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120
Health Six Dead as Covid Cases Surge in Thailand
Not if you wear your mask take your shots and live in a hermetically sealed bubble 😋 -
9,647
Electric Vehicles in Thailand
Don’t laugh, my son in Australia pays a subscription for toys for his daughter… I think it’s Aud$200 every 3 months but don’t quote me on that bit. The toys are replaced/upgraded every 3 months… 🤷🏼♂️ -
192
Thailands number 1 forum improves by leaps and bounds since Thaiger takeover.
And what is the difference for you personally if post ONE or thousands of posts?? The honoured badges 😂🥰🤗??? -
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Economy Land and Building Tax Pressures Prompt Property Shifts in Thailand
File photo for reference only Thailand's land and building tax continues to exert pressure on outdated and less competitive properties, driving many owners to sell or lease assets in the tourism market. This trend is particularly evident among older offices, apartments, and hotels, which face heightened financial burdens due to the tax's calculation based on appraised property values. Wutthiphon Taworntawat, managing director at UHG, notes that the tax has led many landlords to reconsider their property strategies. For older hotels and apartments, the decision to lease or sell becomes increasingly attractive when faced with high renovation costs and limited financial returns. Smaller hotel operators, especially those with just one or two properties, are opting out of the market as their scale proves unsustainable in the current climate. Office landlords also contend with the challenge of attracting tenants amid an oversaturated market offering more competitive options. UHG is engaging with landlords of outdated properties in city fringe areas, planning to convert them into modern hotels through long-term leases and renovations. Phattarachai Taweewong from Colliers Thailand underscores the strategic timing for hotel owners to sell, with tourism recovery elevating property values. By selling now, owners can bypass renovation expenses and reallocate assets, reflecting a shift from viewing hotels solely as income sources to actively managed investments. In markets such as Bangkok, Pattaya, Chiang Mai, and Hua Hin, the need for major renovations is prompting asset sales, aided by the robust tourism sector. The fixed nature of the tax forces owners to reassess property utilization, potentially leading to more property transfers or repurposing this year. Large assets taxed at commercial rates face increased pressure, especially without income or renovation plans. Rising costs and competition from new developments further impact yields and long-term viability. Surachet Kongcheep from Cushman & Wakefield Thailand highlights that many hotel owners, having endured multiple crises, are considering exiting the business, particularly if recent earnings have fulfilled investment objectives. Satisfied with offered prices, some owners choose to sell, a trend that has accelerated post-pandemic amid financial struggles. Thailand's hospitality sector has historically faced numerous challenges, with hotel room rates struggling to climb significantly due to recurring political uncertainties and crises. As the market begins to recover, this history of volatility continues to influence ownership decisions, leading some to seek more stable investment opportunities. Adapted by ASEAN Now from Bangkok Post 2025-05-13 -
120
Health Six Dead as Covid Cases Surge in Thailand
Not necessarily, most were in all sectors from construction to factory working to civil service. These were formerly pillars of the domestic economy which were not significantly impacted by climatic or political events such as the 2011 floods or the 2014 coup. But the Covid crisis left them unable to pay installments, following which they borrowed from banks and then loan sharks, and they still have their head underwater. Not to mention the failing health of many of them since they took the shots. The current government's focus on tourism is boosting numbers on a macro level, but not helping mainland Thailand. -
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Starmer: Migrants Face 10-Year Wait for Citizenship Without 'Real Contribution'
Many born and bred Brits would struggle to pass the A! level test.
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