Abstract
The purpose of this research was to study the feasibility of apartment business investment around the court located in Amphur Hua Hin, Prachuap Khiri Khan Province, Thailand. A synthesis of legal provisions of Ministerial Regulation on the Building Control Act (No.9) B.E. 2535 (1992) was an approach for the research. The area suitable for investment was in Article 4 under this Ministerial Regulation which stipulates the building construction should not exceed 23 meters high. It was found that the interested investors could build a house or building under such conditions. The investment analysis showed that an area of 4 acres with 4-story building containing 49 rooms and an area of 4 acres with 4-story building containing 77 rooms was very attractive. For the financial ratios analysis, Internal Rate of Return (IRR) was at 15% which yielded more than other forms of investment such as bank, gold, stocks, and bond. Net Present Value (NPV) was greater than 0 at 481,018.06 baht. Other financial ratios included Profitability Index (PI) at 1.01 and return from investing such as ROA, ROE, GPM, and OPM was at 7%, 7%, 80%, and 72%, respectively. Keywords: Synthesis of legal provisions, Service business, Feasibility study
Author Information
Surapat Bhichaibade, Silpakorn University, Thailand
Thirawat Chantuk, Thailand
Paper Information
Conference: ACSET2013
Stream: Education
This paper is part of the ACSET2013 Conference Proceedings (View)
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To cite this article:
Bhichaibade S., & Chantuk T. (2014) Synthesis of Legal Provisions and a Financial Feasibility Study on Investment Project of Serviced Apartment Business around the Court in Amphur Hua Hin, Prachuap Khiri Khan Province ISSN:2188-272X – The Asian Conference on Society, Education and Technology 2013 – Official Conference Proceedings https://doi.org/10.22492/2188-272X.20130325
To link to this article: https://doi.org/10.22492/2188-272X.20130325
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