What Will Be The Future Of Real Estate As The AEC Era Begins On the 31st of December 2015, the ASEAN Economic Community (AEC) was established that saw its 10 member nations form a single economic group. Traditional and electronic ads about the AEC are visible all over the length and breadth of Southeast Asia. The integration of the Association…
Myanmar – Parliament approves foreign ownership law at last! The passing of Myanmar’s Condominium Law should lead to growth of overseas buyers in its local market place. Myanmar’s Union Parliament at long last passed the Condominium Law draft that will permit foreigners to legally own up to 40% of a condo building. Under this law, a “condominium” is defined…
Why Do Old Condominium Cost Less Than New Ones? Many international buyers of condos in Bangkok are taken aback by the prices of new projects that are, at times, 4 to 5 times higher than 10 or 20 year old buildings in the same location. In numerous nations, like Hong King for example, the cost of old well-built constructions keep pace with newer…
Sathon – Popular Again! The latest entry of luxury hotels, new office developments, retail outlets, restaurants and bars in the Sathorn area are quickly helping in restoring its popularity and reinstating it as a modern and hip neighbourhood, which is in direct contrast to Sathorn’s former image of being just a residential and business district. Residential Constructions & Expatriate…
Condominium Alternatives In The Current Market Everyone wants to know that when the market is slow and competitive, what other projects can people develop? There are other development programs to take note of during a market slowdown and the products that will match real demand will continue to be sold. There is clearly a want from people who…
Thailand Returns To Top 25 Of The FDI Index Thailand has made a return to the top 25 of the A.T. Kearney’s FDI (Foreign Direct Investment) confidence index following a two-year absence. Thailand ranks 21 in the FDI index of 2016, according to head and partner of Southeast Asia at A.T. Kearney (a global management consultancy), Chua Soon Ghee. The…
Thailand To Share Taxpayer Data Thailand’s Finance Ministry has plans to fix the Revenue Code in order to allow the Thailand Revenue Department personnel to expose taxpayers’ information in front of agencies from other states to facilitate the enforcement of e-tax. The disclosure that follows Section 10 amendment of the Revenue Code plans to help in tax collection, said…
Local Banks Challenged By Fintech Wake-up Call Fintech (financial technology) has in recent years risen to challenge Thailand’s banking industry, which must improve its technology wing in order to stay competitive, as recently told to a business forum’s participants. Competition from players in the non-banking sector is needed in order to get tougher with regards to peer-to-peer and payment in…
RUSSIAN TOURISTS BOUND TO RETURN TO THAILAND IN NUMBERS The number of Russians visiting Thailand this year is projected to rise because of the increased strength of the rouble, which is a by-product of the rising oil prices. The Tourism Authority of Thailand (TAT) has forecasted that the number of Russians visiting Thailand this year would reach 1 million….
Thailand Excise Department To Double Revenue By 2027 The Thailand Excise Department is analyzing a strategy to implement higher taxes on alcohol, fuel, tobacco, beer and telecommunication services, aiming to double its revenue to the sound of 1 trillion THB by the year 2027. Taking these changes into account, the revenue of the tax-collecting agency is projected to reach 829…
