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Top Thailand Property News Of The Week 20 June 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.

June 24, 2022


The top residential and commercial real estate news of the week - 20 June 2022

LINE introduces NFT marketing solutions

Bangkok Post
LINE messaging application has launched a range of marketing solutions linked to non-fungible tokens (NFTs) to enable businesses to capitalise on digital assets.

Regent Green Power lays out low-cost condo strategy
Bangkok Post
The surging supply of cheap condos has been achieved through lower overheads, strict debt management and in-house construction, according to Regent Green Power, the largest developer of such inexpensive units.

Wheat down payments and free hogs: How Chinese developers are trying to sell homes
Some Chinese property developers are going to extreme lengths to attract buyers. From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales tactics underline the dire state of China's vast real estate industry. A collapse in sales has accelerated since developer Evergrande defaulted on its debt last year as the economy has slowed.

IKEA India to source more products locally to tackle rising inflation
IKEA India plans to source more products locally to combat rising inflation, as the Swedish furniture group looks to sell more to the country's burgeoning middle class with the launch of its latest store on Wednesday.

Call for more hotel tax breaks is snubbed by Arkhom
Bangkok Post
Hotel operators' request for an extension of the land tax reduction was dismissed by the finance minister, prompting the Thai Hotels Association (THA) to seek a new solution to ease cash-strapped operators' financial burden.

Zero-Covid policy hitting condo transfers
Bangkok Post
The number of condos transferred to foreigners in the first quarter this year continued to decline as citizens of China, the leading market, remain hampered by stringent travel regulations, according to the Real Estate Information Center.

Thai firms warm up to hybrid working
Bangkok Post
In addition to resuming their search for the right office space, Thai employers are warming up to concept of hybrid working in line with the majority of Asia-Pacific companies, according to the latest survey by the property services company CBRE.

Siamese Asset plans major cloud kitchen expansion
Bangkok Post
SET-listed developer Siamese Asset plans to invest 1.5 billion baht to expand its food, wellness and spa businesses between 2022-2026 as part of its strategic plan to reduce risks.

CPN, UOB unite to launch green bonds
Bangkok Post
Central Pattana Plc (CPN) and United Overseas Bank (UOB) Thailand have launched green bonds to stimulate the growth of mixed-use and green buildings domestically and overseas.

One grocer wanted to give up plastic. It got rotting bananas.
Bangkok Post
When one of the best-known supermarket chains in the U.K. decided to remove plastic from its products, it hadn't anticipated a spike in shoplifting.

Land windfall tax law to be resurrected
Bangkok Post
The Finance Ministry plans to dust off the land windfall tax law as part of the country's reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.

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