Hongkong Land Limited’s Post

This has been a contentious issue for a long time. In Thailand, foreigners can own up to 49% of the total sellable SQM of an ENTIRE project. That means in a condo building of 100 units where all the units are the same SQM size (for the sake of this example), foreigners could own 49 of the condos in their own name. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said foreign ownership quotas for condos in many popular destinations for foreigners, such as Phuket and Pattaya, are fully occupied in several projects. "Certain locations do not attract domestic buyers, so the government should increase foreign ownership quotas in those areas to stimulate the economy as the condo market in such locations depends on foreign demand," said Mr. Vichai. There could be a change coming. With a very strong focus on improving the economy, perhaps change is closer than ever... #roycerealestate #thailandproperty #thailandrealestate #thailandrealtor #realestateagencythailand #condothailand #movetothailand #pattaya

🇹🇭🌏🏡Thailand’s cheaper cost of living and more relaxed lifestyle are attracting more Hongkongers to make the move to Thailand, boosting its property market as foreigners snap up flats. Home prices in Thailand are around a quarter of what they are in Hong Kong. For example, a project in Hong Kong’s Kai Tak area that was put on offer early this month, the cheapest flat, measuring 250 sqft, was priced at HK$5.18 million (US$662,000). In comparison, a project in the Phetkasem district of the Thai capital is offering flats of around 264 sqft, for about HK$708,000 (3.13 million baht). Credit Source: https://lnkd.in/gyynUebm #bangkok #thailand #property #propertyinvestment #foreigner #overseas

🏝️ Busting the Top 3 Myths of Buying Real Estate in Thailand! 🇹🇭 Thinking of owning a piece of paradise in Thailand? 🌴 Let’s clear the air on some common misconceptions: 1. Foreigners Can’t Own Land: It’s a common myth that foreigners are completely barred from owning land in Thailand. While it’s true that direct land ownership is restricted, there are legal pathways like leasehold agreements or setting up a Thai Limited Company that allow you to enjoy property ownership. 🏠✨ 2. It’s All About Beachfront Properties: While Thailand’s stunning beaches are a huge draw, don’t overlook the charm and potential of inland properties in cities like Chiang Mai or the bustling streets of Bangkok. Urban and cultural hotspots can offer fantastic value and lifestyle benefits too! 🌆🍜 3. Buying Property is Overly Complicated: With the right guidance, purchasing property in Thailand can be as smooth as a tropical breeze. 🌬️💼 Engage with reputable real estate agents like us at FazWaz and legal advisors familiar with Thai property laws to navigate the process effectively. Don’t let myths hold you back from exploring the real estate opportunities Thailand has to offer! 🚀🏖️ #RealEstateThailand #PropertyInvestment #ExpatLife #ThaiPropertyMythsDebunked #Fazwaz

Daily Real Estate News Highlights | August 25, 2023 1. Industrial real estate remains an FDI magnet 2. The VND35,000-bln package of Long Thanh Airport's terminal goes to Vietur joint venture 3. Hanoi commences resettlement project of the Ring Road 4 4. Foreign retail distributors choose Vietnam as strategic location: official 5. Long An found investor for a 137-ha urban project Read the full articles in the comment below. #Colliers #DailyNews #Vietnam #realestate

#WeeklyEconomicUpdate Thailand's Macroeconomy Update Aug 7 - Aug 11, 2023 Duirng the month of July the average occupancy rate for hotel operators moved up to 57.5% in all regions due to the school terms closing for the summer in some foreign countries and the average occupancy rate for August is expected to move up to 54.4% For more economic updates, read here : https://lnkd.in/gZsbYeSY #MetaCapital #Thailand #MacroEconomy #ThailandNews

Exciting news! 🌐 Thrilled to announce our expansion into Thailand's vibrant business and property market. 🏢🌴 Connect with us on LinkedIn for updates and opportunities. 🤝 #ThailandBusinessandproperty #PropertyInvestment #ExpansionJourney

SYMBOLISING THE PAST BRITISH INFLUENCE 🏛 🌅 The British ruled Malaysia directly and indirectly for more than a hundred years from the early 19th century to the mid-20th century. The types of modern houses in Malaysia are very diverse and can be traced back to various types of housing in England. There are generally three types of flat land houses, namely terraced houses, semi-detached houses and detached houses. Terraced houses are the most common type of houses. #Jommanamana #YourFUNstartsHere