Top Thailand Property News Of The Week - 20 Sep 2021

The top residential and commercial real estate news of the week - 20 September 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.

Potential Hua Hin, Cha-am recovery seen
Bangkok Post
Residential markets in Hua Hin and Cha-am could see an improvement next year after facing a slowdown since the first half of last year, with support based on an economic recovery and higher vaccination rate in 2022.

Phuket set to ease entry curbs on Oct 1
Bangkok Post
Travellers wishing to go to Phuket soon will be able to enter the resort island via air, sea and land, after the province's communicable diseases committee agreed on Tuesday to lift entry restrictions on Oct 1.

Too-big-to-stop real estate giants set plans for post-pandemic market
CBRE Thailand
A year and a half into the pandemic, although some real estate companies are still struggling to remain competitive in the market, real estate giants have been able to quickly adapt to the unexpected situation, capitalizing on the diverse income stream they have built.

Business body seeks incentives to stimulate foreign demand
Bangkok Post
The Phuket sandbox will help revive the residential market in the province next year, but a local business body is calling on the government to provide one-stop services and incentives to boost demand from foreign buyers.

Loan rejection still a barrier for scheme
Bangkok Post
Home loan rejection remains a key problem despite the government's low-interest-rate mortgages under the stimulus scheme of 1 million units having been in high demand in major northeastern provinces.

True Digital Park Campus appoints CBRE sole office leasing agent for “new development”
CBRE Thailand
The executives of True Digital Park led by Mr. Thanasorn Jaidee, President of True Digital Park, recently appointed CBRE Thailand as the sole agency for office leasing as represented by Ms. Aliwassa Pathnadabutr, Managing Director, and Ms. Roongrat Veeraparkkaroon, Head of Commercial Transaction Services. “True Digital Park Campus (New Development)” is another new and innovative grade A office project.

Analysts jittery over Evergrande default
Bangkok Post
Analysts recommended slowing investment in Chinese stocks after China Evergrande Group, China's second-largest real estate developer, declared in a statement on Sept 20 that a default is likely, sending stock markets reeling across the globe.

Dusit to manage, operate hotel in China
Bangkok Post
SET-listed Dusit International has signed an agreement to manage and operate the first internationally-branded hotel in the autonomous prefecture of Chuxiong Yi in the southwest of China. The luxury hotel ­-- which will be known as dusitD2 Chuxiong, Yunnan -- is set to open in the second quarter of 2023.

Developers seek higher home ceiling price
Bangkok Post
The ceiling price of homes under the government's mortgage loan scheme should be higher to help both local homebuyers and the property market in eastern provinces, while foreign ownership quotas for condos should be raised to boost demand from overseas.

CBRE leads Asia Pacific investment sales activity in first half of 2021
CBRE Thailand
CBRE Takes Top Spot Globally, Also Ranking First in Americas, EMEA CBRE, a leading international property consultant, was the top-ranked firm for commercial real estate investment sales in Asia Pacific (APAC) during the first half of 2021, according to Real Capital Analytics (RCA).