Strategic Movement

**BUYING A CONDO UNIT? - PROCEED WITH DILIGENCE

Friday, September 18th, 2009

The 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 [...]

Preuksa to gain from BoI rule change

Friday, July 3rd, 2009

Prefab 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 [...]

B5bn vote of confidence from Israel

Friday, June 5th, 2009

Source - Bangkok Post Website
May 28, 2009
Pace mixed-use project worth B18bn
The Israeli investor Fishman Group has cast a vote of confidence in Thailand, planning to invest 5 billion baht in a property joint venture with Pace Development.
The partners will develop the MahaNakhon mixed-use project worth a total of 18 billion baht near the [...]

AP raises 2009 target by 10%

Friday, June 5th, 2009

Source - Bangkok Post Website
May 25, 2009
CEO: Sentiment begins to improve
Listed developer Asian Property Development Plc (AP) has raised its 2009 revenue target by 10% and will launch 12 projects worth a total of 21.27 billion baht by the first quarter of 2010.
Market sentiment improved in May, despite the riots in mid-April, [...]