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Land and Property Tax Forces Site Owners to Consider Options

Land and Property Tax Forces Site Owners to Consider Options

The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. One of the sectors that will be impacted is vacant land. There are still many unused sites in Bangkok. Owners of these sites will have to start paying significant taxes for the first […]

Bangkok land prices plateau, new tax on the way

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed […]

Unstructured Thailand Real Estate Market!

Unstructured Thailand Real Estate Market!

The property market of Thailand has a life of its own. Critics say there is a sense of isolation in the Thailand real estate market. There are also rules – or the lack thereof – that deviate from what you normally see in foreign real estate markets (i.e. absence of appraisal policies, transactions going haywire). […]

China is playing a growing role in Thailand’s property market

China is playing a growing role in Thailand’s property market

China is playing a growing role in Thailand’s economy and property market, according to CBRE, a leading international property consultant. A total of 10.5 million Chinese tourists visited Thailand last year, accounting for 30% of total arrivals. This number has grown by 1,175% over the last ten years. Chinese nationals now comprise the second largest […]

Opportunities for apartment developers

Opportunities for apartment developers

Although expatriate numbers are only growing slowly in Bangkok, there is still opportunity in the downtown residential rental market for apartment developers. The main demand for rental residences in downtown Bangkok comes from expatriate tenants. There were just over 85,000 expatriates with work permits in Bangkok at the end of 2017 with only 1.2% annual […]