Real Estate
Chiang Mai luxury housing Jirung Residences unveiled
Wat Den Sa Lee Si Mueng in Chiang Mai The owners of the Jirung Health Village in Chiang Mai, Jirung Group, intend to develop 53 Colonial Lanna-style houses in a luxury housing estate next to the health village. Houses in the THB400 (US$13 million) million project will cover 70 square wah of land and prices will start from THB4.6 million (US$150,571). Jirung Residences will target high-income Chiang Mai locals and people from Bangkok looking to retire to the peaceful Mae Rim area.
Wat Den Sa Lee Si Mueng in Chiang Mai The owners of the Jirung Health Village in Chiang Mai, Jirung Group, intend to develop 53 Colonial Lanna-style houses in a luxury housing estate next to the health village. Houses in the THB400 (US$13 million) million project will cover 70 square wah of land and prices will start from THB4.6 million (US$150,571). Jirung Residences will target high-income Chiang Mai locals and people from Bangkok looking to retire to the peaceful Mae Rim area.
Here is the original post:
Thailand Condo – Jirung Residences, Chiang Mai unveiled
Thailand Property Outlook
Economic fundamentals remain strong and Thailand continues to be an attractive place to do business. The government’s GDP growth forecast for 2010 was recently increased to 6.5%-7.5% on the back of continued strong export growth and sustained domestic demand. The currency and the stock market are at all-time highs. This strong rebound is again proof of the resilience of the Thai economy to the political uncertainty. Indeed, a more strategic approach to managing Thailand’s image overseas is required if Thailand is to remain competitive and thrive in the region. Much like how Investor Relations Departments function in companies, a single government spokesman should be given responsibility and be held accountable for managing the perception of Thailand around the world.
Some observers are concerned that the global financial crisis may affect the Thai real estate market. Generally, a real estate bubble occurs when property prices rise quickly in a short period, primarily from speculation – resulting in a supply-and-demand imbalance. When property prices are rising faster than the cost of money and banks continue increasing loan-to-value ratios, funding becomes easier – propelling additional speculation.
Land Ownership: In general, non-Thai businesses and citizens are not permitted to own land in Thailand unless the land is on government-approved industrial estates. Under the 1999 amendment to the Land Code Act, foreigners who invest a minimum of 40 million Baht (approximately US$1.2 million) are permitted to buy up to 1,600 square meters of land for residential use with the permission of the Ministry of Interior. If the required land is not used as a residence within two years from the date of acquisition and registration, the Ministry has the power to dispose of the land.
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.

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

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.

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…)-
National6 days ago
Thai cabinet allows illegal migrant workers to sign up for 2-year work permit
-
Tourism6 days ago
Thai Government imposes ban on gatherings over New Year 2021 holidays
-
Economics4 days ago
Thai Exports to grow 4% in 2021
-
Health22 hours ago
Thailand strengthens COVID-19 control measures