Top Thailand Property News Of The Week 4 Apr 2022

The top residential and commercial real estate news of the week - 4 April 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 - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Virtual real estate metaverse to be explored
Bangkok Post
Property developer Magnolia Quality Development Corporation (MQDC) is working with global professional service provider Accenture to create a metaverse for virtual real estate to explore new opportunities in this emerging digital frontier.

Make taxes greener
Bangkok Post
For the first time since the land and building levy law was promulgated three years ago, the Prayut Chan-o-cha government has found it necessary to re-introduce the full tax rate, shunning calls by some business sectors that it extend the 90% cut.

Phuket eyes windfall of B3bn
Bangkok Post
The five-day Songkran holiday is expected to generate about 3 billion baht in revenue from tourist spending on this island province. The forecast was made by Tourism Authority of Thailand (TAT) Phuket Office director Nanthasiri Ronnasiri yesterday.

King Power revamps Bangkok airport retail precinct
Retail News Asia
King Power is set to unveil a revamped store at Suvarnabhumi airport today, building on its collaborations with global luxury brands.

Hoteliers push for 90% tax cut extension
Bangkok Post
The government is being urged to reconsider extending the 90% cut on the land and building tax for two years to ease the burden of higher prices as this is the greatest concern among hoteliers, according to a Thai Hotels Association (THA) survey.

Covering the new entry rules
Bangkok Post
Starting from April 1, visitors entering Thailand enjoy more relaxed conditions after authorities dropped a negative pre-arrival RT-PCR Covid-19 test requirement. Yet the hotel sector remains adamant that a recovery is impossible until all the rules are removed.

Sample the best of Australia on LazMall
Bangkok Post
Good news for lovers of Australian products! The best of Australia is now available at the "Australian Pavilion" on Lazada's platform, making it easy for shoppers to access their favourite items right at their fingertips.

Agencies urged to speed up ELV measures
Bangkok Post
Prime Minister Prayut Chan-o-cha has ordered responsible agencies to speed up offering incentives and measures to encourage motorists to scrap their ageing vehicles in a bid to reduce ultra-fine dust particles known as PM2.5 and tackle ongoing expensive steel prices.

Land and building tax discount in effect for 2022
Bangkok Post
The land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister Arkhom Termpittayapaisith.

Industry urges longer-term solutions
Bangkok Post
The government should come up with not only short-term measures, but also medium and long-term plans to cope with the impact of the global oil price surge and the Russia-Ukraine war, according to industrialists in various sectors.