Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday, after a public backlash against the plan.
BANGKOK —
Critics have argued the investment sum was too small and that the policy could drive up property prices, crowding out local ownership. Interior Minister Anupong Paochinda called the issue “a delicate matter” and said a study was needed to weigh the advantages and disadvantages.
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