Connect with us

Real Estate

Real Estate appraisal delayed by flooding

Deputy Finance Minister Wirun Techapaiboon has revealed that the new list of property appraisal prices, which was scheduled to be announced in January this year, has been delayed by another six months due to the flood crisis in 2011.

Daniel Lorenzzo

Published

on

Deputy Finance Minister Wirun Techapaiboon has revealed that the new list of property appraisal prices, which was scheduled to be announced in January this year, has been delayed by another six months due to the flood crisis in 2011.

According to Mr Wirun, the land and building price estimates for 2008-2011 would remain to be announced until the end of June this year, after the nation faced with the flood devastation in 2011.

Because of the impact from the flood crisis, the Treasury Department asked the committee on land and building appraisals to delay the enforcement of new price appraisals by another year, but the committee agreed to an extension of only six months.

The committee realized that the flood has created huge effects on the whole economic system and many people, both directly and indirectly. The delay in the enforcement of new price appraisals will, therefore, relieve the public of higher housing transfer and registration fees which will usually go up in accordance with new price appraisals.

Mr Wirun added that the delay will also help stimulate the real estate sector. He insisted that the delay in the enforcement of new price appraisals for lands and buildings was the decision of the committee involved, which is an independent agency, and had no hidden agenda.

via Finance Ministry: Real estate appraisal delayed due to economic impact from big flood : National News Bureau of Thailand.

Comments

Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

Published

on

Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

(more…)
Continue Reading

Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

Published

on

iStock-1135535759.jpg
Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

(more…)
Continue Reading

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending