Property glut fueling visa offer schemes for foreigners with up to ฿1 trillion in unsold property

Bangkok has a residential property glut with up to 300,000 unsold residential or commercial properties as foreign buyers, mainly Chinese, are still caught behind their very own borders. There are currently a series of suggested schemes mooted connecting not only visas to condo home purchases however permanent residency. None has actually until now been verified. The latest boating of efforts is being routed at Finance Minister Arkhom Termpittayapaisith.

Carla Boonkong reports from Bangkok.

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