Investing in Thailand Office Space & Buildings: A Complete Guide

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Bangkok is the most visited city in the world and attracts everything from leisure travelers to investors. Most of Thailand’s office space is allocated to the capital where multinational banks like J.P. Morgan and startups alike have offices.

While prime office space is found in the central and extended business district, we also see upcoming areas in suburban and fringe areas.

That said, when looking at buying regulations and bureaucracy, investing in office space in Thailand can indeed be challenging for some foreign investors.

In this article, I explain the basics you need to know when buying office space and buildings in Thailand.

Topics covered:

  • Can foreigners buy office space in Thailand?
  • Thailand’s Office Market
  • Areas to Invest in Office Space
  • Taxes
  • How can I find office space for sale in Thailand?

Can foreigners buy office space in Thailand?

Foreigners are allowed to own so-called strata-titled units in Thailand, which typically include condominium units and strata-titled office units.

According to Thai laws, 49% of the units in a project can be owned by foreigners while the remaining 51% have to be allocated to Thai citizens. Continue reading Investing in Thailand Office Space & Buildings: A Complete Guide

Buying a Condo in Hua Hin: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

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You often come across investors and locals in Thailand that plan on going to Hua Hin for a weekend or longer. Some of them even reside in Hua Hin and just visit other cities over the weekend.

Hua Hun is famous for being a relatively small city with beautiful beaches, allowing foreigners and locals to recover from the hustle and bustle in the capital.

With a great interest in Hua Hin real estate, I decided to write this article where I explain the basics when buying properties in Hua Hin.

Topics covered:

  • Hua Hin’s Property Market
  • Best Areas to Buy Property in Hua Hin
  • Condo Projects in Hua Hin
  • Hua Hin Real Estate Agents
  • Benefits of Living in Hua Hin

Hua Hin’s Property Market

Hua Hin is strategically located a couple of hours’ drive away from Bangkok, making it attractive to foreign buyers and locals alike.

This is a benefit as the local market not only relies on foreign investments, like in Pattaya Continue reading Buying a Condo in Hua Hin: A Complete Guide

Buying Property in Pattaya: The Basics You Need to Know

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Pattaya is one of the biggest cities in Thailand and has attracted many foreign buyers in the past decade.

With property prices lower than Bangkok’s and located right next to the ocean, some foreigners simply prefer to invest here.

The city is the second most popular for foreign visitors after Bangkok and has become one of the favorite spots for retirees and young investors who struggle with expensive property prices at home.

Due to the increased interest in Pattaya property, I decided to write this article where I explain the basics when buying real estate in Pattaya.

Topics covered:

  • Can foreigners buy property in Pattaya?
  • Pattaya’s Real Estate Market
  • Buying a Condo in Pattaya
  • Condo Prices
  • Buying Property in Pratumnak
  • Buying a Jomtien Beach Condo
  • Pattaya Property Agents

Can foreigners buy property in Pattaya?

Foreigners are treated in the same way as in other parts of Thailand and we can own 49% of the units in a strata-title (condominium) project, as well as residential physical structures (villas). Continue reading Buying Property in Pattaya: The Basics You Need to Know

How to Buy Land in Thailand: A Complete Guide

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Foreign developers and overseas corporations typically look for land and/or hotels in Thailand. Industrial real estate is also targeted by investors who set up manufacturing or assembly operations locally.

It’s not strange, as Thailand has one of the biggest economies in Southeast Asia and attracts tens of millions of travelers and workers each year.

In the past years, land prices have increased much in the greater Bangkok area. This is contrary to Japan, where land prices have fallen since the early 1990s.

With that said, acquiring land in Thailand can be a time-consuming process with many potential pitfalls. It’s crucial that you work with a reputable partner that has experience in catering to foreigners.

In this article, I explain how foreigners can buy land in Thailand and what you should pay attention to.

