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Top Thailand Property News Of The Week - 10 July 2017
14 Jul 2017
The top residential and commercial real estate news of the week - 10 July 2017
CBRE’s weekly property news snapshot features the latest residential and commercial real estate stories in Thailand and elsewhere that you cannot afford to miss - be it regarding residential, industrial, retail, office, hotel, land, or investment property
Call to scrap consignment land sale law
AA senior official at the Justice Ministry has proposed that the consignment sale law in loan agreements be abolished because it often leads to people losing their homes.
Wider land, building tax base mulled
A cut in the proposed land and buildings tax exemption threshold from 50-million-baht for main homes is on the cards to expand the taxpayer base, says Deputy Finance Minister Wisudhi Srisuphan.
Patients from five Asian countries now eligible for 90-day stay
The government has extended the stay for patients from Cambodia, Laos, Myanmar and Vietnam (CLMV), as well as those from China, who come to Thailand for medical treatment from 30 to 90 days, in accordance with its ambitious plan to turn the country into a medical hub.
Pace push to raise capital
SET-listed Pace Development Corporation Plc, the high-end property developer, is rushing to raise capital to help build up its financial strength amid concerns by some observers over the company's hefty financial liabilities and bills of exchange.
Property Tax: A Step in the Right Direction
Governments take value to consistently tax real property because of its immovable nature and the universally accepted rule of law that real property is taxed according to the law of the land wherein it is situated.
Condo projects offer high-living luxury
With high competition and commercial banks restricted lower income customers from accessing mortgage loans to the customers, Bangkok’s property developers have refocused their business strategy.
Property owners brace for the bite
'Nothing can be said to be certain, except death and taxes," said Benjamin Franklin, one of the founding fathers of the United States. For Thais owning land, houses and buildings in Bangkok, taxation is threatening to become a nightmare certainty with the government looking to impose a series of asset-based taxes.
Second-half boost targeted despite risks
The property market is expected to improve in the second half of this year, buoyed by the government's ramped up infrastructure project development. Piyasak Manason, senior vice president and department head, industrial and economic research at Kiatnakin Bank Plc, said another positive factor will be stable land prices.
Treasury mulls using state land for community tourism
The Treasury Department has floated the idea of leasing state land at reduced rates to develop community-based tourism and help local people.
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