Thai property
- Business News
Thailand proposes 75% foreign ownership in condos, extending leases to 99 years
The government’s proposal to increase foreign ownership quotas for condominiums to 75% and extend land leasehold terms to 99 years has raised concerns, though officials are downplaying potential negative impacts. Government spokesman Chai Wacharonke addressed these concerns in a Facebook post, asserting that regulations could be introduced to mitigate any adverse effects on Thai citizens. The proposal aims to raise…
- Ask an Agent
What are transfer fees in Thailand property purchase and who pays them?
Like any property market, purchasing property in Thailand will incur additional expenses and fees. Before buying a property, you might come across transfer fees, business tax, and stamp duty during your research, but what are they? And who’s responsible for paying them? Here’s what you need to know. Transfer Fee The Thailand Land Department charges 2% over the appraised value…
- Thailand News
Foreign ownership of Thai land, but with lots of conditions
One rai of land in Thailand is all yours to own, if you’re a foreigner, have plenty of money, or are going to stay in Thailand for a long time. The plan to sell freehold land to foreigners is gaining traction and is likely to become law by the end of this year. It’s part of the Thai government’s intention…
- Thailand video news
Foreign land ownership in Thailand & Scam Call Center Raids | GMT
Police raid 14 scam call centres in Pattaya, resulting in one arrest. Communication cables set fire in Bangkok. Taxi driver punches woman after she requests him to go faster. Cabinet to debate foreign land ownership in Thailand. Football fans scramble for FREE Liverpool – Man U tickets. Airlines seek state aid amid rising costs. All this and more on todays…
- What you get for $X
Gorgeous pool villas you get in Koh Samui for $300,000 and less
Have you always dreamed of having a stunning pool villa in Koh Samui but are not sure if you can find one with a budget of $300,000? Luckily for you, there are plenty of breathtaking private pool villas in Koh Samui within that budget or even less! From charming infinity pools overlooking the sparkling blue ocean to lush tropical gardens,…
- Ask an Agent
Do I need a bank account in Thailand to buy property?
One of the most commonly asked questions is whether a foreigner needs a Thai bank account when buying real estate. This is essential to understand to ensure everything goes smoothly and your money doesn’t get ‘stuck.’ Purchasing property in Thailand as a foreigner requires due diligence and a thorough understanding of the buying and selling procedures ahead of time. So,…
- Property
Pruksa plans to invest 3.5 billion baht in property, healthcare and tech startups
Pruksa Holding plans to spend 3.5 billion baht in property and healthcare technology businesses to improve its primary operations and increase cash flow, following a 2 year restructure and stock clearance. The CEO stated that the company’s two major operations, property development and hospitals, will be synergised with technology and innovations. Their plan is to invest in startups via joint ventures…
- Thailand video news
Thaiger Bites | Your comments and Feedback | August 25
Thai police, Power lines, Vaccine and Property in Thailand. Tim and Jay go through your viewer comments and feedback from GMT, TNT and the Thaiger Talk forum on our website.
- Economy News
30 property developers expected to sign up to Elite visa incentive scheme
The president of Thailand Privilege Card, which runs the Elite Visa scheme, says around 30 real-estate developers have expressed interest in offering foreign buyers 5-year visas in return for investing at least 10 million baht in Thai property. Somchai Sungsawang says the scheme, known as the Elite Flexible One launches on January 1, with cards valid for 2 years. Nation…
- Visa Information
Property developers eye Elite Card residence scheme, amid interest from nationals of China, Hong Kong, Germany
Around 20 development companies have shown interest in an Elite Visa scheme that offers residency to foreign investors. Of those, Sansiri, Nusasiri, Four Seasons, and Raimon Land have confirmed they will join the programme that offers 5-year residency to foreign nationals who invest 10 million baht in condos. Thai media reports also indicate increasing interest in the scheme from nationals…
- Economy News
Thai government urged to support foreign property buyers with additional incentives
The Thailand Development Research Institute is calling on the government to support foreign property investors, by allowing them to bid for residential units. Nonarit Bisonyabut from the TDRI says the measure would be aimed at off-setting a shortfall in local demand. With foreigners usually having higher purchasing power than Thais, he adds that the number of units offered for bidding…
- Economy News
Finance Ministry mulls stimulus packages to boost property sector, consumption
The new permanent secretary at the Finance Ministry, Krisada Chinavicharana, says officials are considering additional stimulus measures to support Thailand’s property sector and to further boost consumer spending. Krisada says he plans to meet with senior officials to debate more ways to get the economy going again, as the impact of the Covid-19 pandemic continues to make itself felt. He says…
