
Image taken on 2005-07-10 07:46:15 by quite peculiar.
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Whats affecting the Thai Property Market?
There are many people asking the question why has after a step and prolonged rise in the Bangkok property market are prices slowing? There are a number of factors, usually these are attributed to rise in interest rates or slowing of the economy but in the case of foreign buyers these factors hardly contribute to their purchases. In September 2006 the Thai military staged a popular coup to depose the popular but corrupt Prime Minister Mr.Thaksin.
‘The coup caused little stir in Bangkok’s popular tourist districts, where foreigners packed beer bars and cabarets just a few miles from where the tanks were posted’, AP reported
Many thought this would have an effect on foreigners buying property in Thailand but the opposite occurred more deals went through. However many thought the draconian visa rules would be relaxed but they were not, ‘The Thai government on Friday announced new visa regulations for tourists limiting the foreign visitors to a maximum stay of 90 days each every six months in order to ease social problems and crime in the country.MCOP reported. This contributed to buyers lessening but not by much. There were also changes made to the company formation where rules were enforced that made buying a house or land under a Thai company, this shook the popular costal resort market greatly. Another event that caused major confusion was the central bank imposed a 30% rule due to capital inflows that meant you had to park this percentage of your funds with the bank for one year.
The Thai government could install confidence again by offering longer lease to foreigners buying land/house as suggested by various chamber of commerce’s, to increase options for visa status of property owners and of course to institute a new democratically elected government.
Atricle by Chris Heath, Soho Properties.
http://www.soho-properties.com
The Samphran Elephant Ground & Zoo is an attraction consisting of a 60-acre park, reserved exclusively for wildlife conservation. Located in Samphran district, which is about one hour’s drive from Bangkok, the Samphran Elephant Ground & Zoo puts on elaborate themed shows presenting acrobatic and entertaining elephants, as well as a popular crocodile wrestling show. These shows take up the morning hours at the zoo, so you can visit the buffet afterwards, to enjoy a scrumptious spread. The elephant show at Samphran Elephant Ground & Zoo includes dancing baby elephants, elephant football, a re-enactment of the Yutha Hathi historical elephant-back battle during the Ayuthaya period, acrobatic entertainment and much more. More than 10,000 crocodiles live at the Samphran Elephant Ground & Zoo, and the majority of them participate in the crocodile wrestling show, which includes a great performance of a master and crocodile battling each other. Other than the shows, visitors can also enjoy elephant-back rides, photography sessions with the animals, feeding and petting the animals and water bike rides along the stream to see catfish. The zoo has been accredited by CITES as one of the cleanest and most impressive public wildlife displays in the world. Besides the entertainment and wildlife preservation sections, the Samphran Elephant Ground & Zoo hosts a massive international cuisine buffet everyday from 11:30 to 14:30 in the afternoon served with traditional Thai hospitality. The Samphran Elephant Ground & Zoo hosts the Jumbo Banquet Ceremony on an annual basis. Held on 1st May between 3:00 pm and 4:30pm, the ceremony features elephants feeding on 6 tons of vegetables and fruits. The ceremony is organized as a means of showing appreciation to the elephants for their efforts throughout the past year. The zoo also hosts a special Children’s Day, where the grounds are reserved for kids’ entertainment throughout the day. From 9:00 am to 15:00 pm, the Samphran Elephant Ground & Zoo provides special shows, free games and activities for children. Since visiting and enjoying the Samphran Elephant Ground & Zoo can take up a whole day or more, you should consider spending the night at a nearby Bangkok serviced residence. These Bangkok serviced apartments provide comfortable accommodation with modern conveniences at affordable rates.
City of Angels-Thailand or LA?
Whenever the name City of Angels is mentioned, most people especially from the west would automatically assume we are talking about Los Angeles in the USA. However, Bangkok or “KrugThep” also has the literal translation of the “City of Angels” and hence is named so. But apart from the high rise properties and skyscrapers, this is where the similarity ends. Bangkok-The City of Angels, located west of the Chao Praya River in Thailand, has a population of approximately 8 million, and with some of the finest examples of modern architecture in the world today, boasts class status and ranks seventeenth in the world’s tallest city.
Goodbye Old-Hello New
The development of infrastructure throughout the city is second to none and has helped Bangkok clear the path to enable its emergence as one of the most dynamic commercial hubs in Asia. A new rapid transport system which includes the ultra-high tech Skytrain has been developed. A new state- of-the-art international airport was also completed last year along with upgrades to high speed global telecommunications and communication networks serving Thailand and the world proudly. A sure reason why investors are starting to raise their eyebrows once again.
Window Shop
Take the Skytrain, the bus or drive around Bangkok and see new development in land and housing created by the influx of new willing investors. Convenience and access is another factor lying behind the interest. Not only amongst business people, but also among private investors. These in turn have lead to the fuelling of high growth rates spurring land price rises from such tiny proportions just a few decades ago, to a fantastic three fold or more in some areas today. With statistics like these, can anyone resist the investment opportunities?
Parts of the city
Although land or properties for sale can be found in just about any one of the fifty districts of Bangkok,
some of its most prestigious names can be found among the likes of MTT,Pra Nakon, Silom, Sathon, Bangrak, Pinklao, Phra Ram 2, New CBD and the Phra Ram 3 Financial Centre. Here as with many other districts contain sales for land acquisitions and include an extensive range of other properties such as high-end sky rise condos with their gorgeous skyline views and other general properties for sale. Whether it be a personal venture or a business venture, or whether it be land or land with properties. Be sure to list your goals and do some homework before climbing the Bangkok property ladder.
Safety before profits
I’d like to say that the days have gone when you could lose fortunes investing in property and land sale scams. It still goes on and they still exist. Which is why, when it comes to “your money”-seeking the most prolific advice possible is an absolute essential! Moreover, like it is anywhere else, it’s sometimes tough dealing with the bureaucracy and the red tape that goes with buying and selling property and land-especially in a foreign language. Companies like Forbest properties based in Bangkok can help you clear these hurdles. They are professionals who know the business inside and out and can help you with all your needs.
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