THE head of a real estate association today (Nov. 4) said allowing foreigners to buy one rai of land under a new ministerial regulation still being vetted is unlikely to motivate them to do so because of difficult procedures and it would be better to extend their leasehold rights from 30 to 50 years,
Real estate
Prayut supporter Pareena against allowing foreigners to own land
JOINING THE chorus of criticism on the government having approved in principle the drafting of a ministerial regulation allowing foreigners to buy maximum one rai of land for residential purposes conditional on investing at least 40 million baht for minimum three years is Prime Minister Prayut Chan-o-cha’s staunch supporter Pareena Kraikupt, Naewna newspaper said
Read moreBank coughs up 2.2m baht for seizing wrong house
GOVERNMENT Savings Bank yesterday (Oct. 4) agreed to pay 2.2 million baht compensation to the owners of a house their contractor had wrongfully seized and renovated plus put a for sale sign upfront and in doing so destroying many objects of sentimental value, Sanook.com said. Mr. Ronnarong Kaewpetch, chairman of the Network to Reclaim
Read moreBank explains seizing wrong house, holding talks today
GOVERNMENT Savings Bank last evening (Oct. 3) clarified the seizing of a wrong house in Pathum Thani on Sept.5 pointing out that it had apologised to the owners and had renovated it for resale prior to the mistake being discovered, Sanook.com said. The bank said it had purchased house number 99/44 located in a housing
Read moreBank mum on 2m baht claim for seizing the wrong house
AN UNNAMED bank has so far not paid any compensation to the owner of a house in Pathum Thani which they seized by error on Sept. 5 when their contractor removed all the belongings, locked the gate with a padlock and put a for sale sign on it, Sanook.com said today (Oct. 3). Mr.
Read more6 held for looting 384-room luxury hotel on Koh Samui
KOH SAMUI police arrested six suspects on the charges of looting a 384-room luxury hotel that was newly-constructed and decorated before the Covid-19 pandemic hit then remained shut as tourism took a downturn, Matichon newspaper said this afternoon (Sept. 5). Mrs. Yomana Poolsawat, the owner of Chaweng Blue Lagoon Hotel, The Teak Wing, in Bophut
Read moreChadchart orders action on leaning shophouse
BANGKOK GOVERNOR Chadchart Sittipunt has ordered the Public Works Department to find out why a shophouse at the entrance of Sukhumvit Soi 101/1 is leaning and also asked the Engineering Institute of Thailand to help out, Matichon newspaper said this evening (August 22). Speaking at True Digital Park Chadchart said the building had clearly
Read moreSchool’s in, face-to-face learning shifts to the home
EDUCATION throughout Thailand during the last few years of the Covid-19-inspired ‘Zoom Boom’ has largely taken place in a virtual classroom. But for many, remote learning has not been an effective substitute for face-to-face lessons. Growing frustration by online students and teachers who feel unable to connect in the fragmented and often disrupted cyberspace
Read moreFormer head of Krisda Mahanakorn property giant gets 860 years in jail
THE former top executive of Krisda Mahanakorn was sentenced to 860 years in jail by the Central Criminal Court for Corruption and Misconduct Cases today (August 19) on money laundering charges with five other defendants including his son also given lengthy jail terms, Matichon newspaper said. However as the maximum imprisonment is 20 years
Read moreNew-look ‘Queen Sirikit Centre’ to reopen on Sept. 12
AFTER a big expansion and renovation that stretched for three and half years and cost 15 billion baht, the Queen Sirikit Convention Centre is now ready to reopen on September 12, Matichon newspaper said this evening (August 18). The centre is now five times bigger with total area increasing from 65,000 sq. metres to
Read moreCondo owner fined over 140,000 baht for keeping a pet in the unit
GOING viral on Thai social media today (August 14) is a condo owner being ordered by court to pay a fine of 141,500 baht to the juristic person for keeping a pet in the unit in violation of the regulations, Sanook.com said. Drawing attention to this case was PropCons web page which runs stories
Read moreThai, foreign investors eager to buy hotels in Bangkok, major tourist cities
AS a result of tourism having improved in the first half of this year both Thai and foreign investors are now keen on buying hotels in Bangkok and four key tourist cities, Phuket, Samui, Pattaya and Chiang Mai, with several deals having already been concluded, Matichon newspaper today (July 27). Mr. Phattarachai Thaweewong, research director
Read moreThailand to offer land ownership to lure wealthy foreigners
By Reuters and published by The Straits Times THAILAND will allow foreigners to fully own land for residential use, a government official said on Friday (July 15), seeking to boost its economy by attracting a million new big-spending residents from overseas. Thailand has for decades been a popular expatriate destination for investment, retirement and
Read moreTownhouse’s balcony extension collapses injuring teen girl
A BALCONY extension of a townhouse in Nonthaburi province suddenly collapsed this afternoon (July 6) injuring a teen girl who had dropped by to visit the owner’s daughter, Matichon newspaper said. Upon arriving at the Chuan Chuen Modus Centro estate in Soi Chaengwattana-Pak Kret 41, Pol. Lt. Col. Nattapon Inruangsorn found large metal beams
Read moreDSI moves to seize 1bn baht assets from Chiang Mai, Krabi condo developer
THE DEPARTMENT of Special Investigation (DSI) today (June 24) raided the office and residence of a condo developer in Chiang Mai and gathered documents to seize assets worth 1 billion baht over fraud charges in the development of projects in this northern city and Krabi, Naewna newspaper said. Mr. Traiyarit Temhuong, DSI’s head, said the
Read moreRenowned real estate executive Nigel Cornick launches development partnership in Thailand
Property expert with THB45 billion track record in completed luxury condominium projects returns to help industry navigate new market challenges and opportunities ONE OF Thailand’s most renowned real estate personalities has established a new development partnership to guide developers and owners through market challenges and allow them to maximise the potential of their assets. Far East Consultants
Read morePosh residences at The Whiteley in London being launched here soon
BEING launched in Bangkok on June 30, 2022 is the new world-class residences at The Whiteley, in London’s Bayswater, with Savills Thailand giving buyers here the first chance to purchase an apartment in the grand reimagining of the former Whiteleys department store. Designed by world leading architects Foster + Partners, The Whiteley brings together new,
Read moreTraders shocked by lighting closure of Chiang Mai shopping mall
DISMAY spread across Chiang Mai city today (May 5) after the lightning closure of the popular Promenada Resort Mall with store operators taken aback because they had not been given advance notice and suddenly had to pack their goods and leave, TV Channel 7 said. Particularly badly hit were those who had brought fresh
Read moreTenant from hell leaves house full of trash, steals fixtures
A LANDLORD in Ratchaburi province warned others to beware of getting a nightmare tenant as hers had left her house after a lengthy legal battle without clearing owed rent and full of rubbish while also stealing fixtures, Sanook.com said today (Apr. 16). Writing about the damage she suffered was Ms. Chommanard Lebkhurt on her Facebook
Read moreLegendary Korat hotel being sold after coronavirus severely hit business
JOINING the ranks of hotels put up for sale in Nakhon Ratchasima province (Korat) after the coronavirus pandemic caused business to plunge sharply is one that had been operating for 30 years and had a massage parlour on its top-most 12th floor, Amarin TV said today (Feb. 5). Pegasus Korat Hotel, located on Mitraphab
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