The writer of a new book, “Shortcut to Real Estate Millionaire”, who prefers to be known simply as “Itchy”, found his way to big bucks by buying condos with small deposits and long bank loans, then renting them out so the tenants pay the mortgage and expenses and the asset values steadily increase alongside. His new book is a Thai-language step-by-step guide so you can do it too.
The limited number of new luxury villas in Phuket has doubled the price of resale units, as demand is relatively strong in this niche market.
The Finance Ministry has won the nod to lease 497 rai of land in the Makkasan area for 99 years from the loss-ridden State Railway of Thailand (SRT) in exchange for clearing 61.8 billion baht of the latter's debt.
The deadly Erawan Shrine bombing is expected to weaken already soft demand in the property market.
The Revenue Department is poised to amend the law to allow the use of market prices in assessing income tax payments, aiming to plug a loophole by which property owners avoid paying larger tax bills.
The economic slowdown and rising household debt have hurt demand for low- and middle-priced condominiums, with first-half sales lower than the market average, according to a report released Thursday.