Thailand tweaks visa-for-cash plan, popular among Chinese, to aid developers amid supply glut

//Thailand tweaks visa-for-cash plan, popular among Chinese, to aid developers amid supply glut

Thailand tweaks visa-for-cash plan, popular among Chinese, to aid developers amid supply glut

Thailand will launch a new visa-for-cash plan targeting wealthy foreigners to help rescue the nation’s developers as the coronavirus pandemic worsened a supply glut amid the nation’s worst recession on record.The government will offer five-year residency from January 1 to investors who purchase a completed property worth at least 10 million baht (US$331,560) from participating developers, according to Thailand Privilege Card, the state-owned operator of the visa programme. The property, mainly…

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By | 2020-12-07T23:30:08+00:00 December 7th, 2020|Business|Comments Off on Thailand tweaks visa-for-cash plan, popular among Chinese, to aid developers amid supply glut