Posts Tagged ‘tax incentives’

The property market is expected to experience a drop of 5-10 per cent in value next year as Thailand becomes caught up in the global financial crisis, say experts. Full story

Property developers have called on the new government to increase the tax allowance for home-buyers from Bt100,000 to Bt200,000, as a means of directly increasing purchasing power next year at a time when consumers will be hit by the global economic downturn. Full story

Supalai continues to be optimistic about the property market next year and plans to launch 12 residential projects in 2009 with a market value of nearly Bt16 billion, its president, Prateep Tangmatitham, said this week. Full story

Unstable politics and tighter credit have hit the local market hard in the latter half and no end to the gloom is in sight. But this acid test will leave the industry in better shape than ever, with only truly tested warriors the last men standing Full story

Suchart says industrya key economic driver The Finance Ministry may extend tax and fee-reduction incentives for real estate purchases beyond next March, said Finance Minister Suchart Thada-Thamrongvech. Real estate associations submitted a request for an extension yesterday, along with other proposals, including one that the Bank of Thailand cut interest rates in ... Full story

Colliers Predicts Tax Breaks Will Matter Despite the global financial meltdown and local political turmoil, the industrial property sector should continue to prosper in the next few years as the government considers extending property tax incentives and tax and duty privileges for investment, according to the property consultancy Colliers International (Thailand). Managing director Patima Jeerapaet said ... Full story

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. Full story