HOUSINGBackground
112 Koh Pha Ngan companies face land rights revocation
Surat Thani officials are moving to revoke land rights of 112 companies on Koh Pha Ngan found with foreign shareholdings exceeding the legal limit. Disposal orders have been issued for eight entities, while 28 more are under consideration. The crackdown targets nominee structures used to circumvent Thai land ownership restrictions.
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Sources
- The Thaiger112 Koh Pha Ngan firms risk losing land over foreign shareholdings
- The ThaigerThailand video news | Phuket protests tourists, Palestinian Flag Fight, 10-baht coin sells for millions
- The ThaigerInterior Ministry probes 112 firms over Koh Pha Ngan land holdings
- Khaosod EnglishInterior Ministry follows up on nominee probe in Surat Thani
- Thai ExaminerDrive against foreign owned property and business on Koh Samui and Koh Phangan now targets leases