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Phuket firm charged with encroachment on Yao Yai Island

The state prosecutor’s office has charged the owner of a Phuket company with conspiracy to encroach on state land on Yao Yai Island in Phang Nga Bay, the ‘Phuket Gazette’ has reported.

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The state prosecutor’s office has charged the owner of a Phuket company with conspiracy to encroach on state land on Yao Yai Island in Phang Nga Bay, the ‘Phuket Gazette’ has reported.

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Phuket firm charged with encroachment

Thailand Investment

Although the current outlook for Thailand property has taken a knock and the current political situation needs to be followed closely by potential Thailand property investors, the country’s property market should not be overlooked.

Thailand is member of the ASEAN (Association of Southeast Asian Nations) trade bloc and has free trade agreements with India and China, two fast-developing economic powerhouses. Consequently, many multinational companies are using the country as a regional base for its operations or a place to station employees who travel around Asia. Foreign investment in Thailand is constantly expanding, supporting the strong economic growth of the country.

Compared to 1997 Real estate companies are able to respond much more quickly to changes

Factors that indicate the 2008 Thai real estate market is not experiencing a bubble- like boom include:
1. Property prices have not changed dramatically in most areas.
2. Interest rates are continuously rising In the overall housing market, speculation is not significant even though there is some speculation in condominium markets and tourist area properties.
3.Low consumer confidence because of unstable political and economic environments.
4. Global Financial Crisis discourages overall property speculation

Phuket firm charged with encroachment

Falling consumer confidence : The slowing global economy together with unstable local political and economic environments will result in falling consumer sentiment and confidence in Thailand. Consumers will delay home purchases because they will be unsure of current and future incomes – directly affecting real estate demand. The general public will also begin losing confidence in the financial sectors, although not as severely as in foreign countries. Lower construction costs : The slowing global economy will result in lower construction materials costs as global demand for these materials decreases. Investors and speculators become sellers : Although current investment and speculative demand is still low, it is prevalent in some condominium-markets and tourist- property categories.Speculators expect to generate profits from price appreciation. If prices do not appreciate as expected on Thai Real Estate Market, they become sellers.

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Real Estate

Where to live in Thailand ? The best places for residential properties

From villas for sale in seaside resorts to condos for rent in Bangkok, the real estate market in Thailand is characterized by its many and varied offers.

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The real estate market of the Land of Smiles is characterized by its many and varied offers. It is hard to decide between the many villas for sale in the seaside resorts or the condos for rent in Bangkok. 

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Real Estate

Asia Pacific to outperform other regions in 2020 for real estate investment

Investment in Asia Pacific real estate has reached US$125 billion in the first three quarters of 2019, up 10 per cent year-on-year, and is set for another strong year in 2020, says JLL.

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According to the real estate consultancy, foreign investments into Asia Pacific are at a decade-high, making up 35 per cent of total volumes, mostly driven by private equity funds and large-scale transactions.

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Investment

Asia Pacific REITs raise a record amount of US$14 billion in 2019

REITs in APAC have raised over US$14 billion so far in 2019, surpassing the previous record of US$13.8 billion in 2013, according to JLL data.

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Real Estate Investment Trusts (REITs) in the Asia Pacific region have raised a record amount of capital this year, as investors sought more defensive, yield-based stocks amid growing global economic and political uncertainty.

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