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51
Thailand Considers Law Revisions to Attract Foreign Real Estate Investment
Yes; Your 30 million baht investment is all gone once your 30 year expires. It's not really an investment, it is paying rent for 30 years up front. In addition, if the land owner dies or sells the land, the new owner is not bound by the lease because it is a contract between two parties and not automatically binding on new owners. It might say that it is in the agreement and it might also say you have an option to renew but the Land Department is not empowered to enforce anything but the basic Land Code provisions and what is registered at the Land Dept and written on the title deed. The Land Dept is not allowed to register the lease agreement or any details over and above the provisions of the Land Code. This all means that you cannot go to court and get the Land Dept to enforce provisions like registering a new lease for you, based on an option to renew or bind a new owner to the terms of the lease agreement. What you can do, is sue in the civil court for financial damage caused by the other party reneging on the lease agreement. So you have to present evidence of the financial damage, e.g. the cost of new lease. However, if the land owner is dead or is a company that is bankrupt or dissolved, it will be difficult to sue. Basically lease law needs to evolve a lot more before it is an attractive alternative to freehold, not just extend the time period allowed. However, their are loads of farangs who have chucked away their money signing 30 year leases. I know someone who bought the family home, a nice condo right in the CBD with about 25 years to run on a 30 year lease on the basis that the owner, a prominent institution in Thailand, had given verbal assurances that the leases could be renewed for another 30 years. The units were sold at auction and the sellers came up with that tall story . Friends advised not to buy or accept that it would not be renewable. Anyway the long and the short is that the lease expires next year he is now looking for a new family home. -
246
BREAKING NEWS Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.
Well Scottie if the English invade Scotland now how would you react ? -
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THAILAND LIVE Thailand Live Monday 18 November 2024
Challenges Charging Thailand's Electric Vehicle Ambitions Despite Chinese Investment File photo for reference only Thailand's electric vehicle (EV) industry is experiencing dark clouds of uncertainty amid the bright sparks of innovation and development. An initial surge in EV adoption has been marred by disappointing domestic car sales, sluggish economic growth, hampering household debt, and competitive pricing wars. While Chinese EV manufacturers are keen to tap into Thailand's potential, the comparatively high production costs present significant obstacles. Full Story: https://aseannow.com/topic/1343905-challenges-charging-thailands-electric-vehicle-ambitions-despite-chinese-investment/ -
104
Who's Gonna Win The Tyson Fight?
Or, put a different way...using... Geek-Speak: Just two BOZOs... Nothing to see here.... -
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Challenges Charging Thailand's Electric Vehicle Ambitions Despite Chinese Investment
Thailand's electric vehicle (EV) industry is experiencing dark clouds of uncertainty amid the bright sparks of innovation and development. An initial surge in EV adoption has been marred by disappointing domestic car sales, sluggish economic growth, hampering household debt, and competitive pricing wars. While Chinese EV manufacturers are keen to tap into Thailand's potential, the comparatively high production costs present significant obstacles. The Federation of Thai Industries (FTI) has revised its projection for new EV registrations in 2024, down to 80,000 from an intended 100,000. This figure reflects the sluggish state of the country's automotive industry and the overall economic stagnancy. Between January and August, Thailand saw approximately 48,000 new EV registrations, an 11% increase from the previous year. However, this progress still falls short of the initial target, and mirrors the nation's broader economic challenges. Given the disappointing figures, the Automotive Industry Club has reduced its car manufacturing ambitions for 2024 to 1.7 million units, down from the initial target of 1.9 million. Interestingly, Thai consumers are reaping the benefits from the EV price war, cashing in on significant tax breaks and incentives, particularly from Chinese brands. China's dominance in global EV battery production aids in cutting costs dramatically. Still, some manufacturers, such as Changan Automobile, voice concerns over the price war's potential damage to brand trust and consumer confidence in EVs. Not all are concerned though. Luxury car giant, Mercedes-Benz (Thailand) seems quite aloof about these conflicts. Their distinct target market allows them to remain unmoved even as the EV market whirls around them. However, for Chinese investors looking to exploit Thailand's potential, the cost of local components and energy may pose significant challenges. Despite these obstacles, Changan plans an ambitious investment of 10 billion baht in Thailand by 2025, with an aim to roll out 100,000 EVs annually. Certainly, as the EV industry navigates these challenges, Thailand's dreams of becoming an EV powerhouse will be tested. The ability to weather economic uncertainties and pricing pressures will undoubtedly be essential for long-term success in this automotive race. File photo for reference only -- 2024-11-18 -
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Taking Someone Home: Ever Reach Down and Get an Unexpected Surprise?
What a queer response! -
149
Why do so many Thai prostitutes marry their customers?
There are 1000 reasons why a marriage might not work out that have nothing to do with a girl being a former bargirl.
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