Property in philosophy or theology is an attribute of something that does not consist of its essence, but follows from its essence.
Private property is a foundation of Anglo-American law, and central to capitalism and free enterprise. Its roots are in slavery in the ancient world and in land under English feudalism, and its principles have been extended to stock and intellectual property.
In Thailand, foreigners not allowed to own land.  This law is from long ago, and made because the King then wanted to keep culture how it was. Today, foreigners can own property by getting around law, like creating companies or owning land through a straw-man.
- Foreign nationals in Thailand are allowed to own apartments (units) in an officially registered condominium complex and/or buildings as distinct from its land. Foreigners are not allowed to freehold land but are entitled to a registered leasehold of up to 30 years for all types of titled land. With appropriate extension and purchase options a 30 year lease can become as valuable as freehold purchase. Property in Thailand