Real Estate

Journalists "Prachachat Business" reported that the government announced the postponement of tax on land and buildings. Previously, holders of land and buildings were required to file tax returns within April. Now within August 2020, but the Land and Buildings Tax Act Which is used instead of The House and Land Tax Act 1932 and the Local Maintenance Act 1965 was also watched and criticized for various...

After numerous attempts over the years to reshape the way property tax is imposed in Thailand, new property tax legislation has finally entered into law in Thailand. The new law replaces the current House and Land Tax Act and the Local Development Tax Act and aims to encourage the productive use of land and improve tax collections. Taxes will commence to be collected under the new law from 1 January...

The vast majority of buyers in Phuket today have a positive outlook on the property market, and it is easy to see why. It is always good to understand what influences any market, and here we examine the key drivers ahead for the Phuket real estate sector. A Stable Real Estate Sector A credit crisis typically inflicts the greatest immediate pain on the property sector. Because lending to...

Real Estate Pricing It is almost a misnomer to refer to “The Phuket Real Estate Market” because it is not a homogeneous entity. It is divided (and even subdivided) into categories which collectively include a diverse array of buyers. This section aims to address some of the fundamentals which impact the cost of property in Phuket, with an emphasis on the prices being paid by...

A greater number of foreigners buy property in Thailand than anywhere else in Asia. There are several reasons why Thailand is now a top choice among real estate investors worldwide. Located in the heart of Southeast Asia, Thailand has served a business hub for centuries. It was a buffer zone between 19th century colonial powers because of its highly strategic location. As a result, Thailand was the...

From quiet markets in Malaysia, empty rooms in Hanoi’s hotels and barren beaches in Bali, China’s economic slowdown and weakening yuan are sending shockwaves felt across south east Asia’s vacation belt. Thailand is just one of many countries currently affected by the Chinese staying at home as their currency abroad weakens. The Chinese outbound travel boom stoking tourism across south east Asia is...

It’s bright and shiny, it’s new, it promises discounts on luxury goods, it’s next to the airport, it was set to open this Saturday, but is it legal? The Department of Provincial Administration Department has been asked to investigate the legality of the  new Central Village ‘Bangkok Outlet Experience’ next to Bangkok’s Suvarnabhumi airport. The development is located on the side of Highway...

This year, we are seeing more expats moving here individually rather than the whole family as companies look to lower their operating costs As the number of Japanese expats in Thailand decreased to lower than 20% of the total expats for the first time in 2019 and dropped to 34,133 as of April 2019, a 4% decline Y-o-Y, CBRE is seeing a change in demand and its impact on the rental apartment sector in...

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...

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...