Doing Business in Thailand

It is always difficult for a new buyer freshly arrived on a market to make an informed decision on what and where to buy? I have been around for 12 years, believe that I have a good understanding of the market but still I learn new things every day. Should you trust your agent to recommend you the best product available. You may, of course but you could also try to find out for yourself what the situation is.

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Originally posted 2009-08-26 03:47:05.

Colliers recently published its last property snapshot for 2009 and we would like to take this opportunity to review 2009  Thai condominium market. So, was 2009 a good or a bad year?

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Originally posted 2009-12-23 07:02:15.

I was not satisfied with the content of Friday’s post and I redrafted it

To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may only be sold freehold but condominium ownership is actually far more than this.

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Originally posted 2009-09-27 07:36:30.

In this post I will describe step by step the formalities that must be accomplished by the seller and the buyer in order to complete the sale and purchase of a condominium. In this example I make the following assumption. The buyer is a foreign investor. The condominium unit is completed and ready for transfer.

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Originally posted 2009-11-28 05:32:53.

If you are an individual and are selling a real estate property in Thailand you will be liable to pay personal income tax on the gain you will realized on the transaction at the time of the transfer at the Land Department. Now how does the Land Department Officer actually calculate the withholding tax payable by individual Sellers?  Read more…

Originally posted 2009-12-09 09:26:58.

In this post we will show how the government fees and taxes payable at the Land Department are calculated in the case of the resale of a condominium. Note that in the two examples below we envisaged a transaction before end of March 2010 and after March 2010 because government fees are discounted until the end of March 2010.

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Originally posted 2009-12-09 06:47:13.

While I already dealt with this issue two days ago, I just read this morning a comparative study from the Global Property Guide. The Global Property Guide surveyed and compared the prices of 120 SQM good condition second hand high end apartments in 112 cities over the world. Among the cities surveyed was Bangkok which ranked fairly well in the study.

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Originally posted 2009-08-28 10:40:06.

Dear Reader

I just want to let you now that my book “How To Safely Buy Real Estate In Thailand” is now available on iPhone, iPad, or iPod touch with iBooks.

Description

Buyers of offshore real estate property can be divided into two categories: The fortunate buyers who actually receive the property they paid for and the unfortunate ones who end up losing their money in offshore real estate fiascos or end up with a lemon of a property. Although the fortunate buyers outnumber the unfortunate, ventures in purchasing real estate offshore still end up badly for too many people. Did you know that the difference between fortunate and unfortunate buyers is sheer luck, not more business savvy on one side than the other? Fortunate buyers are lucky enough to buy from one of the reliable developers doing business overseas. Do not let luck dictate offshore real estate purchases. Learn all about the critical issues and the many pitfalls awaiting the unwary buyer.The book is divided in two sections. In the first section Rene Philippe discusses the general issues to be addressed by a buyer who purchases real estate outside his home country. In the second part he explains how those issues are dealt with in Thailand. Because the author deals in the first part with general issues this book is a worthwhile read not only for foreigners who want to buy real estate in Thailand but also for foreigners or Thais purchasing real estate overseas.Rene Philippe approaches the subject in a manner clear, easy to understand and conductive to reflection and questioning. His objective is not only to impart knowledge and experience but also to raise buyers’ awareness of the potential dangers that are awaiting them and how to avoid them.

About the Author:

The author Rene-Philippe DUBOUT is a lawyer since 1990 when he was admitted to Geneva bar (Switzerland). He practiced as a litigator there for 10 years until he moved to Thailand in 1999. In 2002 he founded with a group of Thai lawyers Rene Philippe & Partners Ltd a local law firm that specialized in Cross Borders Investments and Real Estate. He has been lecturing in several Thai Universities and a speaker to numerous conferences and seminars. He is the author of a must read book:”How to Purchase Real Estate Offshore Safely: The Case of Thailand”.

http//:www.renephilippe.com

© Copyrights 2009 – Rene Philippe Dubout – This article may be reprinted if information about the author, the websites, and the URLs remain intact

Originally posted 2011-01-20 09:41:15.

The most easier and secure way for a foreign investor to purchase real estate property in Thailand is to purchase a condominium unit freehold because the legal requirements are as we will see below minimal.

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Originally posted 2009-08-18 11:35:39.

This post is part of a series of posts that include my post dated of 26 August 2009 called “Bangkok What and Where to Buy?” and my post dated of 28 August 2009 “Bangkok more reasons to buy”.  Two new surveys published recently by CB Richard Ellis (Thailand) and Jones Lang LaSalle (Thailand) have draw my attention.

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Originally posted 2009-09-17 03:57:10.