One of the most dynamic sectors of the Thai property market is the construction of condominiums brand. Recent examples of similar projects in Singapore, where yields were 50% higher than non-branded developments have inspired the Thai market. A growing number of tourism developments, makes this very promising company and the Thai government has deregulated the housing industry is also a beneficial effect on the development of such. In the industry of luxury homes, were also recently announced major projects in Thailand by the quality of Magnolia from development to large housing and luxury condominiums created.
Thailand recently appeared on the world markets, real estate rule over 15 years, military, and strict controls on foreign ownership. The new Thai government wants to encourage investors to their funds in the country, and therefore the transfer of properties from 2% to 0.01% at the end of March 2009. One million dollars on construction projects such as hotels brand, it has a big impact on net income. In addition, the special business tax lowered from 3% to 0.01% for the same period.
However, it is not only tax cuts, what brand of hotel and resort properties in Thailand and accident hot products industry. Throughout Asia, five-star hotel brands to work with developers and owners of the increasing availability of luxury housing. The trust is attributed to the brand stations investors happy. Projects are usually planned with care and professionalism, people with successful experience in similar projects abroad. Hotels and resorts with a history of success, to find that real estate investments in Thailand and Asia, can usually achieve very high yields. Sold in Singapore recently brand development for flat screens $ 4000 per square meter, around $ 2500, such a development without a brand name for a line brings.
In an environment where property is much more projects are completed, as announced, making excursions brand investors more confident. It gives them a degree of certainty that the project will be built, not only will be supplemented by a certain standard and comes with a number of ready-made customers come for the world as a visitor for resorts and hotels, they know what to expect.
One of the first projects in Thailand with these higher prices for luxury condominiums take Magnolia Quality Development Co., the development of two detached houses and condominiums, under the trademark of Magnolia course, and WHIZ.dom Eco Village. The six projects to be implemented, worth about 10 billion baht. Is one of them is the true course Magnolia 4 Eco Park, the residential units, a city and a hotel. They hope to capitalize on the current boom in branded stations. A company spokesman said it would provide high quality products on strong sales, instead of lowering prices to attract more customers.
These developments of Magnolia was also a higher profit margin because the costs have been reduced by shortening the planning cycle to achieve a massive 30-50%. They are confident, investors, and not decide which of the options on board.
Tourism in Thailand will increase by 20% per year, due to the cutoff extremely cheap, more flights, compared with direct flights relatively expensive. Special geographical situation of Thailand provides an advantage for the tourism sector. The natural attractions of great magnitude, with the relative inExpense provide local authorities (in Europe and America in the comparison), which resorts, hotels and five star luxury accommodation can always find customers.
Overall, the city real estate market in Thailand will increase, particularly as brand development are concerned.
