The EEC, mass transit projects and a brighter economy bring good tidings for the real estate market. Thailand’s property market prospects are expected to be bright next year based on the country’s economic expansion, government spending on big-ticket infrastructure projects and the rise of the Eastern Economic Corridor (EEC). Surachet
It’s clear that first time buyers have very much re-established themselves as a core part of the property market since the recovery started post the credit crunch. The Halifax data clearly shows that FTBs (rightly) decided to rent/stay at home rather than buy during the recession, saving them from potential
A raft of unprecedented benefits in store for lessees Thailand is bracing for the passage of the leasehold draft bill that is expected to entice more foreign lessees to the property market, according to the Bangkok Post. The Council of State is due to vet the leasehold bill after public hearings
Hillside and cliffside developments in the Thai island require careful planning Developers who want to build on vantage points, promontories, and other plots of significant terrain in Phuket will need to contend with the government’s new environmental regulations for the touristy Thai island, a leading hospitality consultant said. Under rules issued
The Condominium Act of 1979 is restrictive of foreign ownership of condominiums in Thailand, but generally allows it for foreigners who permanent residents, or those who have entered the country on an investment promotion visa, or for those who have fulfilled certain requirements related to the transfer or withdrawal of
Developers from across the island hope to achieve both local and national recognition as the finest in their categories Key members of the Phuket press gathered last night at the Angsara Laguna Phuket for an exclusive media briefing in advance of the 13th annual PropertyGuru Thailand Property Awards 2018. Addressing
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
Setting Up Company Partnerships under Thai Law Siam Legal International | October 10, 2016 | Business in Thailand, Civil and Commercial Law, Company Law, Company Registration The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships
The Phuket condominium market is expected to rise in line with a recovering economy and the growing population of the island. Increasing supply and higher selling prices will be the key drivers, while demand is forecast to improve slightly. Local developers and joint ventures will be key players in the
BANGKOK: The Central Group of Companies, Thailand’s biggest retail conglomerate, plans to spend B1 billion to build its first outdoor lifestyle mall in the Bang Tao area of Phuket next year. Lertvit Pumipitak, the group’s senior executive vice-president of corporate business development, said the company will start to develop Porto
Shareholder meetings play an important role in the governance of Thai limited companies since the Civil and Commercial Code require that limited companies be managed by the directors under the control of meetings of the shareholders (called “general meetings” in the Code). The primary instrument used by the general meetings
Real estate’s reputation as a valuable investment asset strengthens further in the Thai capital Bangkok’s property market is going from strength-to-strength, according to DDproperty’s latest Property Index. The Thai capital has displayed price growth with an eight-point increase from 205 to 213 in the first quarter of 2018. This growth
PHUKET: Local residents will be able to get on board Phuket’s light-rail by 2023, a top official behind the project has assured. Niran Kaetkeaw, the Director of the Regional Bureau of Transportation and Traffic Promotion, Office of Transport and Traffic Policy and planning (OTP), said on Friday (Oct 26) that
Shareholder meetings are an important element in the management of Thai limited companies, since the authorized directors of the company must manage the company under the control of the meetings of the shareholders. In order to hold a meeting of the shareholders, a meeting has to be called according to
All eyes on the Andaman as the nation’s second-highest office issues directive on the ‘Riviera’ The coast of mainland Thailand facing the Andaman Sea has got the shorter end of the tourism stick, compared with its eastern counterpart. Addressing this imbalance, the Tourism and Sports Ministry will be proposing the Riviera
The requirements and legal procedures involved in buying land in Thailand as a company (particularly with foreign shareholders) is quite complex. Siam Legal has therefore compiled this reference guide to help its corporate clients prepare the necessary documents and evidence required in order to avoid needless mistakes and costly delays
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
A land trust is a pass-through entity that becomes the owner of a specific property. For this exercise we will only discuss the ownership of real property, specifically real estate. These documents are much hated by Realtors, lawyers, lenders and municipal governments to mention a few, but loved by real
Located in the heart of Southeast Asia, Thailand has served as a trade and business hub for centuries. It was a buffer zone between colonial powers because of its strategic location. As a result, it was the region’s only nation that wasn’t colonized. Thailand (and its property market) is still able
Chinese demand for real estate in Thailand is at an apogee, but the Beijing government’s drive to control capital flight could hinder such demand, according to a new report by Financial Times Confidential Research (FTCR). Surveying 108 investors, FTCR found that Chinese buyers, mostly only “moderately wealthy” and put off by skyrocketing
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
GUANGZHAO: China and Thailand are reported to have inked a memorandum of understanding on the construction of a canal that would cut through peninsular Thailand, linking the South China Sea with the Andaman Sea. Once completed, the ‘Kra Canal’ would offer an alternative sea link between Asia with the Middle
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
Thailand and Japan agreed on Saturday to develop the Dawei special economic zone in Myanmar and two train lines in Thailand including a high-speed train linking Bangkok and Chiang Mai. The agreement was reached in talks between Japanese Prime Minister Shinzo Abe and Prime Minister Prayut Chan-o-cha on the sidelines