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 time once the new land tax comes into effect in January next year. Many of these owners...
LISTED PROPERTY firm Land & Houses Plc has set aside an investment budget of Bt13 billion this year to buy land for residential projects as well as for the development of commercial buildings – including retail and office space and hotels – in Pattaya and the Sukhumvit area of Bangkok. Some Bt7 billion of the investment budget will be spent on acquiring sites for the development of residential...