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Thailand Real Estate

We offer Thailand real estate investment information for Bangkok, Laem Chabang, Sattahip, Surat Thani, Phuket, Songkhia and Pattani. Scroll down for more information about the Thailand.

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About The Thailand

Thailand Population: 64,865,523 (July 2004 est.)
Languages: Thai, English (secondary language of the elite), ethnic and regional dialects
Capital: Bangkok
Government Type: Constitutional Monarchy
Independence Day: 1238 (traditional founding date; never colonized)
Legal System: Based on civil law system, with influences of common law; has not accepted compulsory ICJ jurisdiction.
Currency: baht (THB)

Executive Branch:

Chief of State: King PHUMIPHON Adunyadet (since 9 June 1946) .

Head of Government: Prime Minister THAKSIN Chinnawat (since 9 February 2001) and Deputy Prime Ministers CHATURON Chaisaeng, Gen. CHAWALIT Yongchaiyut (Ret.), PURACHAI Piamsombun, VISHANU Krua-ngam (since 8 November 2003); LIPTAPANLOP Suwat (since 1 July 2004); SOMSAK Thepsuthin, PHINIT Charusombat (since 6 October 2004).

American Embassy: 120/22 Wireless Road, Bangkok
Mailing Address: APO AP 96546
Telephone: [66] (2) 205-4000 FAX: [66] (2) 254-2990

General Overview: A unified Thai kingdom was established in the mid-14th century. Known as Siam until 1939, Thailand is the only Southeast Asian country never to have been taken over by a European power. A bloodless revolution in 1932 led to a constitutional monarchy. In alliance with Japan during World War II, Thailand became a US ally following the conflict. Thailand is currently facing armed violence in its five Muslim-majority southern provinces.

Economic Overview: Thailand has a free-enterprise economy and welcomes foreign investment. Exports feature textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances. Thailand has recovered from the 1997-98 Asian Financial Crisis and was one of East Asia's best performers in 2002. Increased consumption and investment spending and strong export growth pushed GDP growth up to 6.3% in 2003 despite a sluggish global economy. The highly popular government has pushed an expansionist policy, including major support of village economic development.

International Disputes: A1 kilometer segment at the mouth of the Golok River remains in dispute with Malaysia; demarcation with Laos complete except for certain Mekong River islets and complaints of Thai squatters; despite continuing border committee talks, significant differences remain with Burma over boundary alignment and the handling of ethnic rebels, refugees, and illegal cross-border activities; Cambodia accuses Thailand of moving boundary markers and obstructing access to Preah Vihear temple ruins awarded to Cambodia by ICJ decision in 1962; 2003 anti-Thai riots in Phnom Penh resulted in the destruction of the Thai Embassy and damage to 17 Thai-owned businesses and disputes over payments of full compensation persist; groups in Burma and Thailand express concern over China's construction of 13 hydroelectric dams on the Salween River in Yunnan Province.

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