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Thailand Pushes 99-Year Leases to Spark Tokenized Property Boom

Fri Oct 10 2025

Thai developers call for 99-year foreign leases to attract crypto-native investors and transform real estate into on-chain assets. Phuket leads the tokenized revolution.

Thailand Bets on 99-Year Leases — A Tokenized Property Revolution Begins

Developers say short leases are killing growth. Extending them to 99 years could turn Thailand into the world’s next crypto-real estate hotspot.

⚡ Quick Hits

🏝️ Proposed reform: extend foreign leases from 30 → 99 years
💰 GDP growth (2025): below 2% — weakest in a decade
💸 Household debt: ~91% of GDP — among Asia’s highest
🧳 Tourism revenue: ~400B THB yearly across key provinces
🌿 Gen Z shift: 70% prefer sustainable stays, 84% pay extra for eco options
🪙 Digital turn: property tokens + crypto payments are already live in Phuket

🏗️ The 99-Year Play: Building the Digital-Native Economy

Thailand’s property sector is staring down a generational reset. Developers like Proud Group and Sansiri argue the next investors won’t queue at banks — they’ll mint homes as tokens.

At the Thailand Economic Outlook 2026 forum, Proud Group CEO Pasu Liptapanlop cut it clean:

“Thai law already lets us fractionalize property — even by a single square meter. Digital tokens are the new key to unlocking global investment.”

Extending leases to 99 years would finally give these on-chain assets real longevity — a chance to merge Web3 infrastructure with real-world liquidity.

💣 The Debt Wall

Thailand’s old growth engines — exports, tourism, consumption — are misfiring. Household debt near 91% of GDP is choking demand, while a strong baht crushes exports.

Sansiri’s CSO Phumipak Julmanichoti calls it bluntly:

“Household debt has broken the market’s backbone. Without new capital inflows, we’re stuck in stagnation.”

Developers see the exit not in banks — but in wallets. Foreign crypto-native investors, especially Gen Z, are Thailand’s new liquidity class.

🏠 From Titles to Tokens

Thailand is quietly leading Asia’s real-estate-token revolution. The Securities and Exchange Commission (SEC) already regulates digital-asset offerings tied to property.

Proud Group is tokenizing luxury projects — letting investors own micro-shares with yield paid via blockchain. Sansiri experiments with hybrid models, building homes for locals locked out of credit — bridging DeFi and dirt.

🌱 Gen Z Doesn’t Buy Square Meters — They Buy Meaning

Sustainability is now a market filter:

70% of Gen Z travelers choose eco-destinations
84% will pay more for verified green design

For Thai developers, that means eco-engineered, token-verified projects — smart utilities, renewable energy, and on-chain proof of impact.

Even luxury villas are morphing into “branded sustainable residences” — part hotel, part blockchain asset.

🪙 Phuket: Sandbox for a Tokenized Paradise

Phuket has become Thailand’s crypto lab. Developers there already accept stablecoins and digital tokens for property deals — skipping traditional banks.

The Bank of Thailand, SEC, and Finance Ministry are piloting the Digital Tourist Wallet (limit 50K–500K THB/month). Next step? Buying homes, condos, maybe even yachts — directly via blockchain.

If it scales, Thailand could be Southeast Asia’s first fully tokenized tourism-to-real-estate loop.

📜 Why 99 Years Changes Everything

Thirty-year leases don’t cut it for institutional or crypto-fund investors. Ninety-nine years transforms property tokens into long-horizon digital assets, competitive with Vietnam, Malaysia, and Singapore.

Developers stress this isn’t a land grab:

“After 99 years, the land still returns to the state — but during that time, it fuels liquidity, jobs, and innovation.”

🔮 2025–2026: Thailand’s Make-or-Break Window

Analysts say the next 18 months decide Thailand’s place in the Web3 economy. Pass the 99-year law + scale digital regulation → become Asia’s Gen Z investment hub. Miss it → watch capital flow to friendlier blockchains abroad.