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    Buying property in Thailand

    By Anonymous, Created on: 17/02/2006, Last updated on: 11/11/2011

    » Nothing much to say here is there, i think that IAN has told us all there is to know and believe me.......... .he's right.

    • Anonymous commented : Hey Aussie Dave. I thought that you probably missed this article since business section can sometimes be very boring. This partnership will be good for the business community. In the long term, common Thais will not be able to afford to live and or visit these places. The one of possitive aspect is that this business will help bring/improve the building standards/codes in Thailand to first world standard. Since certain ethnic developers will not meet the world building standards/codes due to profit and their old building habits. Real Estate/Residential Sales Dutch Brokerage Taps Luxury Market, 25 February 2006 The Dutch property brokerage My Trusted House (MTH) is expanding into Asia, using Thailand as its base to explore business opportunities in the region. ''We started with Thailand because European people love to take holidays here. After their visits, some people want to buy a house to stay here,'' said Ronald Joosten, the executive partner of MTH Asia Pacific Co. My Trusted House is a leading property sales and marketing agent in Europe, with a focus on luxury vacation homes. It established MTH Asia Pacific with Thai partners to handle its first operation in Asia. The local partners have not been named. Mr Joosten said that Europeans felt comfortable about investing in property in Thailand, despite the lack of land ownership rights for foreigners. ''Thailand is very strong in terms of safety, the economy as well as political [stability] compared with other Asian countries,'' he said. Apart from tourists, the company intends to target as potential customers the large number of expatriates in top management positions with multinational companies in Thailand. It will also link up with accounting, financial and law firms to help ensure that foreigners earn benefits from their property investments in Thailand. The strong growth of the local resale market for real estate also appeals to investors, Mr Joosten added. The company's first venture in Asia is Royal Maritime in Sattahip, Chon Buri. It consists of 25 luxury villas with prices ranging between 30 million and 70 million baht each. The company will hold its first event, called Living Rich Asia, this weekend at the Raffles Park Nai Lert Hotel in Bangkok, in order to introduce itself and the new villa project to affluent Thai clients. It will also arrange its first tour of Thailand for 50 affluent European investors in March. In addition, MTH plans to join with a local cable TV operator to set up Travel TV, aiming to broadcast across Thailand by the end of this year. The travel TV channel will be its key marketing tool following the success in Europe of Liberty TV, its 24-hour leisure and lifestyle channel based in Luxembourg. The television programming focuses on selling vacation-related products including hotels, airline tickets and property. The channel is currently seen in Luxembourg, Germany France, the Netherlands and Belgium. MTH has other property projects in the pipeline in Chiang Mai, Phuket, Samui and Bangkok. After Thailand, the company will expand its business into other Asian countries, including China and Singapore.

    • Anonymous commented : Bangkok Post Business, 08 April 2006 Tesco chief invests in Phuket The chief executive of Tesco has invested millions of pounds in a planned luxury condominium village in Phuket, and which bills itself as environmentally friendly. At the 100-rai West Sands development on Mai Khao beach in Phuket, the prices of luxury apartments start at around 6.5 million baht, and range up to the most luxurious home, which has a listed sales price of nearly 67 million baht. The Telegraph newspaper of London said this morning that the chief investor is Tesco CEO Terry Leahy, who "has invested millions of pounds of his own money" in the resort. "This is something I was keen to do. It is a private investment. I like Thailand, I like the people there, the economy is doing pretty well, and it is a popular destination," said Leahy, according to the newspaper. West Sands is targetting foreigners to buy the apartments, and Mr Leahy singled out Scandinavians and Germans because they favour greenness. Environmental features include a rainwater collection system, an organic garden, recycling facilities and solar panelling, said the newspaper. Apartments in the 40-acre resort will be aimed at a "wide range" of buyers, from European expatriates to UK residents looking to retire in Thailand, Mr Leahy said. .

