Real Estate

Changes to property mortgage fees demystified

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

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LH to develop Terminal 21 malls in Pattaya, Phuket

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

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Prices soar for Phuket’s luxury villas

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

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Amendment could boost haul from property tax

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

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