Expanding Property Services and Sustainable Developments: Today’s Thai Real Estate News

The Watcher 4 hours ago Business 1 Views

Thailand’s property market is experiencing several notable developments, particularly in relation to foreign investors and sustainable practices. This week, Siam Legal International announced a significant expansion of their Thailand property law services, specifically tailored for foreign investors. This is a strategic move that could potentially attract more international property buyers into the country, further stimulating its real estate sector.

Simultaneously, a focus on sustainability is becoming increasingly evident in Thai property developments. The Eastin Grand Hotel Sathorn Bangkok recently achieved its Green Globe Certification for Sustainable Hospitality, signaling the hotel industry’s commitment to eco-friendly practices.

The Absolute Hotel Services group has also made significant strides with the appointment of two new team members. Khun Pattanan Kankanasri (Khae) is the new Area Financial Controller for the Eastern Seaboard, while Khun Puthapong Purushahansa (Moo Yen) takes the helm as Area General Manager for the same region. These appointments may be indicative of the group’s plans for expansion or restructuring in the area.

Meanwhile, the Thailand Privilege Program aimed at long-stay residents is being expanded. The program offers a ‘Golden Visa’ to foreigners who invest a significant amount in the country, including real estate purchases. This could potentially encourage more foreign investment in Thailand’s property market.

Finally, it’s also worth noting that the Thai government is considering implementing a tourism tax, which could indirectly impact the property market by affecting tourist numbers and therefore demand for short-term holiday rentals.

So, whether you’re interested in investing in Thai property or you’re keeping an eye on sustainable developments in the region, it’s clear that there is a lot happening in Thailand’s property market this week.