Dwindling land banks and rising prices, coupled with improved transport networks, are changing the face of the Bangkok condo market as new projects move further away from the city’s centre; while, oversupply in some areas has the potential to continue to weigh on sales. With the expansion of rail and bus transport network improving connectivity in Bangkok, upper- and mid-range…
In several countries, once a buyer decides to purchase a property, a deposit is paid, and the parties involved sit back and handover the legal matters to their lawyers. This allows them to concentrate on rather stressful practical issues like furniture removal, checking heater/boilers/air conditioners and often working their way through a set-pattern of interdependent transactions, which in some cases…
Thai Real Estate Market Remains Afloat In Q3 2017 The Thai real estate market remains afloat as its economy continues its gradual recovery. According to a new property index, the increase in supply of real estate in the Thai market over this time has provided greater opportunities for new home-buyers. A famous online property portal, recently released a property index…
Thailand Board of Investment (BOI) and HOTELS Hotel activities (excluding hotel management services), the sale of beverages and food, tourism, etc. are all referred in the Foreign Business Act’s Annex 3 as ‘businesses that Thai nationals are not yet equipped to deal with Foreign competition.’ As a direct result of this, foreigners hoping to pursue a hotel business in…
In Popular Demand: Professional Property Management According to JLL, with Thailand’s real estate market evolving, professional property management services’ demand is on the up-and-up. In addition to the increase in property development numbers, the rise in awareness of property investors and owners with respect to the need to procure professional property management services for their realty acquisitions is the main…
The Rise In Demand For Public Space In Asian Cities There are some ambitious projects being development in the city of Bangkok, none of which are commercial, residential nor retail in nature. These are, on the contrary, open green-public spaces. According to JLL, a similar situation has been witnesses throughout Asia as city dwellers and governments take more interest…
Visa Incentives To Last Longer? Thailand’s Tourism and Sports Ministry plans to forward a proposition to the cabinet this coming Tuesday to extend visa incentives by another three months at the least, in an attempt to persuade more foreign travellers and fuel the tourism industry even during the low season. This plan expects to offset the big drop of…
Hotel Big Wigs Say 100 Million Tourists ‘achievable’ The private and government tourism operators must work together to help develop better tourism facilities and infrastructure to accommodate the ever-increasing number of foreign travellers to Thailand, says Dusit Thani Plc Executive Committee’s Chairman – Mr. Chanin Donavanik. Thailand has immense tourism potential leading to a projected tourist arrival increase of…
State Land Auction: Minimum 1.5 Billion Targeted! Thailand’s Treasury Department plans to gather around 1.5 Billion THB at the least from the 15 state land plots being auctioned, according to its chief. Chakkrit Parapantakul, Thailand’s Treasury Department’s Director General stated in a recent interview that the afore mentioned 15 plots of land that are located in 13 provinces will…
Phuket To Have The Highest-priced Villas Built The property company Kamala Beach Resort & Hotel Management Co, with its base in Phuket and which is a joint venture with capital from Hong Kong, Singapore and Thailand, has decided to invest in the highest priced villa complex in Thailand. The villas project in Phuket, valued at about 700 Million THB, will…
