Phuket Land For Sale & Rental in Phuket


Phuket Provincial Land Office (PPLO) has reported a significant drop in land transfers since the announcement on 27 June that companies with foreign shareholdings seeking to transfer land will be thoroughly investigated. According to PPLO chief, Supot Suwannachote, land transfers applied and approved by PPLO over recent months are: 20 companies in March; 17 companies in April; 24 companies in May; 17 companies in June; and just five companies in July – of which all five have 100% Thai shareholders.

Phuket Land For Sale


K Supot explained that investigations had been stepped up since the the well-publicised Bandidos case in Samui. According to press reports, the Bandidos were a gang whose three members were charged in July with extortion, money laundering and six counts of illegal sale of public land. A police spokesman was quoted in a Thai newspaper as claiming the suspects brought more than 79 million baht into Thailand over the past two years and laundered it through various tourist-related businesses. A six-month investigation by police found that the Bandidos had a network that extended to Bangkok, Pattaya, Samui and Phuket.

The PPLO issued an official letter dated 27 June to inform local companies with foreign shareholders of its stricter adherence to existing land law. “We are checking for any suspicious cases in which companies have increased their capital shares or are changing managing committees to hold company shares for foreigners,” explained K Supot, “and are conducting business concerning properties in Thailand, such as buying, leasing, operating a hotel or building a resort.”

Phuket Land For Rent


“Companies only have to present the evidence to prove that Thai shareholders are doing the land transfer and not a foreigner,” K Supot said. “If a Thai shareholder receives a loan to do the land transfer, evidence must be presented to officers. This should not be difficult for those who are legally transferring land.”

Phuket Property |Phuket Villa | Phuket Land | Phuket House | Phuket Apartment