Thailand Real Estate

Property firms are planning to ask the incoming government after next month's election to revise the taxation system related to buying and selling residences and to introduce fixed interest rates for first-home buyers as a long-term policy.

Centara Hotels & Resorts has signed a management contract with Oversee Construction Co Ltd for a new Bangkok property to be called the Centara Watergate Pavillion Hotel.

Rush to launch new projects sends land prices soaring

Modest adjustments to existing foreign property ownership legislation to improve inbound investment could help produce major benefits in real estate, construction, retail consumption, education, transport, schooling, and tourism, says a local property executive.

The Treasury Department's latest revaluation exercise could give a further boost to land prices, especially for plots along the commuter-rail lines in Greater Bangkok.

Thai hospitality group Minor International is planning to introduce a new four-star hotel brand this year as part of a global expansion strategy.

Saha Group, the country's largest consumer products conglomerate, has suggested the new government pay more attention to foreign trade policy.

Noble Development Plc expects to develop three high-rise condominiums in Bangkok's central business district.

The Joint Foreign Chambers of Commerce in Thailand (JFCCT) should be congratulated for raising the issue of foreign ownership.

The resort town of Pattaya has become a favourite destination for older tourists, welcoming more than four million visitors every year.