    • Anonymous commented : REAL ESTATE / PRIME DOWNTOWN BANGKOK SITE British embassy completes sale of nine-rai plot to Central The British government yesterday completed the sale of part of its Bangkok embassy compound on Phloen Chit Road to the Central Group, the country's largest retail operator. The price of the prized nine-rai plot to Central affiliate Tiang Chirathivat Real Estate Co was not disclosed but industry experts estimated it at three billion baht. Central edged Land & Houses Plc, the country's largest residential developer, in the contest to acquire the site. The company wants to turn the plot into a shopping area, serviced apartments or a hotel and entertainment anchor to complement its nearby Central Chidlom store. Intense competition in the retail business in Bangkok's central business district has driven Central to seek ways to build on its existing businesses, which are now constrained by limited space, according to industry analysts. Central executives declined to comment on the deal, but the British Embassy said yesterday it was the largest-ever property sale by the Foreign Office. The historic residence, the embassy and the "green character" of the compound would be preserved, it said. About 11 million (770 million baht) of the proceeds will fund redevelopment of the remainder of the compound, including new staff accommodation, recreational facilities, remodelling of the embassy offices and security work. The embassy said that the 32.3-rai compound, purchased in 1922, was larger than needed. It said the land sold was the most polluted and noisiest part of the compound, next to the six-lane Phloen Chit Road and the BTS skytrain. The War Memorial and statue of Queen Victoria would be moved to appropriate sites near the residence, officials said.

    • 119 replies, 367,763 views

    Forum

    The Value of a Tourist.

    By Sean Moran, Created on: 18/01/2009, Last updated on: 15/12/2010

    » What are some of the most common positive and negative results of foreign tourists from overseas visiting Thailand? Thai opinions welcome, kap.

    • Jay commented : I see tourists complaining about being ripped off by taxi drivers and other Thais, and I guess I just don't understand this. I have traveled to Thailand dozens of times, usually for a month or more at a time, and only once has a taxi driver ever tried to take advantage of me. And, when he did, he backed off as soon as I called him on it. Rarely have any other Thai service workers tried to cheat me; once in a while in a karaoke club, or in Fortune Mall, but not often. I find that, compared to most other places to which I travel - like Hong Kong, the Philippines, or even most places in the U.S., Thailand is safer and more friendly, and I don't have to be as vigilant protecting myself. Tourists bring a lot more to Thailand, in my opinion, than just the money they spend. Yes, it's true that you have thousands of middle aged men, often with not a lot of money, coming to Thailand to visit the go-go clubs and beer bars. Except for providing work for thousands of girls from the provinces, they don't help the economy all that much. But most tourists are not in that category. Most tourists who come to Thailand discover a subtle and interesting new (for them) culture, and leave this country with a new understanding. That translates, more often than you think, into business activity later on. If you look at all the international businesses that have been established in Thailand (excluding the retail businesses), you will be surprised to find that probably half of them had their start with a business executive vacationing in Thailand, and having their eyes opened to the potential of this great country. Sure, not every tourist starts a factory later. But if one in a thousand does, that translates into many thousands of new manufacturing jobs in Thailand every year.

    • 85 replies, 111,416 views

  • News & article

    Thailand does badly in regional survey

    Database, Suchit Leesa-nguansuk, Published on 06/01/2010

    » New research reveals that a lack of metrics and accountability remains an impediment to successful service delivery in public sector IT projects in the Southeast Asia region. The survey showed that Thailand has more failed projects than Singapore and Malaysia.

  • News & article

    Apathy reigns as Thailand continues to fail to embrace its potential

    Database, Don Sambandaraksa, Published on 06/01/2010

    » After so many years of writing, I have ended up with a 'why bother' attitude when it comes to the more controversial news which should matter. Anyone remember the not-very-smart ID cards that cost 888 million baht and which, to this day, are not fully utilised?

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    IBM backs 'Creative Thailand' initiative

    Database, Suchit Leesa-nguansuk, Published on 27/01/2010

    » Big Blue is looking to bring technology to support the "Creative Thailand" initiative while leveraging its expertise in business analytics and optimisation to help organisations to become more intelligent enterprises.

  • News & article

    Free from legal woes, AMD heads for market leadership

    Database, Don Sambandaraksa, Published on 03/02/2010

    » AMD is headed for profit, headed for the number one spot in graphics, headed for greater variety in the thin and light segment and, soon, headed for extreme performance increases and new form factors as its Fusion-converged CPU-GPU architecture rolls out. It is also finally free from the shackles of its long-running lawsuit with Intel and relishing competing in a free and fair market.

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    Oracle Asean executive steps down

    Database, Suchit Leesa-nguansuk, Published on 03/02/2010

    » Pioneering IT executive Natasak Rodjanapiches is leaving Oracle Thailand after more than 13 years with the company.

  • News & article

    Tourism hit by advisories

    Business, Published on 18/02/2010

    » Tourism figures rebounded in January, but the industry's outlook remains shaky after six foreign countries issued travel advisories for Thailand.

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