Foreign Freehold, Leasehold, and BVI Structures Introduction Thailand is a vibrant hub for real estate investment, attracting foreigners looking for both residential and commercial opportunities. This comprehensive guide will explore the various ownership structures available to foreign investors, including foreign freehold, leasehold ownership, and the role of British Virgin Islands (BVI) companies in...
As the advance of transit systems gives rise to suburban bed towns in Southeast Asia, real state developers are quickly seizing the opportunity to supply homes to the emerging ranks of residents who commute to city centers. Near the Chatuchak subway stop about 10km north of central Bangkok, real-estate developer Sansiri is building a large condominium comprising about 800 units. The area has few...
One thing that I love about Phuket is the ability for luxury to live side by side with abject casualness. You could be sitting next to a multi-millionaire or a packaged tourist on the bar stool, as the ties that bind are the flip-flops adorning your respective feet. Islands tend to have little social stratification, which can probably be explained in a Robinson Crusoe round-about manner. Be it a local...
Property developers are urging the government and its new economic cabinet to use tax incentives to help restore housing demand in the remaining months of this year. They are concerned that already-soft demand will be weakened further by Monday night's bomb attack. Cutting property tax and transaction fees would help to stimulate the economy in general and the property market in particular, said Thongma...
SET-listed property developer Land and Houses Plc (LH) plans to spend 14 billion baht to build Terminal 21 shopping centres in Pattaya and Phuket. The investment value of the two shopping malls is estimated at 7 billion baht each, compared with the 3-billion-baht price tag of the first Terminal 21 in Bangkok, LH chairman Anant Asavabhokin said without giving a time frame for development. The new malls...
With the island’s real estate market staying strong, some owners could be thinking of selling their property. If so, here are some tips for making this move. Establishing a Price Consider what you paid for the property, how long you have lived there, what similar properties have sold for, any improvements added, present condition of the property, ask the agent about the current property climate and arm...
JW Marriott Phuket Resort & Spa has once again been recognized by the prestigious world-class travel magazine Condé Nast Traveler in their Reader’s Choice Awards. JW Marriott Phuket Resort & Spa is only resort on Phuket that has achieved this acclaimed award and recognition for second consecutive year. The Reader’s Choice Awards are held annually by Condé Nast Traveler by conducting a poll...
The Thai Government’s push to drive up property sales by making mortgages more accessible to millions of people through transfer and mortgage registration relief has made headlines for months. Customers seek home loan details from officials of the Government Housing Bank. The bank has offered cheap rate loan under the government’s property stimulus package. Photo: Bangkok Post / Phrakrit...
For several years now, commentators – particularly in the business community – have opined that Thailand is in need of a significant infrastructure upgrade such as its mass transportation, road and railways systems. Investment in state infrastructure projects may pay off better for some, depending on the understanding of what rights and forms of redress they may have. The government appears to agree....
Tourists and foreign residents’ personal security, safety, beach tourism sustainability, jet-skis, taxis and tuk-tuks were all highlighted as ongoing issues of concern by five European ambassadors in talks with Phuket Governor Chamroen Tipayapongtada. The high-powered ambassadorial delegation comprised Mark Kent of the UK; Brendan Rogers of Ireland; Philip Calvert of Canada; Karel Hartogh of the...
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