Business body seeks incentives to stimulate foreign demandThe Phuket sandbox will help revive the residential market in the province next year, but a local business body is calling on the government to provide one-stop services and incentives to boost demand from foreign buyers. "Foreigners buying a Thai property visit Thailand as tourists. Around 3,000 condo units in Phuket had been reserved by foreign buyers in the period before the Covid-19 pandemic, and these were under construction. At present, there were new investments from Thai investors in the property market in Phuket, Phang Nga and Krabi. "Despite the Phuket sandbox, the property market recovery will take time, not this year," he said.

Source: Bangkok Post September 22, 2021 23:37 UTC