Indian, Chinese investors buying pubs, restaurants in Pattaya
WHILE many foreigners are investing in Chonburi province, Indian and Chinese investors have channelled the most funds in buying up businesses in Pattaya to cater to their countryfolk holidaying at this seaside tourist city, Matichon newspaper quoted business people in this province as saying today (Feb. 27). Indian investors bought up pubs and restaurants […]
Read MoreCourt orders suspension of EIA for high-rise condo project
THE CENTRAL Administration Court today (Dec. 28) ordered the suspension of the environmental impact assessment (EIA) approval granted to a high-rise condominium project in Ratchadapisek area after neighbours had filed a lawsuit over blocking of wind and sunlight, TV Channel 7 said. Mr. Srisuwan Chanya, president of the Anti-Global Warming Association, said residents of […]
Read MoreSC Asset confirms houses are only sold to Thai people
AFTER police raided a luxury housing estate in Soi Lasalle where Chinese grey capitalists have bought almost all the houses through nominees SC Asset Corporation Plc today (Dec. 4) issued a clarification that the houses it built were sold to only Thai people or Thai juristic persons, Sanook.com and Matichon newspaper said. The company […]
Read MoreChadchart: Talks being held on Ashton Asoke condo case
BANGKOK Governor Chadchart Sittipunt said his deputy is holding talks on the Ashton Asoke luxury condo case today (Nov. 25) after the Central Administrative Court passed a verdict to resolve land procurement within 180 days, Matichon newspaper said. The Siam Society under the Royal Patronage had filed a case over the development of project […]
Read MoreRow erupts after 2 houses are built on wrong land plot
THE owner of a plot of land in Kanchanaburi province is perplexed how two houses could have been built there by mistake with the party at fault now keen on buying it and urging him to reduce the price, Sanook.com said this afternoon (Nov. 20). Mr. Pairat (surname withheld), 45, accompanied by his wife, […]
Read MoreNew regulation allowing foreigners to buy land withdrawn: Anupong
INTERIOR Minister Anupong Paochinda this morning (Nov. 8) said before attending a Cabinet meeting that a draft ministerial regulation allowing four categories of foreigners to buy maximum one rai of land for residential purposes is being withdrawn to study this sensitive issue again, Matichon newspaper said. When asked whether the draft will be resubmitted […]
Read MoreAnupong proposes cancelling regulation allowing foreigners to buy land
INTERIOR Minister Anupong Paochinda sent a letter to the Government House stating that he will be proposing to the Cabinet tomorrow (Nov. 8) that a draft ministerial regulation allowing four categories of foreigners to buy maximum one rai of land for residential purposes be revoked, Matichon newspaper said. This step was taken after several […]
Read MorePrivate sector: Extending foreign leasehold ownership a better option
THE head of a real estate association today (Nov. 4) said allowing foreigners to buy one rai of land under a new ministerial regulation still being vetted is unlikely to motivate them to do so because of difficult procedures and it would be better to extend their leasehold rights from 30 to 50 years, […]
Read MorePrayut supporter Pareena against allowing foreigners to own land
JOINING THE chorus of criticism on the government having approved in principle the drafting of a ministerial regulation allowing foreigners to buy maximum one rai of land for residential purposes conditional on investing at least 40 million baht for minimum three years is Prime Minister Prayut Chan-o-cha’s staunch supporter Pareena Kraikupt, Naewna newspaper said […]
Read MoreBank coughs up 2.2m baht for seizing wrong house
GOVERNMENT Savings Bank yesterday (Oct. 4) agreed to pay 2.2 million baht compensation to the owners of a house their contractor had wrongfully seized and renovated plus put a for sale sign upfront and in doing so destroying many objects of sentimental value, Sanook.com said. Mr. Ronnarong Kaewpetch, chairman of the Network to Reclaim […]
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