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Revised laws could challenge Thai developers.
Byline: Kanana Katharangsiporn
Sep. 3--Property developers should consider carefully the potential impacts recent changes in the law will have on the real estate market and tax standards, according to local legal and property experts.
Even while the hotel industry has bounced back from the Sars outbreak, and office space demand is picking up due to limited supply and the economic recovery, new changes to how property is taxed will have a considerable impact on buyers and sellers alike.
Anurag Ramanat, a partner with the law firm Johnson Stokes & Master, said the draft Hotel Act would take effect by the first quarter of 2005 if approved by the ...
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Source: HighBeam Research, Revised laws could challenge Thai developers.