Top Thailand Property News Of The Week - 17 Jan 2022

The top residential and commercial real estate news of the week - 17 January 2022

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.

IEAT slashes expenses to lure investors
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) is trying to attract more investors to its four industrial estates by waiving or reducing their expenses, as part of efforts to stimulate domestic investments and drive steady growth this year.

Test & Go for overseas arrivals to be restored, fine-tuned
Bangkok Post
The Test & Go programme will be reintroduced soon while entry rules under the scheme will be tweaked to allow close monitoring of overseas arrivals' health, said Gen Supoj Malaniyom, head of operations at the Centre for Covid-19 Situation Administration (CCSA).

Hoteliers want 90% tax cut extended
Bangkok Post
Hoteliers are urging the government to extend the 90% reduction of the land and buildings tax for another two years or collect a new levy of 20-30% instead as the tourism industry is far from recovering.

Amazon announces its 1st clothing store: here's what to know
Good Morning America
Amazon has expanded in many ways throughout the years, and now the e-commerce giant is launching a brick-and-mortar clothing store. The company announced Thursday that its Amazon Style fashion retail space will open later this year at The Americana at Brand shopping mall in Los Angeles.

Bullish developers plan record launches
Bangkok Post
SET-listed developers Noble Development and SC Asset Corporation are upbeat about their business prospects and overall market sentiment this year, with both planning record property launches.

Property developers want tax reductions to be extended
Bangkok Post
Real estate developers are calling for an extension of the 90% reduction in the rate of the land and building tax as the impact on the sector remains severe.

Tourism fee plan gets mixed reviews
Bangkok Post
Foreigners in Thailand have expressed mixed reactions to a government plan to collect a 300-baht tourism fee from April onwards. On Wednesday, government spokesman Thanakorn Wangboonkongchana said a proposal to collect the fee from tourists under the Tourism and Sports Ministry's tourism promotion plan is being considered.

E-commerce growth stunted
Bangkok Post
Thailand posted its smallest e-commerce growth on record during the third and fourth quarters of 2021, attributed to tepid consumption and the reopening of physical shops, says SET-listed Kerry Express Thailand, a major parcel delivery service provider.

Ministry nixes land and building tax cut
Bangkok Post
The Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden, says Finance Minister Arkhom Termpittayapaisith.

E-commerce upskilling
Bangkok Post
Living amid the gloom of the Covid-19 pandemic, at least one silver lining has surfaced: greater innovations in digital connectivity that have introduced more convenience and dynamism in how we work and communicate with one another.

Bangkok property developer sentiment ticks up
Bangkok Post
Sentiment among housing developers in Greater Bangkok picked up in the fourth quarter last year after a 10-quarter low, helped by relaxed loan-to-value (LTV) limits and the country's reopening.