High-rise condominiums along Sukhumvit Road near the Asok intersection in Bangkok are popular with foreign buyers. There are two CESA agenda items focusing on the property sector: aid measures and a co-project with Thailand Elite Card to boost condo sales from foreign buyers. If the government can regain at least 20% of tourism revenue in those provinces, the property sector will also benefit. "Many neighbouring countries have tried to lure foreign buyers to boost their property sector," he said. "To boost sales from foreign buyers, developers need to offer them a leasehold contract."

Source: Bangkok Post September 15, 2020 23:03 UTC