Land sales in Thailand drop
Hemaraj Land and Development Plc (HEMRAJ), Thailand’s largest private industrial land developer, expects its 2009 land sales to slump by two-thirds of last year’s figure, says president and CEO David Nardone. Hemaraj sold 1,621 rai of industrial land in 2008, but this year the company is targeting only 500 rai, because of the global downturn’s […]
Marina and Villa developments in Phuket
Phuket is known for its magnificent buildings and other five star resorts. Most importantly, Burj-al-Arab is known to have absorbed gazes and hearts of every person in the whole world. Whoever, sees it, dies for it. Now, in Thailand, private islands have been decorated with beautifully constructs depending on 5 star hotels Phuket and beach […]
Thai Property Reduction of Transfer Fees
The property stimulus package has also reduced the transfer fee for property transactions from 2% to 0.01%. This is a large transfer fees reduction and is likely to have the most impact compared to the other measures. This is significant as this will benefit both the property developer and property buyer alike as this cost […]
