| Thailand Real Estate Investment |
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Thailand real estate investment is a popular option for foreigners. However, political demonstrations along with the adverse impact of the global economic downturn means Thailand real estate investment has not been as attractive recently. The following information outlines factors to consider in regards to Thailand real estate investment and the services provided by Healy Consultants: | ||||
1.
| Thailand real estate investment can give investors a lower entry cost compared to other markets in the region such as Singapore and Hong Kong. Favourable exchange rates compared to many currencies and low cost of living appeals to investors who can make their money go a long way in Thailand. | |||
2.
| Foreigners are not able to own land in Thailand. However, Thailand real estate investment is possible via purchasing condominiums provided the total foreign ownership of the condominium complex does not exceed 49%. Foreigners can acquire land via a Thai limited company but it is the Thai company that owns the land and not the foreign individual. The company and it's management must abide by the relevant Thai laws. | |||
3.
| There are a diverse range of Thailand real estate investment options. Thailand's unique culture, renowned cuisine, friendly people and tropical destinations are appealing elements for middle aged demographics seeking either affordable luxury for their retirement, or an exceptional holiday location during their semi-retirement years. | |||
4.
| Whether buying property in Thailand or selling property in Thailand, Healy Consultants assist international entrepreneurs and investors to achieve their Thailand real estate investment objectives. These objectives can be in the i) residential real estate sector, ii) commercial real estate sector iii) as a buy-to-let property. | |||
i)
| Obtaining appropriate property finance is an important step in securing a rewarding Thailand real estate investment. Healy Consultants assists clients to obtain competitive property finance by project managing the following processes: | |||
ii)
| Locating competitive, international mortgages to fund Thailand real estate investment. Foreign individuals must show they have brought the funds for purchasing their property into Thailand. In sourcing property finance, our firm works with leading international banks including ANZ Bank, DBS Bank and OCBC Bank. | |||
iii)
| Where necessary, preparing a business plans and cash flow projections to increase the probability of mortgage approval. | |||
iv)
| Comparing the different property finance options available and subsequently, presenting a list of recommendations to our client. This allows them to make an informed decision on the most appropriate finance option. | |||
v)
| Acting as intermediary between the bank and client for the entire process of obtaining property finance for their Thailand real estate investment. | |||
vi)
| Negotiating banking terms and conditions on behalf of our client. | |||
6.
| After securing a mortgage, assistance is provided to open personal and corporate bank accounts for receiving rental income and/or settling mortgage repayments for their Thailand real estate investment. | |||
7.
| Thailand has been the last of all the East Asian countries to recover from the economic recession; this lag time presents an investment opportunity. Greater capital inflow, and improved country infrastructure points to a growing real estate market. | |||
9.
| Healy Consultants provides specific tax and accounting advice for Thailand real estate investment. In March 2008, the Thai government implemented reductions in mortgage fees, transfer fees and certain business taxes to help boost developer confidence and support market sentiment in Thailand real estate. The slowdown in the market and the current political issues could result in this government initiatives being extended in order to support Thailand real estate investment. | |||
10.
| Investors benefit from the comprehensive property management services provided by Healy Consultants. Services including organizing property refurbishments, finding tenants, implementing property maintenance, arranging property insurance, organizing property valuations, and sourcing property security requirements are all activities which can be time consuming for an international investor so having these project managed saves time and money. | |||
11.
| Healy Consultants will appoint and supervise a Thailand lawyer to ensure all the legal matters are undertaken correctly. As the Thailand real estate industry is not extensively regulated, having an experienced lawyer is an important step when undertaking Thailand real estate investment. | |||
For clients who are migrating to Thailand, Healy Consultants assists with all the requirements including immigration visas, organizing relocation services, and assisting with familiarization of their new country.
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| Contact Us | ||||
For more information on Thailand real estate investment, please contact us at our Singapore office at (+65) 67350120 or email us at info@healyconsultants.com | ||||
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