Topics covered:

  • Can foreigners buy land in Thailand?
  • Title Deeds Available in Thailand
  • Common pitfalls when buying land in Thailand
  • Thailand Land Prices

Can foreigners buy land in Thailand?

Foreigners are not allowed to own land in Thailand, this is a common practice in other Southeast Asian countries, including Indonesia, Vietnam, and the Philippines.

With that said, there are ways to at least control land. Let’s review the different options you have.

1. Buying Land With a Nominee

The first option is to buy land with the help of a local nominee. In short, this means that a local citizen keeps the land under his or her name. Continue reading How to Buy Land in Thailand: A Complete Guide

Investing in Thailand Hotels & Resorts: A Complete Guide

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We’ve mostly talked about buying residential real estate previously, covering foreign ownership regulations, taxes, and more. In this article, we take it to another level and review how it works when buying hotels and resorts.

Buying a hotel is generally more complex as the properties are treated as businesses. As such, different regulations apply. The transaction values tend to be higher as well.

In this article, you’ll learn how it works when buying a hotel or a resort in Thailand and the regulations that apply.

Topics covered:

  • Can foreigners buy hotels in Thailand?
  • Foreign Ownership Regulations of Hotels in Thailand
  • How do I get a hotel license in Thailand?
  • Hotel Classifications in Thailand
  • Documents & Information when Buying Hotels in Thailand
  • The Best Cities to Buy Hotels in Thailand

Can foreigners buy hotels in Thailand?

Foreign individuals cannot invest in hotels as we are only allowed to own strata-title units, which are predominantly in condominium projects.

Even if we can buy residential physical structures like villas, we are not allowed to own the land on which these are built on.

Therefore, foreign corporations set up a Joint Venture (JV) with a local partner or a Thai Limited Company (LLC) to invest in hotels.

This generally requires that you apply for a Foreign Business License (FBL) if foreigners own more than 49% of the shares.

Worth mentioning is also that the Board of Investment (BOI) sometimes exempt foreigners from applying for an FBL if you invest in special projects in certain areas.

Foreign Ownership Regulations of Hotels in Thailand

It’s important that you learn about local ownership regulations and find a credible partner before you engage in the commercial real estate market. Continue reading Investing in Thailand Hotels & Resorts: A Complete Guide

Investing in Thailand REITs: A Complete Guide

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Thailand has a comparatively developed REIT market and introduced its first REIT in 2014. Here, you’ll not only find REITs that solely invest in domestic real estate but also REITs with properties overseas.

If you invested in property in Thailand or other Southeast Asian countries, you’re probably aware of the obstacles that foreigners come across.

Not only are there restrictions to foreign ownership, but sometimes to the value of the unit, your residential status, and the list goes on.

Even if it’s fairly straight-forward to buy condominiums and you can get hold of freehold property in Thailand, you should not overlook the benefits of investing in REITs.

Topics covered in this article:

  • Can foreigners buy REITs in Thailand?
  • How can I start buying REIT units in Thailand?
  • Requirements to set up and run a REIT
  • What are the benefits of buying REITs in Thailand?
  • List of REITs in Thailand

Can foreigners buy REITs in Thailand?

Investing in REITs in Thailand is similar to other Asian countries, like Vietnam. The first thing you need is a brokerage account and it’s preferable to work with a local broker. Continue reading Investing in Thailand REITs: A Complete Guide

Thailand Commercial Property Taxes

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Investing in Southeast Asian markets requires thorough research and due diligence as regulations are less transparent and clear compared to developed countries.

Buying real estate in Singapore compared to Vietnam is often a significantly easier undertaking.

Some investors overlook the importance of understanding taxes apply before acquiring property, something that can greatly reduce your expected ROI. Thailand is not an exception.

In this article, I explain what commercial property taxes you have to pay in Thailand as a foreign investor.

What commercial property taxes exist in Thailand?

Thailand has low property taxes compared to neighboring countries. This is one of the prime reasons why it was ranked second in our yearly Asia Property Index, only behind the Philippines. Continue reading Thailand Commercial Property Taxes

Can foreigners buy commercial property in Thailand?

