m in land held through foreign proxies

Thailand's government said on Monday it could force the sale of up to 2,300 plots of land worth more than $400 million as part of a crackdown on property held unlawfully by foreigners.

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泰国威胁强制出售通过外国代理人持有的价值4.2亿美元的土地

Thailand has been cracking down on foreigners buying up property in certain hot spots, including Phuket. -- PHOTO: BLOOMBERG

BANGKOK, Thailand (AFP): Thailand's government said on Monday it could force the sale of up to 2,300 plots of land worth more than $400 million as part of a crackdown on property held unlawfully by foreigners.

Prime Minister Anutin Charnvirakul called in a speech for tougher action against the use of Thai proxies to circumvent a ban on non-Thais owning land.

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