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Real Estate exempt from new currency rules


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#1 Sexpat

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Posted 22 December 2006 - 11:55 AM

"...The Bank of Thailand clarified yesterday that property including land and condominiums would be exempt from the reserve requirement on short-term capital inflows.

Foreign purchasers of condominiums can bring funds into Thailand to make purchases but buyers should clearly state the project name and unit number when remitting funds."

http://www.bangkokpost.net/breaking_news/b...s.php?id=115353