With tourism recovering and Thailand on many travelers’ list of must visit destinations, people want to know if now is a good time for Bangkok hotel investment. And while today is certainly not a bad time to buy a Bangkok hotel for sale, there are a few factors to consider. Let’s start by looking at the positives. First, the Tourism Authority of Thailand predicted tourist arrivals of more than 10...
The Bangkok Metropolitan Administration (BMA) wants to close land tax loopholes that have seen some owners turn their holdings in prime areas into makeshift banana and lime farms. This allowed them to enjoy the agricultural land tax rate of 0.01-0.1 percent as opposed to the 0.3-0.7 percent applied to undeveloped commercial plots. A source at the BMA told the Bangkok Post that up 12,000 land plots in...
Bangkok land prices continue to grow but at a slower pace than previous years, according to the Real Estate Information Center (REIC). There were a number of reasons for this, including Thailand’s struggling economy and the full collection of the land and building tax which went into effect this year. The REIC’s price index of vacant land in Greater Bangkok was 354.5 in the second quarter of 2022....
A proposal in Thailand allowing freehold land ownership to foreigners continues to gain traction. The Bangkok Post reported the Centre for Economic Situation Administration (CESA), a body chaired by Prime Minister Prayut Chan-o-cha, tentatively approved a series of measures designed to stimulate overseas investment. In addition to being able to own land on a freehold basis, qualified foreign investors...
by Asia Land For Sale