Yuthachai Charanachitta, the third generation of the Ital-Thai Group, aims to rebrand the group by focusing on its five businesses and study into that is expected to be completed this year. “When you think of the Ital-Thai Group, you think about the contractor business – Ital-Thai Development. However, our group also has many other businesses [...]

He said inflation was an issue of concern as the central bank’s target for headline inflation was in the range of 35 per cent. The rate hike might not be able to contain inflation if oil prices surge further, he said. Government increases in pay for civil servants and politicians and also rises in minimum [...]

Phuket Residential MarketView Q3 2010 In the third quarter we saw a continued recovery in tourism arrivals and expect that this trend will continue into the high season in the fourth quarter. The best performing sectors of the property market were in the very best properties that have sea frontage with an established reputation and [...]

Most condominium units in Thailand nowadays are offered on a freehold basis. However, you will occasionally come across projects that are offered on leasehold. The maximum lease term allowed in Thailand is 30 years, and this lease is registered with the Land Department. There are different leasehold structures offered in the market, and it is [...]

Nationalities of condominium buyers in the Thai city of Pattaya have changed dramatically since 2010 – from the Europeans and Scandinavians working in the Asia Pacific region to local Thais and expatriates who reside in Bangkok, according to the latest Pattaya Market Report published by Knight Frank Thailand. The company’s Managing Director Phanom Kanjanathiemthao said [...]