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« Previous Entries**BUYING A CONDO UNIT? - PROCEED WITH DILIGENCE
Friday, September 18th, 2009The legal way for a foreigner to own real estate in Thailand is to buy a condominium unit(s) (“Condo Unit”). This was proposed in my last article on foreign land ownership. In Bangkok, Condo Unit purchases are now considered trendy among the younger generation of Thais as Condominiums are conveniently located in the inner city [...]
Rama IV – Bangkok’s future development
Thursday, July 16th, 2009Rama IV set to become central business district – projects poised as available land dries up in other locations
Bangkok’s central business district seems set to spread along Rama IV Road as land for development becomes scarce on Sukhumvit, Silom and Sathorn roads. A growing number of property projects will be launched around Rama IV Road.
Plans [...]
Market Trend Summary
Friday, July 3rd, 2009According to the new promotion plan from the Board of Investment (BoI) in which the developers will be qualified for a tax reduction by building at least 50 housing units (townhouses or detached houses) with a minimum size of 70 square metres (up from 31 sq m) and a maximum price of 1.2 million baht [...]
Preuksa to gain from BoI rule change
Friday, July 3rd, 2009Prefab technique nets bulk of tax cuts
Preuksa Real Estate, the country’s second-largest developer and housing market leader, is the only listed developer to fit requirements for BoI homes in Zone 1 or Greater Bangkok.
Developers now qualify for a tax reduction through the Board of Investment (BoI) by building at least 50 housing units (townhouses or [...]
Townhouses trump condos as hot trend
Friday, July 3rd, 2009Townhouses will lead Bangkok’s new residential supply this year as they best fit current purchasing power as an alternative to condominiums, says Samma Kitsin, director-general of the Real Estate Information Center (REIC).
“Due to the sluggish economy, developers have shifted to townhouses as they expect more real demand than from condominiums. One-third of condo purchases are [...]
Bangkok facing glut of apartments
Friday, July 3rd, 2009Supply builds as ongoing recession begins dragging tenancies down
Thailand’s residential-leasing market is suffering from oversupply following the downsizing or closure of local operations by multinational firms in the face of the economic downturn, says real-estate services firm Colliers International Thailand.
As a result, most property developers who are building apartments and serviced apartments have slowed their [...]
LOCATION, LOCATION, LOCATION
Thursday, June 18th, 2009Although the property market is very dull right now the malaise is not expected to continue much longer
PROPERTY SCENE: FUTURE TRENDS IN BUYING LUXURY PROPERTY
Thursday, June 18th, 2009More and more wealthy people in Bangkok are shifting from living in a house to a condominium.
No witch-hunt, says Lands Department
Thursday, June 18th, 2009Foreign ownership debate intensifies “We have some regulations and processes to investigate illegality ..”
Everyone wants a bargain
Friday, June 5th, 2009Source - Bangkok Post
May 29, 2009
By Nina Suebsukcharoen
In today’s buyers’ and tenants’ market, companies push for lower rents and condo buyers snap up dwindling supply.
The fallout from the global economic crisis and local political strife is being felt in both the office and residential real estate markets. Struggling companies are pushing for reduced [...]