Land prices in Bangkok rose once more during the first quarter of this year and have now increased by double digits for three consecutive quarters. According to the Real Estate Information Center (REIC), prices in suburban Bangkok are surging the fastest. “The top five locations securing the highest year-on-year increase in the price index of vacant land were all located outside of Bangkok. The growth...
A royal decree regarding Thailand’s land and building tax reduction for 2023 was issued in March. This became official when the Government Gazette published an announcement stating the land and building tax due will be decreased by 15 percent in 2023. Land plots eligible for a previously confirmed 50 percent tax break were eligible for this as well, essentially meaning these plot owners will receive a...
The highest land price rises in Bangkok over the past few years were found in Huai Khwang, according to findings from the Thai government's recent assessment. That was to be expected given the increase of development in the area and its proximity to key hubs, such as Rama IX. The Treasury Department Director-General Chamroen Phothiyod noted that land prices in Huai Khwang soared by 21.5 percent when...
Land prices across greater Bangkok rose during the third quarter with the largest gains being recorded in suburban locations, according to data from the Real Estate Information Centre (REIC). the largest increases were seen in the Samut Prakan and Nonthaburi provinces where prices remain relatively low. In fact, land prices in the Bangkok city center grew at a much slower pace than in years past due to...
Two wrongs don’t make a right, but they do provide a great deal of entertainment when it comes to the Thai real estate market. Plans to allow foreign land ownership in Thailand have been withdrawn by the government as it looks to keep the public happy ahead of eventual elections. Let’s start by pointing out the obvious. This was a terrible proposal derailed by illogical criticism. Neither the plan...
New land appraisal prices in Thailand are already in the works with the Treasury Department planning to roll out the list for 2023-2026 at the start of next year. This was originally slated to happen in 2021 but was delayed because of the COVID-19 pandemic. “The new land appraisal price list which will come into effect next year was made two years ago as the announcement had been postponed due to the...
Thailand foreign land ownership is now possible with the Cabinet signing off on a proposal that would allow expats to own up to one rai of land for residential purposes. However, potential buyers shouldn’t get too excited about the scheme which has a THB40 million investment requirement attached. Watch the video below for all the details. Click here to start your search for Thailand land for...
Thailand foreign land ownership is now possible with the Cabinet signing off on a proposal that would allow expats to own up to one rai of land for residential purposes. However, potential buyers shouldn’t get too excited about the scheme which has a THB40 million investment requirement attached. The proposed new law that makes Thailand foreign land ownership possible may also suffer similar issues to...
Attempts at creating a successful Thailand Long-Term Resident Visa have proven to be problematic in the past. A THB10 million investment visa implemented in 2014 never received much traction. The SMART visa aimed at attracting talent to support the government’s Thailand 4.0 initiative also struggled to get off the ground. The Thailand Board of Investment (BOI) has worked with key stakeholders,...
The government recently approved a change to foreign business land ownership regulations in Thailand that grants overseas companies a raft of new rights. These are overseen by the Thailand Board of Investment who handle approval of all land purchases. Firstly, foreign business land ownership regulations in Thailand state the company applying to own a plot must be BOI-approved and have a registered...
by Asia Land For Sale