Doing Business in Thailand

In the following section, we’ll review the differences between the three higher claims from the lowest to the highest.

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Originally posted 2009-09-15 02:23:39.

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.

Thailand foreign land ownership policy is often criticized by foreign buyers and to make their point the critics often refer to other countries in Asia that allows foreign land ownership. The message being Thailand should change its policy and allows foreigners to own land because otherwise Thailand will be at risk to see buyers going to purchase in Asian countries that have more opens policies in this regard. I think that those critics are unfair to Thailand and I will explain why in this post

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Originally posted 2009-10-03 04:33:32.

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.

How are rights on land evidenced in Thailand? Now this is a tricky question because land documents such as NS-4 (Chanote), NS-3K (Nor. Sor. Sam Kor.) or NS-3 (Nor. Sor. Sam), which we discussed in the previous posts, only serve to evidence rights to land and contain no mention of the structures built on the land (if any).

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Originally posted 2009-09-21 04:06:25.

Should you purchase off plan?

From experience, we know that most problems occur when buyers purchase property “off plan”. Whether or not the transaction has a favorable outcome will depend solely upon one single factor: Did the buyer purchase from a reliable developer or not? Truth be told, purchasing off plan is no more dangerous when purchasing offshore than in your home country, as long  as you are purchasing from a reliable developer who operates in the country where you are purchasing.

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Originally posted 2009-08-10 06:01:41.

Originally posted 2009-07-25 23:54:08.

You cannot have followed Thai news for the past 3 weeks and not have read about the problem faced by General Surayud (former Thai Prime Minister and Member of the Royal Privy Council) in relation to his Khao Yai land.

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Originally posted 2010-01-21 09:35:01.

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.

[There was a formating problem in our Sunday post. I reposted it again]. People purchasing real estate in Thailand are often fulfilling the goal of a lifetime. In the pursuit of their life dream they will often toss caution to the wind, lose all common sense and ignore some simple precautions.Truth is that the actual formalities to transfer a real estate property are fairly straight, simple and may be completed in a few hours which leads many buyers to believe that purchasing a property in Thailand will be a simple transaction when it is not always the case.  [ this post was published earlier as a page. We updated it and republished it as a post].

Originally posted 2009-10-19 03:05:09.