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Thai Tax Incentive Boosts Inland Island Properties

Category: Real estate, Posted:21 Sep 2011 | 05:49 am

News that the Thai cabinet has approved a tax deduction up to THB500,000 for first-time homeowners is expected to ramp up domestic demand.
Under the government sponsored program new properties up to THB5 million will be eligible with a sliding income tax deduction capped at 20% of the property over five years.
Additionally a tax deduction on home mortgage payments will apply up to ten percent.
The program is expected to roll out shortly and have an initial term of one year.
Thai listed developers have been scooping up inland Phuket land parcels this year.
Expect the domestic property sector to be the short to medium term property play in coming year.

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New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
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Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
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Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
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