Top Thailand Property News Of The Week - 27 Sep 2021

The top residential and commercial real estate news of the week - 27 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.

Executives back reopening
Bangkok Post
Most executives of the Federation of Thai Industries (FTI) support the government's plan to reopen the tourism industry between October and November and are demanding only necessary measures to prevent new Covid-19 infections.

SC looks to low-rise demand
Bangkok Post
Low-rise house demand in the upper-end segment will continue to be robust next year while condo market recovery will depend on foreign buyers, according to SET-listed developer SC Asset Corporation Plc.

Govt approves land grab for new bridge
Bangkok Post
The cabinet has given approval for land expropriation in five districts in northern Bangkok to make way for the construction of a new six-lane bridge crossing the Chao Phraya River. The cabinet agreed to expropriate land in Bang O area of Bang Phlat district, along Nakhon Chai Si Road in Dusit district and the Bang Sue area.

Condo on forest land demolished
Bangkok Post
A 2.1-billion-baht condo project in Phuket has been demolished after the Supreme Administrative Court ruled in November last year that the land ownership document issued for the location is illegal. The court ruled the Peak Resident project was located on forest land covering 17 rai in tambon Karon, Muang district, and the land document issued for it was against the Forest Act.

Travel despair crushes high season hopes
Bangkok Post
The travel industry looks set to lose another high season after the latest tourism confidence index hit an all-time low, despite Thailand's reopening plans and domestic stimulus campaigns.

Get ready for fewer — and pricier — toys on shelves this holiday season
Business Insider
As the holiday season approaches, toymakers are worried about a looming toy shortage that could threaten to deplete store shelves and increase prices of the season's most popular toys, Retail Dive reported.

China has tools to avoid Evergrande crisis, says ADB head
Reuters
China has sufficient buffers and policy tools to prevent debt-riddled developer China Evergrande Group from triggering a global financial crisis, Asian Development Bank President Masatsugu Asakawa said on Tuesday.

Selling the family silver?
Bangkok Post
The cabinet's plan to launch a scheme to attract wealthy foreigners for long-term stays in the country by offering them the right to own property is controversial as many critics brand it as a khai chart [traitorous] idea.

Brand partnerships become flavour of the month
Bangkok Post
After a year and a half of Covid-19 outbreaks and lockdown restrictions, the pandemic has dramatically affected the way people buy groceries and consumer staples, as well as their work and travel behaviour.