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Thailand Property News (98)

FOR SALE: Pattaya WATER FRONT 1 BEDROOM, TYPE E

FOR SALE: PATTAYA WATER FRONT 1 BEDROOM, TYPE E

As reported by CBRE Thailand, for many years Phuket’s property market has been dominated by smaller, foreign property development companies. Generally, such developers are less well-funded and rely heavily on buyers’ deposits for construction to go ahead. As a result, when the financial downturn occurred many of these smaller developers struggled to continue, and were forced to postpone various construction projects.

The Phuket resort residential sales market has moved in phases since the 1990s but has experienced a slow down since the 2008 global crisis, given the market’s dependence on foreign demand. CBRE believe the market is now ripe for another positive phase of development which is characterised by changes in the key players, the product, as well as the buyers’ profile.



THE AXIS CONDOMINIUM, BEST LOCATION IN PATTAYA (BLD B)

THE AXIS CONDOMINIUM, BEST LOCATION IN PATTAYA (BLD B)

Thailand government's policy to splurge more than Bt1.1 trillion from 2013-19 on infrastructure is redrawing the landscape for Thailand Property market.

"This is a time to change the Thailand property market to urbanisation rather than focus on Bangkok only," Naporn Sunthornchitcharoen, senior executive vice president of Land & Houses Plc, said on 25 Dec, 2012.

Urbanisation means the market will expand from Bangkok's central business districts (CBDs) to the outskirts of the capital and beyond the border as well as to major provincial cities.
Building techniques will be developed to speed up the construction process so that supply can meet the surging demand for residences both in Bangkok and upcountry.

thailand-property-pic

If you are considering living on the eastern seaboard, the benefits of buying property in Thailand instead of renting are many.

Whenever relocating, especially to a foreign country such as ‘The Land of Smiles’ one of the first decisions you will need to make is whether buying a house or renting a condominium or an apartment is the right direction for you.

Thursday, 27 December 2012 12:14

Should I buy a new house or second hand house

second_hand_condo
As the costs of land in Thailand increase and the size of new home lots shrink, potential buyers must ask themselves should I buy a new house or second hand house?

Purchasing an older home has some advantages that a newer one does not. For example, many older homes have been built on larger lot sizes and offer bigger lawns with gardens. This also means that they have plenty of room for pets, children’s play areas and swimming pools. In addition they will already have large mature trees to provide much needed shade.

land-for-sale

…..unless the land is on government-approved industrial estates. Under the 1999 amendment to the Land Code Act, foreigners who invest a minimum of 40 million Baht (approximately US$1.2 million) are permitted to buy up to 1,600 square meters of land for residential use with the permission of the Ministry of Interior. If the required land is not used as a residence within two years from the date of acquisition and registration, the Ministry has the power to dispose of the land. Petroleum concessionaires may own land necessary for their activities.

Mr. Naporn Sunthornchitcharoen, a senior executive vice president of  LH Bank.

Residential development will continue to be the core business for Thailand LH Bank (Land & Houses Bank)  while it invests in both related businesses and others with future potential.

"Our strategy is to manage our investment budget by balancing homes for sale and businesses that will generate a return in the long run," Said by Mr. Naporn Sunthornchitcharoen, a senior executive vice president of  LH Bank.

Tuesday, 18 December 2012 22:13

Buying Property In Thailand

1.1   Owning Property in Thailand

This article mainly covers ownership of property by a foreign individual by himself or by a company he sets up. It does not cover ownership of properties by large companies.

The property ownership laws of Thailand are somewhat nationalistic, whereby foreign individuals can legitimately secure property only in certain ways. The main issue is real estate, but similar laws cover other items. If you are not legally established in Thailand and following procedures, then you will take risks.

Foreigners can buy some things outright. Other things must be leased or bought properly. The most common methods of properly securing property are:

Tuesday, 18 December 2012 08:14

Investment In Thailand (51)

tree_tops
Despite several major investment disputes in 2009, Thailand continues to maintain an open, market-oriented economy and encourages foreign direct investment as a means of promoting economic development, employment, and technology transfer. Thailand continues to welcome investment from all countries and seeks to avoid dependence on any one country as a source of investment.

In order to apply for a work permit, a foreigner must enter Thailand on a non-immigrant visa (issued at Thai embassies and consulates) for a stay of three months or, for foreigners with well-defined work or business plans, for a stay of one year.

1-southpoint
An exciting opportunity or a legal minefield? In fact it is both. Many foreigners take a chance.

The Thai property market is a closed one. Prices are low and many have bought despite the risks. Property in Thailand may yet be a canny move.

Compared to western values, property prices in Thailand are very low. This is due to the level of economic development, a catastrophic depression that hit Thailand in 1997 but, most importantly the country's land laws which radically limit foreign ownership of Thai property. Nevertheless, there are some exciting property investment opportunities in areas such as Bangkok, Pattaya and Phuket, where land and property prices are increasing nicely despite the global downturn. Condominiums in Bangkok and holiday properties in key centres frequented by foreigners have good rental potential. If you are a foreigner and thinking of retirement in Thailand, then the prospect of a beautiful property at a fraction of the price in an exotic climate can be simply irresistible.

Sunday, 16 December 2012 05:31

Buying Property n Thailand

FOR SALE: SIAM ORIENTAL CONDOS, STUDIOS-2BEDROOM.

FOR SALE: SIAM ORIENTAL CONDOS, STUDIOS-2BEDROOM.

Buying property in Thailand is tricky, risky but may prove very rewarding. 
An exciting opportunity or a legal minefield? In fact it is both. Many foreigners take a chance. The Thai property market is a closed one. Prices are low and many have bought despite the risks.

Property in Thailand may yet be a canny move. Compared to western values, property prices in Thailand are very low. This is due to the level of economic development, a catastrophic depression that hit Thailand in 1997 but, most importantly the country's land laws which radically limit foreign ownership of Thai property.

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