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The acquisition of land or a condominium unit in Thailand by a foreign government for official use, such as for use as an embassy or consulate, is not covered by any specific legislation. Therefore, assuming that a foreign government intended to acquire land or other immovable property in Thailand for official use, such an acquisition must be done by reciprocal agreement between nations, although not...

IN THE PAST DECADE, Thai properties marketed overseas were either projects in prime downtown Bangkok or properties in top resort destinations such as Phuket. Nowadays, visitors and investors are becoming more familiar with other non-prime locations in Bangkok through information from social media and digital communications. New condominium property prices in downtown Bangkok have increased to an average...

PHUKET: Central Pattana Plc (CPN), Thailand’s largest retail property developer, today (Sept 10) celebrated the grand opening of Central Phuket, its B20-billion luxury flagship mall. CPN Deputy CEO Wallaya Chirathivat said, “Visiting Central Phuket will fulfil all types of lifestyles: eat, shop and have fun throughout the day. “This project highlights our excellence on a global scale in three...

Thailand goes outbound. Thai investments abroad, also known as “Outward Foreign Direct Investments (OFDI),” have come in the focus while the domestic industry lags behind the stated targets. However, Thai-foreign business project registration clearance papers and requirements should be carefully observed. Not only Thailand’s well-known public companies act as a global player when investing in...

Cold Calling is, by some distance, the most controversial topic in the sales community right now. There’s been a lot of articles written about it and everyone has strong opinions. Most people are talking from personal experience and some with the benefit of having run a team. I work for a company that makes more than 40,000 cold calls per week, to all parts of the globe. Does that give me more insight...

THAILAND has been ranked 34th in the Global Real Estate Transparency Index (GRETI) 2018 put out by property consultancy firm JLL. The result in the newly released biannual represents a marked improvement from the 2016 edition of the index, when the country was ranked 38th. Compared with the other six countries from Southeast Asia covered by the index, Thailand is ranked the third most transparent real...

PHUKET: Blue Tree Phuket has announced the appointment of Michael Ayling, a veteran of Phuket’s hospitality scene, as its General Manager. Having worked in a consulting capacity for the past 24 months, Mr Ayling now takes the reins to lead the development, beginning with its opening to the public in early 2019. The B1.33 billion project is located on 140 rai in Cherng Talay, and will have a giant...

PricewaterhouseCoopers, one of the world’s largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030. The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by purchasing power parity. PPP is used by macroeconomists to determine...

It’s no surprise that millennials now make up the largest share of traveler demographics and are the biggest factor in why independent hoteliers will work to perform better than in previous years. Having a full grasp where and who your business comes from is the first step in building proper revenue management. Millennials, in general, have remained neutral with their opinions on branded hotels, and...

With the Thailand 4.0 blueprint becoming a key driver of evolution towards a value economy, Thailand is set to become a centre of innovation and technology in South East Asia. Alibaba has recently announced their strategic partnership with the Thai government in support of Thailand 4.0, which will bolster developments in e-commerce and digital talent. A “Smart Digital Hub” aimed at boosting regional...