ClassifiedsTravel I Exporters Listings I Importers I Trade Help I Business I Export ads I Publishing I RegisterBus





The housing situation in Thailand is looking bleak for homeowners who are paying mortgages off. More jobs are going and unemployment is starting to increase. The government has helped the workers by their 200baht per each social welfare worker fund but this is only a temporary measure. The Red shirts of Thaksin are mobilizing to upset the Country even more so the country could find themselves in more of a mess. Is it a good time to buy---only if you have adequate funds and buy a condo but do your homework first.


Developers in good financial health
The Nation March 18, 2009

Listed firms 'learnt from the financial crisis of 1997' Most of Thailand's bigger property developers, who are listed on the Stock Exchange of Thailand, have debt-to-equity ratios lower than 2:1, showing that they remain financially healthy despite the economic downturn. A survey by The Nation has compared figures filed by 25 listed property companies for 2008 with those they filed for 2007. Fifteen of the 25 reported a debt-to-equity ratio at the end of 2008 that was lower than 1:1. Another nine firms reported debt-to-equity ratios higher than 1:1 but still lower than 2:1.

Areeya Property recorded the highest debt-to-equity ratio of 2.33:1, or up 7.87 per cent from the figures of 2.16:1 at the end of 2007 (see table).

The chairman of international law firm Baker & McKenzie (Bangkok), Kittipong Urapeepatanapong, said the financial results of Thailand's property firms showed a healthier status than 11 years ago, when they faced the 1997 financial crisis. Most of them learnt from that crisis to manage their cash flow and debt. As a result, most of them now have the financial good health to see them through the new economic crisis.

Land & Houses' senior executive vice president Adisorn Thananun-narapool said his company managed its cash and debt to maintain a debt-to-equity ratio below 1:1 because that status gave the company sufficient flexibility to endure a financial crunch. The company's debt-to-equity ratio is now only 0.62:1, and although that is about 6.89 per cent higher than the ratio of 0.58:1 at the end of 2007, it is still lower than the industrial standard of 1:1, he said. Land & Houses also tries to manage its inventory and cash flow so that it has enough cash for annual investments rather than borrowing from banks or issuing debentures, and this policy has maintained a debt-to-equity ratio lower than 1:1 since the 1997 financial crisis, he said.

LPN Development's managing director Opas Sripayak, whose company reported a debt-to-equity ratio of 0.58:1 at the end of 2008, said the company's management had learnt from the 1997 crash. At that time LPN Development was burdened with a debt-to-equity ratio of more than 3:1. So it has learnt to manage its total debt to maintain a debt-to-equity ratio lower than 1:1. To achieve this, it spends its own cash rather than borrowing from banks, and when it does need a project loan from the bank, it speeds up repayments when the project is complete to hold its debt-to-equity ratio lower than 1:1. That is better than the industrial standard, he said. LPN Development believes the economic downturn will not have a serious impact on its financial results this year. Although its presales may be lower than those at the start of last year, its revenue and financial status continues to be strong enough to sail through the crisis, Opas said. Preuksa Real Estate's chief executive and managing director Thongma Vijitpongpun said his company had strict management policies concerning the use of its own cash rather than borrowing from banks. "We speed up construction and deliver to our customers within 120 days after they buy from our projects. That speeds up our cash receipts so that we can invest our own cash and borrow less money from the bank," he said.

.LAND AREAS: 1 rai = 4 ngarn = 400 wah2 = 1600 m2; 1 talang wah = wah2 = 4 m2; 1 acre = 2.53 rai & 1 ha = 6.25 rai 
To date foreigners may own


  - a unit in a registered Condominium

  - a building (as distinct from its land)

  - a registered leasehold of up to 30 years for all types of titled land (and/or buildings).

  - a company can purchase land and buildings only.

  - more than 49% of a condominium unless in Company form.If BOI status different

 - foreigners can own land being not over 49% in a proper Business orientated company but cannot secure a mortgage. Under BOI can buy.

  - if you invest 40m baht you can buy 1 Rai of land in Thailand outright

A 30-year lease can be a good idea with right to renewal to a freehold purchase, or a Thai company (7 PARTNERS) can be established with Thai majority shareholders. Foreigners only own 49% shares in a company but there are restrictions and rules to this as you must have a business running and audited. The other way is to lease for 30 years with R of R or to use an Usufract or superficies to assist you. We can assist you to make sure your company is safeguarded. Remember if you need advice ask us.


