Transferring Money Procedure While transferring money from overseas for the purchase of a Condominium in Thailand may seem like a mundane process, foreign buyers needs to follow a strict set of guidelines set by the 1991 Condominium Act. Firstly non-residents need to ensure funds for the purchase of a Condominium are transferred from overseas; funds transferred also need to exceed…Read More
Buy-to-let (BTL) Investments follows a simple formula, simply buy property in locations that offer a combination of: – Convenient Commutes (To key areas of the city). – Appealing Lifestyle. – Quality (Possibly Good Value) Accommodation Options. Neighborhoods that are able to fully integrate these 3 lifestyle offerings transform and develop into popular residential hubs and investors inevitably profit. “Capital Appreciation…Read More
Sales and purchase taxes are always primary considerations especially when investing in real estate. Certain countries worldwide, impose tough taxation rules that can quickly erode capital gains and result in sub-standard profits for investors! Interestingly, Thailand offers buyers and sellers an advantageous and a relatively low set of taxes. As a general rule of thumb: “Sellers will typically disburse Taxes…Read More
Bangkok is a bustling and vibrant metropolis, unfortunately when it comes to accommodation and housing the City has become a victim of its own success. Space comes at a premium in Bangkok, especially in the most popular neighborhoods (I.e. Phrom Phong, Thonglor, Silom, etc…). This is largely the result of Developers compromising on spacious layouts in return for higher return-on-investment.…Read More
Starting a property search in Bangkok can be a daunting and nerve racking experience. The city covers approximately 1500+ Square Kilometers, with hundreds of neighborhoods and literally thousands of condos and houses to choose from! Whether you are looking for an investment or simply a rental property, starting you search online is probably the wisest and most time efficient way…Read More
A combination of mass transit line extensions (BTS and MRT), dramatically increasing price of acquiring land in prime-areas and a general social shift in urban lifestyle, is transforming Bangkok’s Peripheral Markets. “Peripherals” was original a term coined by Bangkok’s Property Consultancies to refer to locations outside the Capital’s Central Business District (CBD). Interestingly, in what seems like an overnight shift…Read More
The process of buying a condo before the project’s actual completion, simply based on “Plans” (I.e. Sales Brochures, Floor Plans and Renderings) is common practice in Bangkok. Developers big and small are constantly blanketing the Capital’s media outlets from newspapers, billboards to even social media platforms with adverts touting their latest launch! For those unfamiliar with this sales and marketing…Read More
Geographically referring to the intersection of the two major roads Ladprao and Phahon Yothin Road the area has developed a strong residential community and a pleasant lifestyle offering. The area is popular amongst Thai working professionals as it is well connected, served by BTS Mochit, MRT Chatuchak Park, MRT Phahon Yothin and MRT Ladprao; it is also easy to drive…Read More
Hundreds of Condo Projects in Bangkok can claim to be within walking distance of a BTS or MRT. However, only a select and exclusive few can officially boast about having dedicated private entrances connecting them to a Mass Transit Station. These coveted status symbols offer the ultimate luxury to its residents, that of enviable convenience! Let’s explore the few Condo…Read More
Anyone vaguely familiar with Bangkok real estate will recognize that a few big name Condo Developers are dominating the market! Key players such as Sansiri, Ananda Development and AP (Thai) are blanketing the capital with aggressive marketing campaigns and new project launches. As the expression goes “success breeds success” and these competitive Developers are also prolific at growing and acquiring…Read More