Uncategorized

Call for more real estate incentives

Property developers and consultants want the new government to implement measures to foster a positive environment for foreign investment and to encourage overseas buyers.Artitaya Kasemlawan, head of residential sales projects at consultancy CBRE Thailand, said the country should have policies to stimulate foreign purchases in the property market, including promotion of these policies to raise awareness....

A place to call home: foreigners snap up condo units

Foreigners spent more than 17 billion baht on condominiums in Thailand during the first quarter of 2023, an increase of 67% year on year and the highest in five years, the Government Housing Bank’s Real Estate Information Centre (REIC) reported on Wednesday. A total of 3,775 condominium units worth 17.12 billion baht were transferred to foreigners from January to March, the centre said. This...

Sathorn Bangkok: Thailand neighbourhood guide 2023

Introducing Bangkok's Sathorn neighbourhood: A fusion of business and leisure Photo: Flickr (Igor Prahin) Explore Bangkok’s flourishing Sathorn area, which combines business and leisure. This region is quickly growing and features luxurious homes, fine dining, and modern hotels. Largely known as a Central Business District, Sathorn is a prominent location, home to recognisable...

Pool-villa condos along Pattaya beach attract Russian and Chinese buyers

Demand is rising from Russian and Chinese nationals for pool-villa condominiums along Pattaya beach, prompting the developer, Habitat Group Co Ltd, to increase the price of their second-home properties to 10-20 million baht. Habitat is expecting the price of their condominiums that are 2-3 years old to increase to 250,000-300,000 baht per square metre from the current 200,000 baht per square metre....

A short Guide to Taxation in Thailand

If the land or building is left empty or unused for a period of more than three consecutive years, it will be subject to an additional rate of 0.3% every three years, but the amount will not exceed 3%. Taxes in Thailand are governed by the Revenue Code, which follows the concept of a self-assessment system. The Revenue Department of the Ministry of Finance is responsible for administering taxes, which...

Thai Cabinet greenlights foreign ownership of land

The alien acquiring land must invest no less than 40 million baht in a business or enterprise and retain the investment for at least 3 years. BANGKOK (NNT) – The Cabinet has greenlighted a draft ministerial regulation that will enable foreigners to buy a maximum of 1 rai of land in Thailand. Minimum investment of 40 million baht required One of the conditions includes an investment value of at...

Thai property gains foreign popularity

Thailand’s real estate market has recently been characterised by an oversupply of flats. There were over 90 thousand unsold units of condominiums in the Bangkok Metropolitan Region (BMR) in Thailand as of 2020. Thailand has been a popular expatriate destination for investment and retirement for decades. But foreign land ownership has long been restricted. Author: Prem Singh Gill, Thammasat...

Seaside land prices in Hua Hin soar amid high demand for condos

The high demand for seaside condominium units in Hua Hin town has driven the land price of plots along the beach to as high as 150 million baht per rai (0.6 hectare), an international property consultant said. Phattarachai Taweewong, research and communications director of Colliers Thailand, said land prices on the Hua Hin seaside in Prachuap Khiri Khan province had reached 150 million baht per...

Compare listings

Compare