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New Environmental Act Amendment to Eliminate Condo Abuses

Category: Real estate, Posted:16 Mar 2009 | 14:48 pm

Thailand's National Environmental Board has drafted a revision to the existing Environmental Quality Act, and have submitted it for Gazetting and subsequent implementation. While the current Act aims to control a wide range of property development along with hotel and condominiums there have been recurring abuses in the past. New amendments expand the exiting requirement for hotels or residential developments above 80 rooms to apply for an EIA to more specific language which includes an "or" provision if the gross floor area exceeds 4,000 square meters. High rise projects are also addressed covering any building 23 meters high or a gross floor area of 10,000 square meters and above.
Given the considerably longer and more expensive process of obtaining EIA permits versus the less complex and relatively easy EIE permit, developers have been circumventing the law by applying for EIE permits and showing less then 80 rooms, though gross floor areas which in actual terms are in excess of the 80 room threshold. It's been a timeline fast track commonly used for eager property developers who wish to tighten up lead-time getting into the ground.
As Thailand's real estate market continues to develop into a more internationally benchmarked regulatory process the new amendment is clearly a positive step in the right direction.

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Dusit Ties Up With Layan Verde Phuket Branded Residences

Category: Hotels|Real estate, Posted:26 May 2024 | 16:53 pm Thai hospitality group Dusit International has signed a deal with VillaCarte Group for their upcoming Layan Verde project in Bangtao Phuket. The agreement covers 633 units under two brands – Dusit Residences and a Dusit Collection Hotel. An opening is planned in 2027 with a key highlight being an EDGE environmental certificate. VillaCarte Group has […]
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Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
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The C9 Sessions – Understanding Thailand’s Hotel License Regime and Procedures for Branded Residences, Condo Hotels, Mixed Use Projects and Vacation Rentals

Category: Hotels|Real estate, Posted:13 May 2024 | 16:39 pm Branded residences, condo hotels, mixed-use projects, and vacation home rentals are becoming a significant player in Thailand’s hospitality space. As property developers, real estate investors, and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute co-working lunch learning session about all the moving parts in […]
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