Cabinet backs property plan: measure would let foreigners buy some land

Article Abstract:

The Thai government has made initiatives to improve the nation's real estate market by drafting two laws that will permit foreigners to buy small portions of land in addition to 100% of units in condominium apartments. Foreigners can only own up to 40% of the units of condominium under existing laws. The government is also considering proposals to offer permanent residency visas to foreigners who invest more than 10 million baht in the country and is also contemplating a proposal to reduce house ownership transfer fees from 2% to 0.01% of the house's value.

International Affairs, Real Estate, Real Estate and Rental and Leasing, Resident Alien Restrictions, Real estate developers, Laws, regulations and rules, Finance, Real property, Aliens, Immigration law, Land and Houses PLC, Bangkok, Thailand (City)

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Hing Kong sets its sights on infrastructure investment

Article Abstract:

Hing Kong Holdings Ltd executive Albert Chow Nin-mow plans to introduce the company to residential construction and infrastructure projects in China and Hong Kong. This would spread the company's assets and protect it from the risky apartment buildings market in Hong Kong. The steep price of Hong Kong properties make them risky investments. Thus, Chow's move to invest in China's infrastructure projects could give the firm profit from safe sources. It is awaiting the approval of construction projects for toll roads and bridges in China.

Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, China, Management, Hing Kong Holdings Ltd.

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Thailand's planned infrastructure push spurs interest in construction firm's IPO

Article Abstract:

Fund managers and analysts are optimistic about the initial public offering of Nawarat Patanakarn, as the issues come on the heels of government plans to increase infrastructure investments. The announcement of increased infrastructure spending has sparked an interest in construction companies among investors. Nawarat is set to offer 10 million shares at 105 baht or $4.24 each.

Administration of Urban Planning and Community and Rural Development, Public Works Projects NEC, Evaluation, Thailand, Securities, Going public (Securities), Initial public offerings, Nawarat Patanakarn

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