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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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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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