Top Thailand Property News Of The Week - 18 Oct 2021

The top residential and commercial real estate news of the week - 18 October 2021

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.

Phuket envisages attracting 10,000 tourists per day
Bangkok Post
Phuket aims to attract 10,000 tourists per day, contributing 35 billion baht to the local economy by December, while the island is listed among the top destinations for local travellers during the upcoming long weekend.

BoT eases mortgage LTV ratio
Bangkok Post
The Bank of Thailand (BoT) has further eased the loan-to-value (LTV) ratio for mortgage lending to allow homebuyers to borrow loans of up to 100%, aiming to help boost the property sector and help the economy recover from the impact of the Covid-19 pandemic.

Xi faces resistance to property tax planned to combat bubble
Bangkok Post
Chinese President Xi Jinping has made no secret of his desire to deflate property bubble. But according to people with knowledge of government deliberations, he is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.

PIN to sell 290m shares through IPO by year-end
Bangkok Post
Industrial estate developer Pinthong Industrial Park Plc (PIN) will sell 290 million shares, representing 25% of total issued and paid-up ordinary shares, through an initial public offering within this quarter for further investments in its industrial estates in the Eastern Economic Corridor (EEC).

FPT redevelopment efforts to create Silom Edge
Bangkok Post
SET-listed developer Frasers Property (Thailand) Plc (FPT) is renovating the former Silom Center building to become a new sandbox community in the central business district, named Silom Edge, with an investment of 1.8 billion baht.

IEAT to build B1.76bn industrial estate
Bangkok Post
A new industrial estate is to be built in Chachoengsao with a 1.76-billion-baht budget to serve high-tech industrial development projects in the Eastern Economic Corridor (EEC) area, said the Industrial Estate Authority of Thailand (IEAT).

Initial nod for long-stay visas
Bangkok Post
The cabinet has approved in principle a programme that has the goal of attracting 300 billion baht worth of foreign investments in exchange for granting long-stay visas. The two draft regulations, issued by the Interior Ministry, were put to the cabinet which approved them in principle yesterday, said Traisuree Taisaranakul, deputy government spokeswoman.

Government pledges special incentives for EEC investors
Bangkok Post
The government has pledged to offer special incentives for investments in the six new promotion zones in eastern Thailand, including EEC genomic medicine (EECg), EEC medical hub (EECmd) and EEC innovation platform (EECi).

Govt pushes megaprojects to ease traffic
Bangkok Post
The Transport Ministry has decided to push ahead with megaprojects in the next fiscal year with the aim of easing traffic congestion and improving road connectivity between Bangkok and its surrounding provinces.

Skytrain move set to impact condo market
Bangkok Post
The discontinuation of the Bangkok skytrain's 30-day pass will be a game changer for the condo market as stations near workplaces become more attractive, according to Sena Development Plc. Kessara Thanyalakpark, Sena's managing director, said the 30-day pass gave condo buyers many location options with one fixed rate.

CBRE survey reveals logistics occupiers plan strong expansion in APAC amid supply crunch
CBRE Thailand
A new CBRE survey has found that logistics occupiers have big plans to expand their warehouse footprint in Asia Pacific over the next three years on the back of growing optimism about the operating environment.