Connect with us

Phuket

Dramatic increases in land value

Legacy Phuket Gazette

Published

on

Dramatic increases in land value | The Thaiger

PHUKET: Phuket property owners can expect higher land taxes in the new year as the Phuket Treasury Office (PTO) has announced an island-wide average increase of 65% in government-appraised land values. The new rates, which reflect the island’s continuing property boom, will be effective from January 1, 2004 to December 31, 2007. The Bangkok-based Valuation Authority, which is responsible for appraising land values nationwide every four years, reported increases in some areas over 100%. Kathu district showed an average increase of 127%, while Thalang and Muang districts had increases of about 35%. Tamrong Tongtan, new chief of the PTO, told the Gazette that the new figures reflected trends in Phuket’s continuing property boom. The most expensive land on the island continues to be along Rassada Rd in Phuket Town. Assessed values there were are as high as 80,000 baht per square wah, the same as in the previous valuation. The greatest recorded increase in Phuket Town was along Pra Phuket Kaew Rd, which runs between Kathu and Samkong. Prices for land there increased a dramatic 299%, with plots in some areas now going for as much as 12,500 baht/sq wah. In Kathu District, land valuations along the beach road in Patong increased as much as 300% in some areas. The most expensive plots were valued at 50,000 baht/sq wah compared to 31,000 baht/sq wah previously. The lowest assessed prices in this zone are now at 20,000 baht/sq wah, a four-fold average increase over the previous assessment. Assessed values in Thalang District remain, on average, the lowest on the island. Some areas along the Baan Don-Cherng Talay Rd doubled in value. Similar increases were recorded along the road from Bang Roang-Ao Por, where land doubled in price from 1,000 baht a square wah to 2,000 baht, on average. “The new appraisal values are now in line with actual costs,” K. Tamrong said. He added that the increases would benefit landowners who wanted to use their property as collateral in obtaining loans or, if need be, to post bail with the court.



Read more headlines, reports & breaking news in Phuket. Or catch up on your Thailand news.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Some restrictions lifted for superyachts in the region

The Thaiger

Published

on

Some restrictions lifted for superyachts in the region | The Thaiger

PHOTO: katarocks.com

Thailand is poised to ease rules on bareboat charters as well as introducing new measures to attract more luxury and super yachts into the region.

The new measures were laid out in a presentation called “Highlighting Strategies for Attracting Yachts and Improving Safety at Sea” held at the 2019 Thailand Yacht Show and Rendezvous in Phuket.

Gordon Fernandes, Asia Pacific Superyachts co-founder, outlined new measures to attract Superyachts in the meeting attended by officials from Thailand’s Customs Department.

Representing Thailand’s Customs Department, Kanchana Suwanicho, updated delegates on the rules applying for a temporary stay for yachts as well as outlining revisions for bareboat charter rules.

ttrweekly.com reports that, under the revisions, bareboat charters will not need to hire a Thai registered captain and engineer to be present on board vessels for the sailing duration.

“Out-dated rules are being reviewed, but due to recent boating tragedies involving foreign tourists authorities are concerned about potential safety lapses.”

Stating that Thailand wants to continue being the ‘Yachting Hub for Asia’ Kanchana said bareboat charters would not be required to hire a Thai captain and engineer, but the charterer would be required to show they had qualified personnel to assume full responsibility.

The Revenue department confirmed it was actively working to resolve a stumbling block linked to Superyacht charter licences.

“Once this stumbling block has been removed foreign flagged yachts, over 30 metres long, will be allowed to legally charter in Thailand. This will be a major boom for the industry both in Phuket and across the region.”

The easing of restrictions for superyachts coming to the region has been a major issue of the founder of the Thailand Yacht Show and Singapore Yacht Show, Andy Treadwell.

Some restrictions lifted for superyachts in the region | News by The Thaiger

Attendees of the “Highlighting Strategies for Attracting Yachts and Improving Safety at Sea”

PHOTO: ttrweekly.com

Some restrictions lifted for superyachts in the region | News by The Thaiger

Gordon Fernandes, Asia Pacific Superyachts co-founder – PHOTO: Guy Nowell

Continue Reading

Phuket

Suspect hands himself in to police, denies charges in Saphan Hin shooting

The Thaiger

Published

on

Suspect hands himself in to police, denies charges in Saphan Hin shooting | The Thaiger

A suspect has handed himself in to police after an arrest warrant was issued over a Saphan Hin shooting last week. The suspect is denying the charges.

A Thai man was shot dead near Saphan Hin in eastern Phuket last week. An arrest warrant was issued for the suspect shortly after as police went hunting for the suspect identified by witnesses.

Read more about the shooting HERE.

Wichit Police Chief Col Nikorn Somsuk says, “The suspect is 23 year old Jakkrit Sangsaard. Yesterday he presented himself to police for the shooting and carrying gun in public changes. He has denied the charges and been bailed.”

“At this stage we believe that the suspect and the dead man, Teerasak, had a previous conflict.. Teerasak stopped his motorbike and tried to fire a shot at the suspect but the gun misfired. The suspect then shot back. We are continuing our investigation.”

Continue Reading

Phuket

Legal action taken against people who removed beer cans from beer truck accident scene

The Thaiger

Published

on

Legal action taken against people who removed beer cans from beer truck accident scene | The Thaiger

PHOTOS / VIDEO:  Thanakrit Asulyakul / Mana Sombat / Kanlaya Singkangrang / Kritsada Mueanhawong

Legal action has already been taken against four people who ‘removed’ beer cans after a truck carrying boxes of beer cans overturned in Phuket on January 11.

A logistic company representative has filed a report with police after more than 80,000 beer cans, valued at more than two million baht, mysteriously “vanished” after the truck overturned in Rassada.

Read more about the incident outside a Rassada 7/11 HERE.

The Phuket City Police Chief Col Sompong Thiparpakun says, “Four people have now been arrested. They have admitted that they saw other people taking beer cans, so they did too. They say they have consumed the contents of all beer cans. ”

“If evidence can be provided that other people took these beer cans and sold them, legal action will be taken against them too.”

“It was illegal to remove these items from the crash scene.”

Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger

Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger

 

Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required



Trending