PM defends easing property regulations for foreign buyers
PRIME Minister Srettha Thavisin today (June 23) defended relaxing regulations to allow foreigners buy up to 75% of condominium unit space and increase property lease to 99 years pointing out this is prevalent in other countries too with there being no impact on the country, Thai Rath newspaper said. Amid criticism that this move […]
Read MoreGovt looking at letting foreigners buy up to 75% of condo unit space
THE INTERIOR Ministry is studying the easing of real estate laws to allow foreigners to buy up to 75% of total unit space in condominium buildings, up from 49% at present, in an effort to stimulate the economy, Naewna newspaper said this afternoon (June 21). Officials are also looking at extending property lease period […]
Read MoreForeigner arrested on illegal land trading charges
A FOREIGN MAN on the run after being slapped with charges of illegal land trade in Phuket and Surat Thani has been arrested in Pattaya, Naewna newspaper said last night (Mar. 15). The wanted foreigner, only identified as Mr. David, 58, from the USA, was taken into custody in front of Jomtien Hospital in […]
Read MoreBuilder Italian-Thai Development flags cash flow issues, seeks bank loans
By Reuters and published by CNA THAILAND’S largest builder Italian-Thai Development is negotiating with banks for new loans due to cash flow issues that have prompted it to make partial salary payments, the company said yesterday (Mar. 13). Italian-Thai Development told the Stock Exchange of Thailand that revenue from construction projects remained smaller than […]
Read MoreChinese buying trends still strongly boost residential market: Savills Thailand
By Nina Suebsukcharoen THE Thai residential market is still being strongly reinforced through Chinese buying trends that added quite significant value all of last year with Thai buying too remaining reasonably consistent in all sectors, Mr. Robert Collins, CEO of Savills Thailand said in an exclusive interview on Tuesday (Mar. 5). While Mainland Chinese […]
Read MoreBMA extends deadline for requests to change new city plan
FOLLOWING complaints that the new city plan for Bangkok benefits capitalists, the Bangkok Metropolitan Administration (BMA) today (Jan. 9) extended the deadline for lodging requests to amend it till Feb. 29, TV Channel 7 and TNA said. Mr. Wissanu Supsompon, deputy Bangkok governor, said seven public hearings have been held on the new city […]
Read MoreUnder construction condo’s fire escape collapses, 3 houses damaged
THE EXTERNAL fire escape of a luxury condo under construction in Nonthaburi city suddenly collapsed yesterday (Dec. 8) damaging three adjacent houses but fortunately no one was injured, Naewna newspaper said. Reporters inspecting the site of this construction accident saw an announcement by Nonthaburi’s Building Control and Urban Planning Department temporarily suspending work but […]
Read More1.62 million people benefit from upgrading land papers to title deeds
By Thai Newsroom Reporters AN ESTIMATED 1.62 MILLION farmers and villagers nationwide can now have papers which they may currently hold to occupy state-owned land finally upgraded as individually-owned land title deeds for agriculture, said a senior official today (Nov.16). Agricultural Land Reform Office secretary-general Winarot Sapsongsuk confirmed that some 1.62 million people in […]
Read MoreEx-minister, Pattaya mayor arrested at airport over graft charges
FORMER culture minister and Pattaya mayor Itthipol Khunpluem was arrested at Suvarnabhumi Airport upon returning from Phnom Penh, Cambodia, at 10 a.m. this morning (Oct. 9), as he faces malfeasance charges stemming from approval of a condominium project in Pattaya over a decade ago, Naewna newspaper said. Itthipol, together with Mr.Pichet Uthaiwattananont, Mr. Witthaya […]
Read MoreNew, open arrest warrant issued for ex-minister who skipped town
THE Criminal Court for Corruption and Misconduct Cases in Rayong this afternoon (Sep. 7) issued a new, open arrest warrant for former culture minister and Pattaya mayor Itthipol Khunpluem under malfeasance charges stemming from approval of a condominium project in Pattaya over a decade ago, Naewna newspaper said. This non-expiry arrest warrant also applies […]
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