Tag Archive: phuket

  1. Phuket Residential Property Market – Updates

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    Looking at the period January to June 2017, Ninety percent of Phuket resort property purchases were in the range of THB 5-35 M per unit for villas and THB 8 M or under for condominiums. Investors are looking for rental yields of between 5-7% over the course of two to five years.

    Expatriates from across the region and Thai nationals typically based in Bangkok are the main purchasers of Phuket’s resort properties. The Rouble has appreciated against the Thai Baht, which has also attracted interest in Phuket property from the Russian property investor’s market. There were also Chinese investors in certain entry-level projects. sales came from buyers who bought multiple units, buying at bulk prices and hoping to resell.

    Phuket Residential Property Market

    The priority for property buyers continues to be on rental income as typically investment properties in Phuket are stayed in for 60 days or less per annum. Potential property purchasers should examine the practicality of rental guarantees and other rental packages before making a decision.

    If you would like further information on the process of buying a property in Phuket or elsewhere in Thailand, please contact [email protected]

     

  2. Two Months Deadline For Unlicensed Hotel In Phuket

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    Unlicensed hotel in Phuket were given a deadline to do the required registrations before 31st January 2017 by Chokchai Dejamornthan, Phuket Governor. If they do not comply, owners may have to confront legal action.
    Mr. Chokchai also said that according to Provincial Administration’s information there are only 424 licensed hotels in Phuket while an estimation of 1,366 illegal hotels are currently under operation. The Phuket Provincial Administration gives an opportunity for unlicensed hotels to submit application together with the supporting documents at district office within 2 months. After expiration of this deadline, such hotels will be closed by Phuket Provincial Administration.
    During a public meeting with government officials it was announced that the crackdown would be starting from 1st December 2016. The main targets are residential properties such as apartments or condominiums who rent out daily accommodations for tourists and the main reason is due to the high increase of rentals through AirBnB.

  3. Condo owners in Phuket warned regarding daily holiday rental of properties.

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    The Land Office has purportedly issued a notice to condo owners in Phuket regarding daily holiday rental of properties. Background seems to be the increasing number of unlicensed rentals through internet applications such as Airbnb.

     

    Mr. Wisith Chokchai, Phuket Land Office Acting Chief, said the owners who provide daily rental will face legal action as renting out condos on a daily basis without hotel license is against the Hotel Act and that may incur a fine or even jail time.

     

    Please find more information about this news at the Phuket News under the following link:http://www.thephuketnews.com/phuket-condo-owners-warned-holiday-rentals-less-than-30-days-risks-fines-jail-time-58095.php#byqTHiLqQ5qiZjXb.97

  4. Demolition orders issued to 78 more Phuket beach encroachers

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    Officials yesterday morning (June 23) visited Bangtao and Laypang beaches, issuing 78 businesses with demolition orders on the grounds that their structures are on public land.

    But before they started posting the orders in each of the properties, Ma’an Samran, chief executive of Cherng Talay OrBorTor and his deputy, Siri Yokthong, went with Pipop Sutkhao, Deputy District Officer from Thalang, Thammarong Chuayaksorn, Deputy District Officer from Muang District and about 30 Territorial Defense Volunteers to Surin Beach to check on progress.

    “Right now 90 percent of the [area to the west of the footpath] is cleared. We have a truck and an excavator from OrBorTor Cherng Talay to help people to dig out concrete,” Mr. Thammarong said. “In the future, there will be no beach chairs or massage beds on this beach. People cannot take advantage of public land anymore. Thalang Deputy District Officer, Mr. Pipop told The Phuket News that Surin Beach is now a beach for everyone.

    North of Surin Beach, businesses encroaching on public land on Bang Tao and Lay Pang beaches – and in some cases actually on the beach – were handed orders telling them to rip down their structures and restore nature within 30 days, or face legal action.

    Among places that must be partially or completely demolished are Lotus Restaurant and Babylon Beach Club, along with many wooden-pile restaurants at the water’s edge.

    Source: Phuket News  (See more…)

  5. FRANK Legal & Tax joins International Business Association Phuket (IBAP)

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    We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the International Business Association Phuket (IBAP).

    Our lawyers have been working with IBAP and attending their monthly events for many years, and we are happy to now be member again with the new outfit FRANK Legal & Tax.

  6. FRANK Legal & Tax opens branch office in Phuket

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    Our new branch office is located in Cherngtalay at Palm Plaza (on Bandon Road, in same building as Phuket Land real estate agency). Here is the full address:

    FRANK Legal & Tax
    Palm Plaza Cherngtalay
    55/1 Bandon-Cherngtalay Road ,
    Cherngtalay, Thalang,
    Phuket 83110