Phuket Property Watch Your Eyes on Real Estate in Thailand
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In recent property news, hotel operators in Thailand are advocating for a restructure of the land tax. This comes as a result of the Gulf Development increasing its stake in Kasikornbank to 10%, a move that could potentially influence the real estate market. Meanwhile, the InterContinental Hotels Group (IHG) is expanding its luxury premium hotels in Thailand, along with Japan, Vietnam, and China, in an effort to boost APAC tourism. This expansion could potentially attract more foreign investors to the Thai property market, making it an attractive option for those looking for new real estate opportunities in Asia. In a bid to streamline processes and improve services for residents, Thailand’s Department of Land Transport (DLT) is now allowing online licence renewals. This move is seen as a positive step towards digitization and could potentially make property transactions and other relevant processes more efficient and convenient. In other news, Edouard Tavernier has been appointed as the Chief Executive Officer of PEI Group, a move that could potentially influence the real estate landscape in Thailand. However, it remains to be seen what impact this will have on the property market. Finally, there is growing concern over the boldness of gold shop robbers in Thailand. While this might not directly affect the real estate market, it might impact the perceived safety and security of potential investors, which in turn, could affect their decision to invest in Thai properties.
