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PROPERTY

Trying to create a fairer property tax

Business, Wichit Chantanusornsiri, Published on 13/06/2024

» The Finance Ministry is reviewing the Land and Building Tax Act. Public hearings were conducted to gather opinions from the public and stakeholders.

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PROPERTY

Developers adjust to decline in transfers

Business, Kanana Katharangsiporn, Published on 12/06/2024

» The number of land allocation permits nationwide dropped by 19.7% in the first quarter of 2024, the largest decline in nine quarters, as developers adjusted after seeing a consecutive dip in low-rise house transfers.

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PROPERTY

Official urges courage in tax assessment

Business, Wichit Chantanusornsiri, Published on 10/06/2024

» Local governments must be courageous in assessing which land plots are being underutilised or not used as they should be, as this assessment determines the maximum tax burden according to the land and building tax, says finance permanent secretary Lavaron Sangsnit.

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PROPERTY

Crackdown dents condo purchases

Business, Kanana Katharangsiporn, Published on 08/06/2024

» Myanmar's crackdown on Thai condo purchases by its citizens could cause a significant decline in condo transfers during the second and third quarters, according to the Thai Condominium Association.

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PROPERTY

Residential developers getting cold feet

Kanana Katharangsiporn, Published on 06/06/2024

» The residential construction area permitted nationwide in the first three months of 2024 is expected to plunge to the lowest level in 12 quarters, reflecting developers slowing new launches of residential supply because of weak demand.

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PROPERTY

Foreign interest key to condo projects

Business, Kanana Katharangsiporn, Published on 04/06/2024

» SET-listed Noble Development plans to focus on foreign buyers for new condo projects in Bangkok as domestic demand remains sluggish.

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PROPERTY

Homebuyer confidence dips

Kanana Katharangsiporn, Published on 01/06/2024

» The housing purchase confidence index (HPCI) in Greater Bangkok for the first quarter of 2024 dropped from the fourth quarter of last year, likely the result of gradually increasing policy interest rates throughout 2023.

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PROPERTY

Post-rejig, Sen X targets 40% growth

Business, Kanana Katharangsiporn, Published on 31/05/2024

» SET-listed property firm Sen X plans to restructure by merging subsidiaries related to property services, expanding to manage non-residential properties, adding new businesses and shifting to high-priced housing segments to secure 40% growth by year-end.

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PROPERTY

Real estate leader advocates ESG

Poramet Tangsathaporn, Published on 30/05/2024

» The real estate sector can help improve society and the environment by adopting environmental, social and governance (ESG) practices, says Panote Sirivadhanabhakdi, Group CEO of Frasers Property Limited.

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PROPERTY

CPN optimistic on office rental outlook

Business, Kanana Katharangsiporn, Published on 30/05/2024

» SET-listed Central Pattana (CPN) is aiming for annual growth of more than 10% in the office rental business over a five-year period, following the completion of Central Park Offices at the Dusit Central Park mixed-use project next year.