Wine Producing in Thailand

Thailand is known for many things, wonderful beaches, great sightseeing, fantastic nightlife and smiling happy people! But did you know, it also produces some of the world’s finest table wines, which have both been recognised and exported around the world.

Loei is a part of the country which is very different from most other parts of Thailand. Phu Ruea National Park has one of the highest peaks in the country and because of its height, the temperatures and the cooler climate of the area; conditions are very conducive to the cultivating and producing of fruits, vegetables and flowers, not normally found in this part of the world.

In fact, throughout Loei and in other neighbouring provinces, there are many attractions that can be visited to see this unique produce which includes strawberries, chinese pears, African Violets, Petunias and of course the vital ingredient for wine making is of course grapes, which grow here in abundance.

Loei has been described by some as a small piece of Southern France, in the heart of Asia, and this is certainly true for the Chateau de Loei, who have been producing fine Thai table wines since 1995.

Dr Chaijudh Karnasuta the founder of Chateau De Loei discovered that the Phuruea highlands were ideal for wine producing grapes and in 1995 bottled Thailand’s first commercially produced Thai Table wine.

His wine succeeded and his wine became the first from the country to be exported to Japan and Europe. Even the vineyards logo is named after the Chinese year in which Dr Chaijudh was born, The year of the ‘Rooster’ which in Chinese signifies ‘hard work and dedication’ and this has certainly been the case with Chateau De Loei.

The whole wine producing process takes place at the Vineyard, and tours are arranged for people to visit, see and taste the produce and even buy some to take away and enjoy. The fine Chenin Blanc and Syrah grapes are grown here and using French bottling equipment, the wine is produced and bottled, for local and export markets.

Credit for Chateau De Loei’s product success is partly given to the research undertaken by His Majesty the King Bhumibol Adulyadej, who found that the Phuruea climate, soil and water supply are ideal for the ‘best grape harvest’ that takes place in February and produces the best quality grapes for wine producing at that time.

The fine wines that are produced are fruit based wines, suiting different culinary experiences, Chateau De Loei produces three types of white (Chenin Blanc) and, two reds (Syrah) and one rose (Syrah) all with very distinct flavours and tastes suiting each individuals palette.

Initially designed for the domestic market and now a success Internationally, Chateau De Loei’s wines have added to Thailand’s reputation as a fine nation and an innovator, surprising people worldwide, with the quality of wine produce made.

So next time you make a visit to the Land of Smiles, or your even shopping for a bottle or two to take home for the evening, think of Chateau De Loei and either visit for yourself, or try a taste of this beautifully, scenic part of the world.

Thailand Signals Expectations of Better Real Estate Times

With overall sales growth of 7% in 2009, there is ample reason to believe that the worst is over. One business resource predicts that there will also be a sustained 7%/year growth over the next five years in Thailand building and construction. It is estimated that 500 semi-completed building projects are coming back online. Thai laws relating to foreign ownership of real estate are complex, so a real estate experienced attorney should be consulted. Condominiums are the most popular purchases, but regular homes can be found, and some even work with construction companies to build a home. This allows taking advantage of bargain labor and material costs.

While bargain purchases can be found in Thailand, mortgage financing is likely to be problematic, with 50% financing a common number when a mortgage can be found. Some foreign buyers are getting funding in their home countries and transferring the funds to Thailand for their real estate purchase. Taxes and fees vary from 3% to 5% or more in a transaction. It’s a beautiful country, and these challenges are not deterrents to foreign buyers. The expectation is for more foreign buyer activity in the future.

The expiration of the tax and fee incentives will result in price increases as builders and developers pass on their increased costs. The extra cost will be around 4% for builders and developers. How much is passed along will likely be influenced by competition in the market. There is a great deal of new activity, so analysts expect that some builders will absorb some or all of the cost increases in order to better compete in the marketplace. The Thailand real estate market is in a rebound, and it’s not likely that tax changes of this magnitude will have an appreciable negative impact on the brighter future ahead.