Article Category - Phuket Property Insider

WHILE sellers reduced prices back to a long-term ‘fair valuation’ – a reduction of around 30% from the peak highs – flush buyers have been seeking distress pricing and a further 30% discount!

THE Absolute Group, which currently manages the Absolute Sea Pearl Beach Resort and Spa and the Absolute Patong Villa Resort and Spa, will also manage the luxurious 49-villa resort Absolute Chandara Resort and Spa, on Phuket’s East Coast, near the Jumeirah Private Island Resort. The Absolute Group, a multi-national group specialising in mixed-use resort and hotel development and management and vacation ownership, is celebrating it’s tenth anniversary with ambitious expansion plans.

A DOZEN of Phuket’s leading developers have joined forces in a bid to boost property sales which have slumped on the island recently. They will present a combined force with a series of booths under the banner property Centre at the Jungceylon shopping centre in Patong. “We know there are buyers out there, They are few, but they are there,” said Kay McDonnell, the spokeswoman for the group.

SOMETHING very special is being created beside the fifth hole at Loch Palm Golf Course. The Vista, a small development of just eight villas in a peaceful and beautiful setting, is about to be launched. The project will set new standards in affordable golf-course living and will provide stunning golf and lake views.

SOMETHING very special is being created beside the fifth hole at Loch Palm Golf Course. The Vista, a small development of just eight villas in a peaceful and beautiful setting, is about to be launched. The project will set new standards in affordable golf-course living and will provide stunning golf and lake views.

AN escrow agent in the real estate business is an agent who is responsible for holding the money and title deed pending fulfilment of other conditions by the parties to the contract. It is a good risk management method. Typically, the seller of a plot of land or house would let an escrow agent hold the title deed, and the buyer would let the escrow agent hold the deposit.

The only legal way for a foreigner to own real estate in Thailand is to buy a condominium, or ‘condo unit’. In Bangkok, condo unit purchases are now considered trendy among the younger generation of Thais because condominiums are often conveniently located in the inner city area, making it more economical for them to commute to work.

VERY few people are aware of it, but under Thai law, anybody engaging in the act of ‘selling’ a financial services product does not have to disclose any charges a client must pay for the contract he, or she, is being recommended. This includes any disclosure of commissions that are to be awarded to the adviser. The consequences of this are staggering, and indeed, alarming to would-be investor

IN general, foreigners (non-Thais) have no legal rights to own land in Thailand, except for a few rare exceptions. This means that the possibility of land ownership by a foreigner wanting to live, or do business in Thailand is, in most cases, none. Consequently, this gives rise to the need to ‘work around the rules’ or to look for alternative ways to own land in Thailand.

ANYBODY with a UK pension scheme who lives abroad can now transfer their private pension into a QROPS or Qualifying Overseas Recognised Pension Scheme. But it might not always be the best way to go. Many British expats believe the UK pension system is over-complicated and suffocated in layers of regulation and restriction.