Thailand nixes plan to let foreigners buy land after backlash

A street food vendor in Patong town in Phuket, Thailand. Plans to allow foreigners to purchase land in the country have been scrapped after much backlash. - Bloomberg

BANGKOK (Bloomberg): Thailand junked a new proposal to allow foreigners to buy land for housing after the plan triggered a public backlash, with the opposition parties saying the move was akin to "selling out” the country.

The Cabinet approved an interior ministry proposal to pull the plan for further reviews, government spokesman Anucha Burapachaisri told a briefing after a meeting in Bangkok on Tuesday. The government will analyse public opinion and feedback to evaluate the overall impact, he said.