Top Thailand Property News Of The Week 7 August 2023

The top residential and commercial real estate news of the week - 7 August 2023

Condo ruling could affect financing
Bangkok Post
The Ashton Asoke case, in which the condo was ordered to have its construction permit revoked, will have an impact on property developers who depend on issuing debt instruments and securing loans for funding, as lenders are becoming more hesitant, according to developers..

Tenants promised aid in condo drama
Bangkok Post
Prosecutors have pledged to help residents of the Ashton Asoke condominium in Watthana district after its building permit was withdrawn.

Challenges Persist For Commercial Real Estate Market, But Opportunities Remain: CBRE
Business Today
CBRE foresees a continued challenging environment for the Asia Pacific commercial real estate investment market due to the prolonged interest rate hike cycle, insufficient price corrections, and a slower than expected recovery of mainland China, according to CBRE’s 2023 Asia Pacific Real Estate Market Outlook Mid-Year Review.

Taking retail to the next level
Bangkok Post
Artificial intelligence and other offerings are transforming the shopping experience for customers and retailers alike.

Meeting set to gauge drought
Bangkok Post
Commerce Minister Jurin Laksanawisit plans to call a meeting today to assess the impact of the drought caused by the El Nino weather phenomenon, along with measures to address the impact.

'Era of mass closures': The Japanese firms with no successors
The Japan Times
A 2019 government report estimated that about 1.27 million small business owners would be 70 or older by 2025 and have no successors.

Pita, Politics And Policies: How the Current Political Impasse Is Impacting Thailand’s Property Market
South China Morning Post
Thailand’s political deadlock is turning potential homebuyers cautious in Southeast Asia’s second-largest economy, posing risks to the property market as some 50,000 flats are likely to be launched this year, analysts say.

Legal tactics used to minimise tax
Bangkok Post
Chuvit Kamolvisit's allegation that Srettha Thavisin, former president of SET-listed developer Sansiri, was aware of landlords using legal tactics to evade tax payments on land transactions is a common practice among landowners to minimise tax liabilities.

China's stubborn savers risk precipitating liquidity trap
Reuters
China's consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan's economy in the 1990s.