HOUSINGBackground
112 Koh Pha Ngan firms face land loss over foreign shareholdings
Surat Thani officials have identified 112 companies on Koh Pha Ngan with foreign shareholdings exceeding legal limits and are moving to revoke their land rights. Disposal orders have been issued for eight entities so far, with 28 under consideration and 76 cases under review. The crackdown targets nominee structures and illegal land ownership on the island.
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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