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14 May Real estate scores over bank deposits

Developer’s research indicates higher returns even after factoring in inflation At a time when fixed deposits earn interest at only 2.5 per cent, property companies and agencies suggest buying residential property located close to the mass-transit system - an investment that can generate a return of 7 per... 

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13 May Thailand’s Land & Houses Q1 net profit up 28 pct

Land & Houses LH.BK(LH), Thailand’s biggest housing firm, reported a 28 percent rise in quarterly earnings on Tuesday helped by subsidiary earnings and lower expenses. LH said in a statement it earned a net profit of 676.8 million baht ($20.99 million) in the three months ended March... 

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09 May Cash-rich buyers keep luxury real estate market healthy

The luxury property market is still strong due to healthy demand and high purchasing power, reflected in the fact that fewer than 20% of purchasers seek loans, according to Chatchai Payuhanaveechai, a senior vice-president at Kasikornbank. Most buyers of luxury units pay cash as they are seeking... 

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01 May Property sector likely more active in latter half of 2008

The Thai government’s economic stimulus package is expected to help boost property trading activities in the second half of this year, according to a leading real estate services agency. Supin Meechucheap, president of Jones Lang LaSalle (Thailand) Co, said that although the government issued... 

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22 Apr Massive Nordic boom set to hit resort towns

Colliers International Thumbnail

Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand). The company’s managing... 

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09 Apr Property sector looks set to prosper in 2008

Property sector looks set to prosper in 2008

Market buoyed by profit potential, removal of 30% requirement. Foreign investors are expected to invest up to Bt70 billion in the Thai property sector this year, following the lifting of the Bank of Thailand’s 30-per-cent capital reserve requirement. Retail, office, serviced apartment, hotel and resort... 

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07 Apr Amendments to protect home-buyers

Home Buyer Amendments

Even as Thailand’s popularity as a tourist destination has seen steady growth over recent years, the number of foreigners looking to invest in real estate has also gone up. This is evident from the many new condominium projects being developed not only in and around Bangkok, but also in popular beach-front areas... 

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01 Apr Second-hand home-buyers to benefit from waiver

Anyone planning to buy a resale home should wait for a tax waiver that is expected to come into effect soon. The tax privilege for second-hand houses is an extended version of the major tax stimulus package announced on March 4 for the property sector, which focused on purchases of new houses. The waiver... 

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31 Mar ‘Welcoming’ Initiatives For Foreign Investors

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Leading Thailand’s real estate service provider CB Richard Ellis is urging the country’s newly-elected democratic government to introduce “a more welcoming policy” for foreign property investors. Thailand’s return to democracy following 15 months of military rule... 

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29 Mar Airlift Upgrades In Thai Resort Markets

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Thailand’s tourism industry continues to perform well in the past year with passenger traffic through the six major airports from January to September 2007 rising 7.95% compared to the same period last year, says CB Richard Ellis. TAT also expects inbound tourists to grow at 6.3% per annum during 2007 to... 

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