Top Thailand Property News Of The Week - 10 December 2018
14 Dec 2018
The top residential and commercial real estate news of the week - 10 December 2018
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.
Mobilising the big data of real estate
Irrespective of industry, location or client base, technological advancement is indiscriminate in the disruption it brings. Commercial real estate is no exception.
As mall hype mounts, some question pace
The opening of the 54-billion-baht Iconsiam along the Chao Phraya River in southeastern Bangkok was quite the spectacle. In November, the mall spent a whopping 1 billion baht on its grand opening, with a thousand-drone choreographed light show along with world-class ballerinas and copious fireworks.
Digital huge investor draw
Investors have applied to avail promotions for 135 projects in the country's digital industry, with a combined worth of 12.7 billion baht over the first nine months this year, sharp growth of 405% from the same period last year.
EEC committee pushing four new special zones
Thammasat University, WHA Corporation and Toyota Motor Thailand are being promoted for new special economic zones worth a combined 42 billion baht next January.
Examining market trends in commercial property
The Bangkok office market continues to remain strong with steady demand. As a result, landlords have enjoyed an increase in rental rates, according to CBRE Thailand, the local unit of the international property services consultancy.
Co-working branches out
Co-working space seems to be on the tip of everyone’s tongue these days. There was a time when no one knew what the term “serviced office” meant or why someone would want such an option. But today, you can’t open a business publication without seeing an article about co-working.
Hitting pay dirt with payments
While Thailand is one of the most enthusiastic users of technology, especially social media, much of its most-used software is foreign-made. The country has yet to produce a single unicorn.
Boom continues along the red line route
PROPERTY DEVELOPERS are expanding their commercial and residential investments by more than Bt200 billion around the Red Line route under construction from Bang Sue to Rangsit.
Charn Issara plans six high-end projects
SET-listed Charn Issara Development Plc (CI) will launch six new projects worth a combined 6.4 billion baht in 2019.
Why are so many hotels for sale
Several factors have forced numerous small and medium-sized hoteliers to put their properties on the block.
Buying existing factory buildings speeds market entry
Many industrial space occupiers, whether they are starting or expanding a business, want to buy an existing industrial building rather than buying land and constructing a new building or renting a ready-built factory.
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