Top Thailand Property News Of The Week - 25 Oct 2021

The top residential and commercial real estate news of the week - 25 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.

LTV rejig a boon for stocks
Bangkok Post
Real estate stocks will directly benefit from the Bank of Thailand (BoT)'s decision to raise the loan-to-value (LTV) ratio for mortgage lending to 100% to revive the property sector, said analysts from Maybank Kim Eng Securities (MBKET).

Call for condo reform to lure foreigners
Bangkok Post
The government has been urged to simplify money transfers and provide more medical staff to support wealthy pensioners if the country wants to boost the economy through foreign property ownership.

Tourism rises to post-pandemic challenge
Bangkok Post
The tourism industry, which previously contributed 18-20% of GDP during the few years prior to the pandemic, is poised to face a tremendous challenge when the country reopens its borders without quarantine from November with a new target.

State insists airport rail link be ready in 4 years
Bangkok Post
The government has insisted that the high-speed rail linking Don Mueang, Suvarnabhumi and U-tapao airports, one of the key infrastructure projects in the flagship Eastern Economic Corridor (EEC), has to be finished over the next four years as planned.

Robinhood sets out plans to be a 'super app'
Bangkok Post
Robinhood, a Thai food delivery platform under Siam Commercial Bank (SCB) group, plans to raise funds next year and launch three non-food services, aiming to become what it calls a regional "super application".

Foodpanda, Rebel Foods in 5-year multi-market deal
Bangkok Post
Asia's largest food and grocery delivery platform Foodpanda announced a 5-year multi-market partnership with the world's largest internet restaurant company Rebel Foods.

Reopening brings back old faces but with new habits
CBRE Thailand
CBRE, a leading international property consultant, found that as business operations gradually resume with the easing in restrictions from the government, activities will start to flow back into real estate.

New Tour Teaw Thai gets tepid response
Bangkok Post
The new Tour Teaw Thai, which helps subsidise 40% of tour packages of up to 5,000 baht to one million people, received lukewarm feedback from both travellers and tour operators despite the start of new travel season.

Low-cost houses for health volunteers
Bangkok Post
A low-cost housing project, which will see a million houses built for low-income health volunteers in 27 provinces, has been launched with the construction of the first such houses beginning recently in Chachoengsao.

Honing in on the EV industry goal
Bangkok Post
Development of the electric vehicle (EV) industry is gaining momentum as state and private sectors are working to translate plans to make Thailand a major EV production hub into actions.

Bangkok land price index edges up in Q3
Bangkok Post
Despite the escalating trend, the increase in the land price index in Greater Bangkok in the third quarter remained lower than the five-year average during the pre-Covid period, according to the Real Estate Information Center (REIC).

U.S. companies bet shoppers will keep paying higher prices
The Wall Street Journal
Some of the world’s biggest companies are betting consumers will keep paying more for products from coffee to toilet paper. Corporate giants including Procter & Gamble Co. , Nestlé SA and Verizon Communications Inc. say they plan to continue raising prices or pushing customers to buy more expensive products into 2022 to offset fast-growing costs amid a global supply-chain crisis. Gillette razors, Nestlé coffee and Chipotle burritos are among the products that could get more expensive in coming months.