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Top Thailand Property News Of The Week - 16 January 2017

20 Jan 2017

The top residential and commercial real estate news of the week - 16 January 2017

CBRE’s weekly property news snapshot features the latest residential and commercial real estate stories in Thailand and elsewhere that you cannot afford to miss - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Tax incentives planned for digital park
Bangkok Post
The government plans to offer enhanced tax incentives for startup companies and global technology firms that establish a presence in Thailand's first digital innovation park.

Industry sentiment strong in December
Bangkok Post
The Federation of Thai Industries (FTI) index rose to 88.5 in December, the highest level in nearly two years, thanks to the government's economic policies that increased purchasing power and demand as well as recovering global and local economies.

Gaysorn details ‘branding revolution’ for its luxury outlets
The Nation
A social media campaign dubbed “Bye Bye Gaysorn Plaza” that had created some buzz and puzzlement in the market was cleared up yesterday by the developer, Gaysorn Property, which is rebranding its luxury shopping mall as “Gaysorn Village”.

98% of Generation Z prefers to shop in-store, study finds
The Nation
Despite expectations that the first “digitally native” generation would want to shop online, a new study by IBM and the National Retail Federation found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.

At least B1.5bn eyed from state land auctions
Bangkok Post
The Treasury Department expects to fetch at least 1.5 billion baht from the auction of 15 state land plots, its chief says. Director-general Chakkrit Parapantakul said the 15 land plots are located in 13 provinces, adding that 1.5 billion baht is the starting price for the bidding.

AP taps into rising economic sentiment
The Nation
SET-listed developer AP Thailand Plc will launch 20 new projects worth 35 billion baht this year to cash in on recovering economic sentiment. These include 17 low-rise projects together worth 15 billion baht -- eight single detached homes worth 8 billion and nine townhouses worth 7 billion. Also in the pipeline are three condominium projects, together worth 20 billion baht.

Thailand sees economic trade-offs with Trump
The Nation
Bangkok (The Nation/ANN) - Thailand may face an indirect hit from a potential trade war between the US and China. Thailand may face an indirect hit from a potential trade war between the US and China if President-elect Donald Trump has his way and imposes a significant tariff on Chinese imports.

Crystal eyes lagoons boom in Asia
The Nation
Crystal Lagoons, a multinational water innovation company and the developer of crystal-clear lagoons technology, aims to secure 60 projects in Asia over the next six years, according to the firm’s regional director for Southeast Asia, Jaime Rivera. In Thailand alone, the company is expected to sign between two and four deals per year, he said.

New supply forecast to rise
Bangkok Post
New residential supply in Greater Bangkok is expected to increase for the first time in three years in 2017, but according to Kasikorn Research Center (K-Research), property developers need to be more cautious due to high household debt, consumer's delayed purchasing power and a rise in housing price.

Amata to ramp up Rayong development
Bangkok Post
SET-listed Amata Corporation Plc plans to expand the amount of developed land on its Thai-Chinese industrial estate zone in Amata City, Rayong to 1,000 rai this year to tap rising demand from Chinese investors.