Tourisim On the Increase

Tourism is  said to be on the  increase again in the Land of Smiles. Last year, Thailand recorded around 15.84 million visitors. The percentage of short- and medium-haul Asian tourists is definitely increasing, and has majorly contributed to the 61.26% of total arrivals.

PRICE WARS Thai Versus Low Cost Carriers

Thai Airways has announced we will soon see the airline slash domestic ticket prices. We can expect to see a 30% reduction along with a frequent flyer mileage points for Royal Orchid Plus members. New fares are set to come into place on the new season schedule which will go into effect from March 15th until September 30^th.  The  stated ambition is to obtain over 50% domestic market  share, which has dropped sharply over recent year and the entry of many  low cost carriers

Property Escrow Process @ Land Department

Back of the revised Escrow Act B.E. 2551 (2008), the Land Department has now set out official guidelines pertaining to the documentation of land under an official notification. Prior to this new development officials were unable to document any ownership change which was covered by an existing escrow agreement.

As per the new process any land under an escrow agreement requires that the Land Department must obtain approval prior to transfer of property and furthermore that only Escrow Agents may act. All escrow agents are to be licensed and this is restricted presently to financial institutions.

As commented in a circular issued by the legal firm Mayer Brown “These guidelines further enhance the use of escrow in real estate transactions. To maximize the protection, buyers should ensure that the escrow agent is duly licensed, and the escrow transaction is recorded by the Land Department.”

Recently I had the opportunity to discuss the topic of escrow with a number of local legal firms in Phuket and while they applauded the revisions to the law, the complex nature and restriction only for financial institutions only enables significant sized transactions transaction’s to utilize escrow. While in most mature property markets there are facilities for even the smallest of purchasers to obtain what is generally regarded as essential due diligence in property transactions.

Hopefully going forward there are further revisions aimed at aligning consumer protection in a similar fashion to developed markets.

Test 2

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

Hello world!

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.

The stylish, modern development comprises of apartments with 1 or 2 bedrooms, lounge, western kitchen and private pool. Its characteristics consist of round geometric lines, which are light, fluent and evocative of the movement of the waves.

The large terraces are accessed through floor to ceiling glass doors, which open up to embrace the natural surrounding light and tropical scenery.

Purchasing an apartment at Ocean View will be an asset as it will be an investment and can be rented out for extra income. Rental properties are extremely popular with expatriates in Phuket, but high-quality stylish designs are difficult to find.