> In SE Asia (the Phillipines for example), all properties must have 50%+ occupancy by permanent residents.

I think that's an overly wide generalization. For instance, in Thailand, I don't think you're allowed to own land or houses, just a condo. In Laos, you can't own land at all.

The situation is much the same in much of Latin America.

Not exactly rich countries.

Let's face it, capital coming into the country to buy property is a Good Thing from an economic perspective. You "just" have to make sure this capital rewards low-income people as much as property owners. This tax is one way to do that, which I think is very good.

Switzerland also has strict restrictions on foreigners and non residents buying properties.