Beware as its not the first time when foreign Business partners have been cheated by Thai partners. It has happened a lot. Never have a limited Partnership in Thailand and make sure the Lawyer you use is straight and unbiased towards you? Go to for any help or

 Country Codes

We have English speaking Lawyers all over Thailand

Just click on the banner below:




1/. Never pay deposit or booking fee over the Internet. See what you buy first

2/. Look at progress payment reports when, & how much

3/. Check the builder before you sign

4/. Talk to neighbours & others about the Moo Baan or buildings.

5/. Have a person on site to inspect interim work for you

6/. Do not be bullied into progress payments before work completed. If so then some middle man is getting his cut.

7/. When in doubt ask. Seek advice




  • We work for you (Both Thai & foreign consultants )
  • No hidden charges-everything is up front.
  • Guaranteed conveyancy help &  Company, work permit & land  setup for foreigners
  • We will sell your Commercial property, houses, businesses, bars and Guest Houses
  • Because you have the benefit of foreign help with our Thai lawyers and expat consultants

If you have a property to rent, sell or lease in Thailand then WRITE TO US as we can advertise for you in our hardcopy news in  Chiangmai . BANGKOK REAL ESTATE Please go to :

[ THAI LAW HELP SERVICE ]:  We have many more properties. Just ask us. Let us broker your business or property. If we don't sell we don't charge you. 

THAI PRODUCTS & Directory ]  


[ Read George Soros Crises report ] [ Thailand in Crises ] [ US EConomy worsens ] [ Asia Crises better than US ] [ Depression safeguards ] [ Depression could come ] [ Thailand Finance News] [ Amex Bailout wrong ] [ AIG abuse bailout funds ] [ GM & Bankruptcy better ] [ Pension Funds ] [ Hedge funds 2008 ] [ Investing fund guidelines ] WHY YOU [ DO NOT INVEST in Finance Companies ] [ Buy Gold not shares in finance companies ] [ Thai Property Speculation & Sub Prime crises ]   [ Investment property guide] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ]

[ Thai Property Report 2008 ] [ Mortgage & loans on Property ] [ Finance Company guide] [ Hedge funds & Thailand ] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ]  [ Bangkok Bank lends for mortgages to foreigners

[ Property Report Thailand ]

Compare Thailand with the West in NZ, Australia UK & USA [ NZ crazy Property market warned of crash ]

[ Non immigrant Visas ] [Lawyer costs & services ] [ Visas ] [ Re-entry Visa] [ Work Permits ] [ Companies ] [ Limited Partnerships ] [ Tourist visas ] [ Residency Visa] [ Marriage Visas ] [ 1 year visa ] [ Thai license ]  [ Company tax ] [ Income tax ] [ Company VAT ] [ Visa runs ] [ Read expats Newsboard   VISA COSTS ] [ Visa checkpoint emails ] [ THAI VISA TO THE USA ] [ MARRIAGE IN THAILAND ] [ FOREIGNERS GETTING MARRIED IN THAILAND ]

[ Thailand Visas on arrival ][ Re-entry Visas ] [ Borders Open for Visas ][ THAI VISA & IMMIGRATION NEWS ] [ Thai Immigration ] [ Laos Visas ] [ Laos Info ] [ Myanmar Visas ] [ Myanmar Travel ] [ Cambodia ] [ Nepal ] [ World Thai Embassy Addresses ][ SUVARNABHUMI AIRPORT BANGKOK ]

EXPORTS IMPORTS & SHIPPING [ SHIPPING FORM ] [ Shipping Info ] [ Shipping & Freight ] [ Arriving Bangkok ]  [ Importing to Thailand ] [ Importing Cars & Vehicles to Thailand ] [ Freight forwarding ] [ Container cost ]  [ Sea freight ] [ Air freight ] [ Airlines in Thailand ] [Back to exporters list ] [ Container cost ] [ Shipping to USA ] [ Shipping Personal items ] [ Shipping Cars ] [ Shipping Agent ] [ Buddha images & Food  ] [ Tariffs ] [ Letter of credit ] [ Fine Arts license ]  [ SHIPPING FORM ]



[ Outsourcing Products in China & Thailand ]                 



Please email :

N.B. Complete law services via our NEW Thai Lawyer partner . (re: Alien Business Law: NEC Announcement 281 Cat A prohibited to foreigners). However under the terms of our  Company License Asia Trading Post (Co Ltd)  provide : 1. Cat 34 lawyer services  &2.  Cat 35.consultancy services.

 COPYRIGHT: No parts or parts of this website may be copied, printed or circulated for publication in any form or part of without the express written permission of Asia Trading Post Co Ltd. Please also note all Thailand affected pages which include eg. law, immigration, visas can not be used unless  written permission is obtained from both 29 Tanin Co Ltd--Law Office & also Asia Trading Post Co Ltd by way of contract.  All infringements will be an infringement of privacy and our company will act accordingly. See FAQs