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Elderly residents filled up an indoor sports stadium in Phuket on Monday as thousands rushed to receive Covid-19 vaccines. (Photo by Achadtaya Chuenniran) Economic and tourism recovery driven by vaccinations will help revive the sluggish property market in tourism-reliant provinces which have been hit hard since the spread of Covid-19.Vichai Viratkapan, acting director-general of the...
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The fresh investment measures including a sweeping plan to allow rich foreigners to enjoy a long-stay visa for up to 10 years, own land and property, and pay a 17% personal income tax on local earnings are yet to be settled, as the Finance Ministry is still resisting the thorny tax reduction proposal. The government...
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Ms Abdullah says hotels have to rely on the domestic market for the rest of this year as international tourists may not arrive until the fourth quarter. Oakwood's extended-stay business model has helped it withstand the lack of international arrivals as it remains on pace to have 12 properties in its Thailand portfolio by 2023."Our...
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Developers take cautious approach Several significant projects delayed An artist's rendition of the Golden Neo Khon Kaen - Bueng Kaen Nakhon project that Frasers Property Thailand launched on May 8. Property developers have become more careful in launching new residential project this year and are focusing on segments where demand is strong as the daily...
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Workers spray disinfectant inside MBK shopping centre which is helping tenants by charging them for water and electricity only. Many shopping centre operators have extended their relief measures to help enable tenants to continue with their businesses amid the unabated Covid-19 crisis.Somphol Tripopnart, managing director of shopping centre business at MBK Plc, the operator of...
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