Top Thailand Property News Of The Week - 15 October 2018
19 Oct 2018
The top residential and commercial real estate news of the week - 15 October 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.
New rules to hinder city supply
The new residential supply being launched in Greater Bangkok next year is expected to shrink by 20% if the new requirements on mortgage lending proposed by the Bank of Thailand on Oct 4 remain unchanged, says the Real Estate Information Center
Prudence urged for Thai property market
Historically, issues in condominium supply and demand have revolved around mismatches between sizing, designs, and specifications. Today the leading issues are not so much about design or specifications, but about product pricing and unit sizing.
Provincial mass transit projects expedited, think tank in limbo
The government is revving up construction of mass transit projects in Phuket, Chiang Mai, Nakhon Ratchasima and Khon Kaen, worth a total 194.29 billion baht.
Some tourist fees waived
The government plans to exempt visitors from visa-on-arrival fees during November and December as it strives to salvage falling tourist numbers, especially from China.
Inflow surge breathes life into industrial land sector
Growing foreign investment in the industrial sector has boded well for industrial parks and factories for rent but the uncertain outlook for global trade means improvements will likely be slow.
Mortgage queries line up
Commercial mortgage lenders plan to propose that the Bank of Thailand focus on curbing mortgage lending for third and subsequent home purchases, delaying stricter measures intended for a wider market that were to be implemented in early January.
IEAT targets new Sadao SEZ investment of B20bn
The Industrial Estate Authority of Thailand(IEAT) is confident a new special economic zone(SEZ) in Sadao, Songkhla will be able to attract investment worth 20 billion baht and create roughly 6,000 jobs.
Singha realty projects surge, adding to healthy bottom line
Singha Estate Plc, the properฌty company of beverage giant the Singha Group owned by the Birombhakdi family, is fast expanding its footprint in the local and overseas realty markets with a five-year investment budget of over Bt55 billion, from 2017 to 2020.
Raimon Land buying KPN
SET-listed developer Raimon Land Plc (RML) expects to have the largest market share in the luxury residential segment after acquiring KPN Land Co, a property arm owned by the Narongdej family.
Airlines prepare for arrival surge
Airlines are launching marketing efforts and promotions to capitalise on higher projected arrivals in the coming high season. Thailand remains a major gateway for premium and low-cost carriers, with the peak travel season running from this month until the end of March next year.
Non-members, click close to begin the survey.