Phuket tourism operators have voiced opposition to a government policy that allows foreign nationals who purchase property worth at least 3 million baht to qualify for a long-stay visa, warning that the investment threshold is too low and may attract lower-quality visitors while driving up real estate prices.
Under the scheme, which took effect on October 1, 2025, the Immigration Bureau permits foreigners who buy a condominium valued at a minimum of 3 million baht—or rent accommodation costing at least 85,000 baht per month—to apply for a one-year long-stay visa. Family members or dependents are also eligible to apply for visas without any additional investment requirements.
Thaneth Tantipiriyakij, president of the Phuket Tourist Association, said that while Phuket has historically been less successful than destinations such as Chiang Mai in attracting long-stay visitors due to its higher cost of living, industry operators are concerned the new rules make it too easy for foreigners to acquire property in Thailand.
He argued that the 3 million baht investment requirement is disproportionately low compared with the benefits granted, particularly the opportunity to secure long-term residency. Allowing dependents to obtain visas without further investment, he added, undermines the country’s objective of prioritising high-quality tourism over visitor volume.
Mr Thaneth also warned that the policy could create loopholes enabling illegal activities, including unauthorised employment or business operations. He said some foreign buyers may also purchase multiple condominium units and rent them out to short-term tourists, in violation of regulations.
In addition, increased foreign demand for property could push up housing prices and living costs, placing pressure on local residents, he said.
Thailand Longstay Management, which supports the one-year long-stay visa scheme, said the measure is intended to stimulate the property sector by attracting foreign investment. The company assists the Immigration Bureau in screening visa applications and maintains that applicants with criminal records will be denied approval.
Under the programme, foreigners may only buy or rent property from Thai developers or owners and must comply with existing ownership rules, which limit foreign ownership in condominium projects to no more than 49% of total units.