The northern Thailand province of Tak is making plans to issue new regulations to prevent opportunists from snapping up land in the special economic zone for price speculation.
Tak Provincial Governor Somchai Hatayatanti will meet related agencies to discuss rules and directives aimed at fostering business activities in border districts, while protecting the benefits of local people from investors trying to buy up the land.
One possibility is to allow the private sector to invest in the special economic zone only as tenants.
An initial compilation of data showed that the special economic zone in Tak consisted of Mae Sot, Mae Ramat and Phop Phra districts, where most of the land plots were the state’s property. Most people living in the area were granted residential rights.
Meanwhile, the Ministry of Commerce will be holding a border trade fair between January 28 and February 1 at Mae Sot Municipality Stadium in a bid to enlarge business opportunities between Thailand and Myanmar.
Image: Umphang Highway by Lerdsuwa/Somporn Jitporkkasem – Own work. Licenced under CC BY-SA 3.0 via Wikimedia Commons.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
