The Thai government is set to explore the possibility of increasing the foreign ownership quota in condominiums from the current 49% to 75%, Deputy Prime Minister Phumtham Wechayachai announced.
Residence by Investment Overview
At the seminar “Investment Opportunities in Phuket Real Estate – Latest Market Trends” held on June 14 at the Novotel Phuket City Phokeethra Hotel, Sopon Pornchokchai of the Thai Real Estate Research and Valuation Centre, Agency for Real Estate Affairs Co., Ltd. (AREA), highlighted the challenges of finding available land...
Thailand's branded residences sector is flourishing, extending its reach to lesser-known locales such as Sichon. This expansion is fueled by the success of the tourism industry and the rising land prices in well-established areas, presenting profitable opportunities for investors.
Developers are advocating for an increase in foreign ownership quotas for condominiums in select regions to help stimulate economic growth. This comes after observing a sustained rise in demand from international buyers last year, a trend that is expected to persist.
The Cabinet approved the transfer and mortgage fee cuts on Tuesday and also raised the limit from 3 million baht to 7 million baht for condo and house prices. Normally, the transfer fee is set at 2% of the transaction value and the mortgage fee at 1% of the transaction...
BANGKOK: On Tuesday (Apr 9), Thailand will unveil a set of new initiatives aimed at the property market, as announced by the finance ministry. These steps are part of broader efforts to rejuvenate the economy of Southeast Asia’s second-largest nation.
A recent study by C9 Hotelworks shows the increasingly blurred distinction between major hotel chains and the real estate sector as the destination reaches new developmental milestones.
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