Thailand Real Estate

In a move aimed at increasing traffic Thailand's Department of Civil Aviation has created a one year waiver of landing fees for a number of tertiary airports in the country.

The Tourism Ministry has prepared a five-year tourism development plan aimed at receiving 30 million tourists and Bt1 trillion revenue per year.

Property developers believe the new government's policies offering special financial packages for first-home buyers will create growth in the property market, but they are waiting to see what conditions might be imposed with the new deal.

As the dust settles on Pheu Thai’s landslide victory, the political situation in Thailand has become clearer but the economic situation for the property sector is still ambiguous.

Stock investors reacted positively to the election result, with the Stock Exchange of Thailand Composite Index opening 33.48 points or 3.21 per cent higher.

Amid positive signs of a tourism revival,international tourist arrivals in the first five months of this year rose 24.36% to 8.2 million, according to the Tourism Authority of Thailand (TAT).

Colliers Thailand has announced the sale of the former Embassy of Japan to Singha Property Development and Max Future Co, both wholly-owned subsidiaries of Boon Rawd Brewery which produces Thailand’s famous Singha Beer.

Asian are expanding their investment in Thailand's property market, both in Bangkok and upcountry, as prices here are still lower than elsewhere in the region and because the Asean Economic Community (ABC) will come into full effect in 2015.

Land prices in Bangkok have surged following the Treasury Department's first review in eight years, with significant increases in Yaowarat, Silom, and Phloenchit roads affecting land taxes.

Established in 1982 as Amarin Plaza Plc, The Erawan Group Plc has a mission to be an explorer and well-diversified leader.