The government has defended a bill to allow foreigners categorised under four specific groups to apply for permission to buy up to 1 rai of land on the condition they invest at least 40 million baht each for at least three years.
The bill is simply an amendment to the ministerial regulation that has been in existence since 2002, said government spokesman Anucha Buraphachaisri.
The amendment, if passed, will apply to four groups of foreigners who hold Long-Term Resident (LTR) visas under a recently introduced scheme to attract foreign investment, he said.
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