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Thailand tweaks property land tax

Thailand’s Revenue Department recently amended the Revenue Code to allow the Land Department to levy a land ownership transfer tax based on either an appraisal or a market price, whichever is higher. The move is aimed at charging property taxes that better reflect actual prices, as the appraisal price is typically lower than the market […] Read More

Thai-Chinese high speed rail project approved by Thai cabinet

BANGKOK, July 11 (Xinhua) — Thai cabinet on Tuesday approved the Bangkok-Nakhon Ratchasima high speed railway project under Thailand-China rail cooperation, which is set to start operation in 2021. The cabinet headed by Prime Minister Prayut Chan-o-cha approved the proposal of the Ministry of Transport, which is in charge of the railway agency, for the […] Read More

Chinese buying up Bangkok property

adapted from Bangkokpost.com, June2017 Thai property continues to entice Chinese buyers with relatively low prices and good returns. Top destinations in Thailand where Chinese preferred to buy property were Bangkok (29.3%), followed by Chiang Mai (21.8%), Phuket (17.3%), Pattaya and others with 15.8% each, according to Juwai.com, China’s largest website catering to buyers of overseas […] Read More

Most flooded areas in Bangkok through the years

Memories fade. Most people no longer remember the 2011 deadliest floods of Thailand and believe that they won’t be repeated ever again. Take a closer look and you’ll realise that through the years, the same low-lying areas in Bangkok get flooded yet over and over again. If you are a property investor, you certainly do […] Read More

Top property investment cities 2017

2017 Trends in Real Estate Investments, Asia Pacific Emerging cities are now the preferred destinations for property investors, according to PWC’s latest survey (2017). Traditional investor favorites – Japanese and Australian gateway cities — seen as a vote for “flight to safety approach,” are now relegated to lower priority as opposed to the “quest for […] Read More

Bangkok condo updates

In Q3 2016, developers resumed launching new condominium projects. The number of newly launched condominium units increased both Y-o-Y and Q-o-Q in all areas. The majority of newly launched Bangkok condominium units in this quarter were from top public-listed developers. Overall, demand for Bangkok condominium units was still relatively weak. Sales of newly launched condominium […] Read More

Winner and losers – TPP got trumped

During the election campaign, Trump blasted international trade deals, tapping into a deep well of popular anger over the effects of globalization. Now, President-elect Trump’s first victim could be the TPP that he slammed as a “disaster done and pushed by special interests who want to rape our country.” China will probably emerge the biggest winner from the demise of […] Read More

Retire in Thailand

If you are reading this, chances are you are already sold on the idea of retiring in the “Land of Smiles”. Why here? Lower of cost of living – food, entertainment, transport, medical, etc. Better quality of life. Beautiful beaches. Great food. And for many who came and have never left, a key reason is […] Read More

Amidst a slowing economy, Thailand retains spot as world’s top medical tourism destination

Thailand attracted an estimated 1.8 – 2.5 million international patients in 2015*. Many of these patients stayed on afterward for a holiday, either in Bangkok or at one of the country’s beach resorts. More than one in three foreigners treated at Bumrungrad are from the Gulf states. While stubbornly low oil prices have led to […] Read More

Transit extensions, AEC likely to boost Thailand (esp Bangkok) property rental market

Transit extensions, AEC likely to boost Thailand property rental market “Bangkok property-rental market will be able to grow this year mainly thanks to the extension of mass-transit lines and the inflows of foreign investment” : Kiatnakin Bank Dr Piyasak Manason, the bank’s senior vice president and head of its industrial and economic research department, said […] Read More