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Thailand has a developed tourism industry and has attracted many foreign companies that outsource assembly operations and that work in other industrial sectors.

Even if we see strong demand among foreigners who wish to buy hotels and resorts, office space and industrial real estate is also on many investors’ radars.

However, there are also many potential pitfalls that foreigners aren’t aware of due to a lack of market-knowledge or that they simply work with the wrong partners.

In this article, I explain how foreigners can buy commercial real estate in Thailand, what the regulations are, what commercial property types are available, and how you can find commercial property for sale.

Commercial Property Ownership Regulations

Foreign individuals have no access to commercial real estate except for strata-titled office units that you can find in a limited number in Bangkok. Continue reading Can foreigners buy commercial property in Thailand?

Top 13 Real Estate Agencies in Bangkok: A Complete Guide

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Bangkok is one of the most visited cities in the world and attracts everything from entrepreneurs, travelers, expats, and retirees.

Even if people claim that you can get better yields when buying a property in places like Cambodia, Bangkok, and Thailand in general, outperforms Cambodia greatly.

In fact, yields are not always the most important for real estate buyers. You always need to consider your risk appetite and personal preferences as well.

With that said, it’s not always easy to find the right real estate agency to turn to for help. Finding a reputable and credible agent is crucial to successfully buy a property.

Therefore, I’ve written this article where I list some of the most popular and credible agents in Bangkok.

1. Colliers International Thailand

Colliers is one of the biggest real estate agencies in the world having 400 offices in almost 70 countries. The head office is located in Bangkok and has a management team of 14 persons, mixed with both Thai nationals and foreigners.

The Bangkok office established in 2007 but Colliers also has a presence in Pattaya and in Hua Hin, employing around 250 people in total.

Worth mentioning is that Colliers has acquired a number of local real estate agencies, including Pasupat Realty Co. Ltd., in 2007, and FirstService in 2015.

Clients of Colliers include Bangkok Bank, Siam Commercial Bank, Siam Piwat, and Singha. Saying that Colliers is one of the top real estate agencies in Thailand is a fair statement.

Services Offered

Continue reading Top 13 Real Estate Agencies in Bangkok: A Complete Guide

Thailand Property Market Outlook 2021: A Complete Overview

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Buying property overseas is one of the biggest undertakings many foreigners make. Before you buy assets in a developing market, you must do thorough research and understand what you can expect from the market in the coming years.

While Thailand is by far one of the most popular options that foreigners have when buying property overseas, the market has been impacted hard due to the COVID-19 pandemic.

In this article, I explain our predictions for Thailand’s property market in 2021.

Topics covered in this article:

  • Thailand’s Property Market in Previous Years
  • Pattaya’s Property Market
  • Bangkok’s Property Market
  • Chiang Mai’s Property Market
  • How will Thailand’s property market perform in 2021?
  • Are there any other positive aspects of investing in Thai property?
  • New Property Projects in Bangkok
  • Thailand’s Demographic Issues

Thailand’s Property Market in Previous Years

Thailand’s property market was in a slow but consistent upward trend for over a decade until 2020. The main reason is the increasing number of foreigners that visit or decide to live in Thailand, might they be workers or retirees.

To give you a number, around 88,000 foreigners applied for work permits in Q2 2018 in Bangkok alone and the number continues to rise.

To put it in some context, 78,000 foreigners applied for work permits in Q1 2015. That’s an increase of 10,000 expats per quarter or 40,000 yearly.

A better economic outlook, higher take-up rates, and occupancy rates resulted in this upward trend. With that said, the market performance differs much between cities.

Bangkok and Chiang Mai Performed Better in Previous Years

For example, Bangkok and Chiang Mai have experienced higher growths, while places like Cha Am, Hua Hin, Khao Yai, and Pranburi have seen slower growth, or even stagnated. Continue reading Thailand Property Market Outlook 2021: A Complete Overview