News

Property prices in Thailand expected to jump up 3-5% in 2022 Thai property developers expect to hike their prices by three-to-five per cent this year due to rising construction costs and a restoration of balance in the property market. Richy Place CEO Apa Ataboonwongse on January 14 said now that some of the properties in […]

Thai property developers Noble Development and SC Asset Corporation plan record launches SET-listed developers Noble Development and SC Asset Corporation are upbeat about their business prospects and overall market sentiment this year, with both planning record property launches. In 2022, Noble plans to launch 18 new projects worth a combined 47.7 billion baht, while SC […]

Thailand cuts property transfer fees from 2% and the mortgage fee from 1% to 0.01% for both to stimulate economy The government cuts fees for ownership transfers and mortgage of properties to 0.01% on Tuesday. Deputy government spokeswoman Traisuree Taisaranakul said the Royal Gazette yesterday (Jan 17) published announcements by the Interior Ministry to reduce […]

Phuket’s long-delayed 3.98-kilometre Kathu-Patong expressway receives final approval to build The cabinet approved 14.6 billion baht on Tuesday to build the long-delayed 3.98-kilometre Kathu-Patong expressway with investment via public-private partnership (PPP). Government spokesman Thanakorn Wangboonkongchana said the Kathu-Patong expressway aims to ease traffic jams and support Phuket smart city development. Of the total, 5.79 billion […]

Transport Ministry pushes for expansion of Bangkok’s Suvarnabhumi International Airport The Ministry of Transport is pushing for the expansion of Suvarnabhumi International Airport to prepare for more air travels. The decision came after a prediction by the International Air Transport Association (IATA) that the number of air travelers would reach 65 million people between 2024 […]

Blow for the Thai property industry as Government declares no more reduction in land and buildings tax Arkhom Termpittayapaisith, Thailand’s Finance Minister announced on January 17th that his ministry is ruling out the likely hood of any reduction in 2022 in the land and buildings tax. Apparently, relief had already been granted for two years […]

Property developers want extension of Thailand’s 90% reduction in the rate of the land and building tax to be extended Real estate developers are calling for an extension of the 90% reduction in the rate of the land and building tax as the impact on the sector remains severe. Issara Boonyoung, chairman of the committee […]