TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

New Luxury Regulation May Derail Bali Villa Market

Category: Real estate, Posted:22 Feb 2012 | 13:26 pm

Starting in March a new regime that requires property developers and brokers in Bali to report on all transactions over USD55,000 could hit the industry hard.
Reported by Balidiscovery.com the regulation is aimed at money laundering and is targeting luxury property and goods.
While the legal ramifications have yet to be fully understood or implemented, the law is intended to counter the growing number of individuals sheltering assets or funds obtains through illegal activity.
Property experts say they have yet to see the act in motion but certainly nominee structures will be put to the test.
An add on to the reporting could be the linkage of reported transactions and a tail by taxation authorities for the collection of luxury tax.
I'm currently in Bali and speaking to local real estate developers and agents, there remains a good amount of anxiety over the new regulation.

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]