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Business baffled by gaffes published : 5 Jul 2021 at 05:30 41 A Bangkok parking lot filled with taxis owned by cooperatives, as 2,000 cars were returned by drivers who cannot afford the rental fees. (Photo: Nutthawat Wicheanbut) As both new daily infections and deaths caused by Covid-19 continue to set records, concerns regarding the administration s ability to govern the country have almost reached a critical point. The third outbreak, the largest since the pandemic emerged early last year, is undermining the public health system and slowing economic recovery. As doubts over the government s management of the crisis grow, the outbreak threatens to shake the administrative power of Prime Minister Prayut Chan-o-cha s government. ....
Earlier this month, there was good news in terms of public safety and the urban environment. It was reported that the Office of Natural Resources and Environmental Policy and Planning (Onep) was going to enforce a more stringent environmental impact assessment (EIA) rule for high-rise building developers. ....
Reduced homebuyer fees help market stay active 4 published : 28 Jan 2021 at 09:02 4 A renewal of the reduced property tax measures for another year can help boost housing demand and purchasing power, says a property consultancy, even as the cut in transfer and mortgage fees remains capped at 3 million baht a unit. Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the measures help developers and consumers. The cut in transfer and mortgage fees from 2% and 1%, respectively, to 0.01% should not be capped for units priced 3 million baht and lower, he said. It should be applied to all price ranges, or at least up to 10 million baht. ....
Share Under the proposed three-tier visa system, foreign purchasers of condos worth three-to-five million baht ($100,000-165,000) would get a five-year visa. PIXABAY Long-stay Thai visas proposed for international buyers of $100K condos Wed, 23 December 2020 Thai residency visas for foreigners who invest as little as three million baht ($100,000) in property is among five proposals being considered by the Ministry of Finance. The proposals were put forward by Thai real estate associations in a bid to lift a property sector slumping under the impact of Covid-19. The Housing Business Association, Thai Real Estate Association and Thai Condominium Association (TCA) sent the proposals to minister Arkhom Termpittayapaisith on December 9, TCA deputy chairman Chairat Thampeera revealed on December 17. ....
Real estate players want tax perk continuation published : 17 Dec 2020 at 04:00 10 The government should extend the property tax incentives that expire on Dec 24, temporarily revoking the lending curbs to provide a longer visa for foreign buyers, which would support the housing market in 2021, say three real estate associations. Chaiyarat Thampeera, a director of the Thai Condominium Association, said the government should offer incentives to help the economy and the property sector during the downturn. Measures that are about to expire should be extended or reused to refresh consumer sentiment amid this slowdown, he said. Among them are property tax incentives a cut in transfer and mortgage fees to 0.01% from 2% and 1%, respectively, for new residential units priced 3 million baht and lower, which runs from Oct 22, 2019 to Dec 24, 2020. ....