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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.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: , Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: , Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]