Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in ThailandScandinavian 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). Continue reading
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. Continue reading
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 of Hua Hin and Phuket. Continue reading
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. Continue reading
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 has already “sent a clear and positive message” to the property market, said David Simister, Chairman of CB Richard Ellis Thailand. Continue reading
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. Continue reading
Finance and Deputy Prime Minister Surapong Suebwonglee has voiced confidence that the property business will grow markedly in the second half of this year once measures issued to stimulate the sector start to take effect. Continue reading
Colliers International Thailand anticipates tougher competition in the serviced apartment market and has urged owners and to refocus their marketing strategy, said managing director Patima Jeerapaet. Continue reading