• BUSINESS

  Is it too much of a good thing?

  Spectrum, Published on 05/02/2017

  » The residential market outlook for the first quarter of 2017 should remain relatively consistent with recent performance. Though many analysts are optimistic about economic improvement this year, there are still many uncertainties that could reduce confidence among property buyers and developers. Furthermore, the recent heavy flooding in the South is likely to affect overall economic growth.

• BUSINESS

  More of the same in store in 2017

  Spectrum, Published on 08/01/2017

  » Many negative factors dealt a blow to Thailand in 2016, especially the greatest loss in the kingdom's history in the fourth quarter. The passing of the beloved monarch has had a profound impact on Thais. Most activities nationwide were frozen for one month while sentiment and confidence were eroded. Most Thais were in no mood for spending and no longer went shopping and dined outside, resulting in an economic slowdown.

• BUSINESS

  The million-dollar question

  Spectrum, Published on 22/01/2017

  » Pockets of oversupply in Bangkok's lower-end condominium market, coupled with demand that remains suppressed by higher household debt, have led many residential developers to divert time and resources towards higher-end condo projects and landed property.

• BUSINESS

  Making room for Airbnb

  Spectrum, Published on 18/09/2016

  » In July, the Phuket Provincial Land Office sent a notice to all 234 registered condominium projects in the province, totalling more than 26,000 units. It said that daily renting by condominium owners was a violation of the Hotel Act of 2004, and also caused a public nuisance, affecting tourist safety and possibly leading to loss of life and property. The penalty for such a criminal offence is up to one year in jail or a fine of 20,000 baht.

• BUSINESS

  Reset in Phuket

  Spectrum, Published on 02/10/2016

  » Sales in the Phuket luxury residential market have slowed down in recent years as demand has grown at a slower pace. An adverse reaction to this is that the number of new residential project launches has started declining in response to slower sales.

• BUSINESS

  What's the rush?

  Spectrum, Published on 07/08/2016

  » While sales rates for condominium developments in Bangkok vary greatly from location to location, and from project to project, the general consensus is that condominium sales across the capital have slowed down. With a wider choice of supply to pick and choose from, buyers are spending more time researching all their options.

• BUSINESS

  Thai buyers chase classy London's bargains

  Spectrum, Published on 04/09/2016

  » London has long been the destination of choice for Thai investors looking overseas. The lifestyle, language, healthcare services and educational opportunities reinforce its position as a world-class city. In terms of the basic investment fundamentals, London has always been viewed as a safe haven with a strong and established legal structure, asset protection and a multicultural society.

• BUSINESS

  Downtown hotels in strong recovery

  Spectrum, Published on 12/07/2015

  » Bangkok is the second most popular city in the world for overnight international visitors, according to the 2015 Global Destination Cities index compiled by MasterCard. Thailand’s capital trailed only London for the second year in a row, despite the unrest early last year, with visitor numbers up by 8% according to MasterCard.

• BUSINESS

  Two sides of the same coin

  Spectrum, Published on 22/03/2015

  » The government’s attempt to introduce a land and buildings tax in Thailand has been a hot topic in recent months, attracting strong criticism and creating a fear of additional tax burdens across many income brackets and business types. Now that the administration has postponed the plan pending further study, there is time for more thorough debate and analysis of the merits of such a bill.

• BUSINESS

  The Historian Diplomat

  Spectrum, Published on 15/07/2014

  » Having a good knowledge of history can make the life of a career diplomat easier, says James Wise. As Australia’s ambassador to Thailand, he puts his knowledge to the test daily.

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