今週のヘッドラインニュース - 2017年 4月 24日
The top residential and commercial real estate news of the week - 24 April 2017
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.
Digital ad spend up
Marketers spent $72.5 billion on digital advertising last year, an increase of 22% from 2015, as Google and Facebook once again booked the lion’s share of new revenue, a report released by the Interactive Advertising Bureau said on Wednesday.
Dusit to run new hotel near Chatuchak Market
Dusit International, one of Thailand’s major hotel and property-development companies, recently signed a hotel-management agreement with Dhanasansombut Development Co to operate the first ever hotel in the heart of Bangkok’s world-famous Chatuchak Market.
B50m exemption hot topic in debate
The land and buildings tax exemption for first homes valued at up to 50 million baht is the lawmakers' main topic of debate during the second reading of a draft bill on the long-awaited property tax. The reading, taking place at the moment, is expected to consume a few months.
Raimon Land projects allotted B10.1bn
SET-listed developer Raimon Land Plc (RML) plans to invest 5.3 billion baht in developing an office tower on Phloenchit Road, spending another 4.8 billion to launch three new luxury residential projects in the Silom and Sathon areas during 2017-18.
Bangkok ‘most visited destination’ in Asia Pacific
Bangkok remains the most visited destination in Asia Pacific while Singapore continues to lead the Thai capital in total visitor expenditure, according to the latest findings from the Mastercard Asia Pacific Destinations Index 2017 shared at the World Travel & Tourism Council (WTTC) Global Summit in Bangkok.
B510m for Power Buy build-out
Power Buy Co, one of Thailand's biggest retailers of electrical appliances, IT gadgets and electronics, has set aside an investment budget of 510 million baht for business expansion this year. The plan comes despite stagnant sales in the overall electrical appliance market.
Toyota considers landmark local outlay
Goal is compact car export centre Leading Japanese carmaker Toyota Motor Corporation is about to make its biggest investment in Thailand to upgrade its compact car development and production centre for exports.
E-commerce forces brick-and-mortar stores to innovate
With e-commerce being fitted into their arsenals, retailers are now aiming to provide new experiences and greater convenience for shoppers. And while bricks-and-mortar stores will continue to exist, they are no longer places exclusively for shopping, but also must function as showrooms and fitting rooms.
Property sector welcomes 99-year leases
The private sector has expressed support for the government’s plan to extend long-term 99-year land leases to foreign investors. “If the government opens up the opportunity for foreign buyers to hold residential leases for up to 99 years, like Singapore and Malaysia do, it will boost residential demand as the country is the gateway to the Asean Economic Community [AEC],”
‘Second-class citizens’ after EEC
Academic warns of Massive land grabs in three provinces; privileges for foreign investors likened to pre1997 Hong Kong AN ACADEMIC has voiced concerns over privileges to be granted to foreign investors under the proposed Eastern Economic Corridor (EEC) legislation, especially in regard to 99-year land leases.
Competition For Wealthy Buyers In Bangkok Heats Up, But How Long Will It Last?
The race is on between developers in Thailand as they look to entice wealthy local and international buyers to their luxury developments. Many companies have targeted the luxury and super luxury condo segments in Bangkok due to an influx of buyers wanting to live close to the city centre, according to media reports.
Analysts look to positives amid N Korea tensions
Tensions over the stand-off between the US and North Korea could pressure global stock markets, say investment experts, though some note that concerns over the prospect of a French referendum on whether to leave the European Union may encourage capital to stay put in Thai and other emerging markets.
Alibaba, WHA in estate talks
SET-listed WHA Corporation Plc, Thailand's largest developer of built-to-suit logistics facilities, is in talks with Alibaba over the giant Chinese e-commerce company's plans to buy land to develop its "fifth generation e-commerce park" in Thailand.