Foreigners bought fewer units in 2021, but spent more, survey finds
A recent survey by the Government Housing Bank’s Real-Estate Information Centre (REIC) found that though fewer properties in Thailand were bought by foreigners last year, the value of the units they bought was significantly higher. According to the survey, a total of 8,198 units were sold to foreigners in 2021, marking a 1.1 per cent drop from 8,287 units sold the year earlier. However, the value of the units bought by foreigners rose 5 per cent year on year to 39.61 billion
5 Most Strategically Located Countries in Asia
Geography plays an important role in any country’s success. From natural disaster risk to trade accessibility, location often defines a nation’s growth potential. For example, landlocked nations are severely limited by their lack of access to the ocean. They rely on a neighboring port to access global shipping lanes. As such, industrialization proves very difficult for them. Likewise, Indonesia and the Philippines are located entirely in high earthquake risk zones. Countries
Thailand Issues New Incentives to Attract Foreign Investors, Professionals, and Retirees
Foreign investors, professionals, and retirees will be able to enjoy a number of new incentives in Thailand, as the government seeks to attract high-earning overseas residents to help the country’s COVID-19 recovery. Thailand’s cabinet passed a resolution on September 14, 2021, introducing immigration, tax, and land ownership incentives aimed at foreign investors and skilled professionals. The incentives are part of an effort to stimulate Thailand’s economy which has been bad
How Much Land and Building Tax in Thailand, Do We Pay in 2021?
The government has announced a resolution to reduce the land and building tax rate in 2021 by 90%, and will only collect 10% of the actual tax rate for agriculture, housing, commercial and other industrial land use, and unused/vacant land. Land for Agricultural Uses or Agriculture If the owner is an individual, the first 3 years from 2020 to 2022 will be exempt from taxation. However, if the owner is a juristic person, they must pay tax at the rate of 0.01%. For example, if a