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What happens when I buy a condo in a building that gets torn down? I understand that part of the proceeds will be split among individual condo owners, but given the legal system in Thailand, I have concerns about potential foul play - e.g. the land owner sells at an artificially low price to a family member who then tears it down and builds a new apartment complex to sell the units.
I came across this thread on Thai Visa from 2010:
Lots of good advice. But, like you said, what prevents foul play.