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...
Be a friend of Thailand be an Elite member Since 2003 under “Thailand Privilege Card Company Limited” as its sole shareholder with the registered capital of THB 1 billion, Thailand Elite has become the world’s first country membership package with exclusive benefits for immigration, leisure, business, and much more. Thailand Elite’s main goal of representing a special package exclusively for...
More and more people are choosing to buy properties in Phuket, Thailand. Phuket is one of Asia’s most sophisticated and most established property markets. Over the past twenty years, property developments have been sprouting around the island that heightened the influx of investors. Currently, the demand for properties is high, especially in newly developed areas of Surin, Bang Tao Beach, Layan, Cherng...
The limited number of new luxury villas in Phuket has doubled the price of resale units, as demand is relatively strong in this niche market. Aliwassa Pathnadabutr, managing director of property consultant CB Richard Ellis (Thailand), said top-end villas on the island were part of an exclusive market characterised by a limited number of high-value transactions. Major players used to be small foreign...
Amending the law to allow median prices based on current appraisal prices to be used for the local development tax could be an alternative to generate massive tax income instead of pushing the controversial land and buildings tax, says a source familiar with the subject. The strategy could help revenue from the local development tax surge by 100 times to 100 billion baht, said the source. The local...
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...
Compare listings
Compare