Thursday 8 May 2008
Real Estate is one of the most regulated industries in Thai country.
Strict zoning regulations, issued in 2006, the development of new projects more expensive and more time to complete. These arrangements include the floor area ratio; gross building area per area ratio; open space ratio and open space per gross building area ratio.
Meanwhile, the Environmental Investigation Agency has tightened. This change in attitude is a lot of residential projects, because the environmental impact assessment (EIA) approval process is time consuming. This can lead to a significant reduction in the IRR for the project.
If the developers are required yield, the increased costs are finally to the customer.
The natural resources and environment committee also the laws for environmental investigation agency. The main differences are:
-- The new EIA criteria applies to all buildings with more than 2000 square meters.
-- The new criteria applies to projects that more than 10000 sq. m.
-- Projects with 250 sites or more, or an area more than 100 rais are also included in the EIA.
We recommend the establishment of a "one-stop service for a shortening of the periods for which a permit can be granted, and under which a ageancy submission of the EIA can take place. These measures will be the process more convenient and reduce the cost of construction . It is already a proven example of one-stop service within country with the Thai Industrial Estate Authority of Thai country.
Monday 5 May 2008
50 Swedish Home Buyers cheated to millions in Thai country
Up to 50 Swedish families and the disabled were cheated in a property scandal in Thai country. The investors have a dream of peace in Paradise in Bang Phra, but according to the Swedish tabloid Expressen they lost millions Swedish crowns in deals with the Thai Care, a company dominated by the Swedish citizens Mr. Curt Timhede.
The sale of three-room apartments and villas in the year 2006. Costumers liked what they saw at exhibitions and the Thai Care website. Swimming pool, rehabilitation centre, Schneider, security, everything was designed, suitable for families with children, people with disabilities and the elderly.
The buyers felt safe with the Swedish-speaking sales staff. And happy they made the necessary payments forward to get closer to their dreams.
According to Expressen, the money goes, started the same year in which each signature to a buyer followed with a deposit of 100000 crowns up to 1,000,000 million. The sale continued, and so the money goes, held in 2007.
Expressen called a total of 30 million Swedish crowns.
The first apartment was promised, ready in the middle of the 2006 / 2007 season. But a month after the other went by and nothing happened. At that time, the buyer will not worry about the financial disaster.
Curt Timhede had to Expressen, formerly declared bankrupt three times in
To the Swedish tabloid newspaper he insists that it is not only customers were lured. He is innocent. His other people, destroyed the project.
Mr Timhede claims that he was betrayed by his Thai partners. Partners, he had to participate because it is illegal for foreigners to own land in the Kingdom. The Swedish businessman says that the problems are rooted in cooperation with a riddle Thai woman he had known for several years.
Mr Timhede that his sons are Swedish citizens like himself, and the Thai woman registered a company. And again, after the Swede, and the Thai woman faked husband Mr Timhede. Suddenly, the Thais had total control.
If there was even the slightest hope, among the buyers at least some of their money back, it is now forever gone.
The official papers in the country in Thai Land Department, says very clearly that the ownership of the land is taken from the bank, rent, the money at the beginning of the project.
Friday 2 May 2008
Thailand has the second largest economy in Southeast Asia and is one of the world's leading food exporting countries
International visitors to Thailand will reach 15.7 million in 2008
in 2006, with 0.76 million in 2005. Meanwhile, tourist arrivals from
Tourism Authority of Thailand (TAT) believes that foreign visitors will be 14.8 million in 2007 and 15.7 million in 2008. Tourism in
Thursday 1 May 2008
Train routs to Bangkok airport is scheduled to launch in December
New dates opening movement of high-speed train from
Aboveground line length of
At the first parking for 200 cars, the second will be given to passengers arriving in
In Bangkok, there will be Champs Elisees
In the capital of
Mr. Surapon considers it necessary to turn
Wednesday 30 April 2008
Massive Nordic boom set to hit resort towns
The company's managing director, Patima Jeerapaet, said Swedish investors figure dominate in the list, followed by Finns.
The main residential projects developed by Scandinavian investors include resorts, villas and condominiums at tourist hotspots.