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Top Thailand Property News Of The Week - 9 September 2019

September 13, 2019
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The top residential and commercial real estate news of the week - 9 September 2019

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.

Central Village confirmed aviation safe after inspection
The Nation
After a thorough field study, the Civil Aviation Authority of Thailand (CAAT) has declared aviation safe the new Central Village mall located near Suvarnabhumi Airport, hoping to alleviate concerns of the Airports of Thailand.

Listless residential market in 2019
Bangkok Post
The residential market is likely to fall by 10% this year as the impact of the economic slowdown and loan-to-value (LTV) limits continues into the fourth quarter, say industry analysts.

AWC taking hold of plots nationwide
Bangkok Post
Asset World Corp (AWC), a property arm under Charoen Sirivadhanabhakdi's TCC Group, looks set to acquire prime property in Bangkok and key resort destinations held by the group to develop mixed-use projects and hotels in the next five years.

Cash handout plan draws few hotels
Bangkok Post
Hoteliers have shown little interest in the tourism cash handout scheme, citing the low value of the giveaway and the complexity of the process.

Bangkok 86th in most expensive prime office rents
The Nation
Bangkok ranked 86th in terms of most expensive prime office rents at THB 1,208 per square metre per month and ranked 46th in terms of biggest annual increase.

Major Turkish companies in EEC investment talks
The Nation
Leading companies from Turkey are meeting with the Eastern Economic Corridor Policy Committee (EECPC) to discuss potential investment in the Eastern Economic Corridor, says Kanit Sangsubhan, the secretary general of the Eastern Economic Corridor Office of Thailand.

Tie-ups with 24-hr convenience stores help banks flourish
The Nation
Commercial banks are going ahead with using convenience stores as agents after achieving up to 25 per cent growth monthly via 3 million transactions and Bt16 billion worth of deposits.

Offline experience still king for retail
Bangkok Post
Offline retail is making a comeback in China with the rise of brand concept stores. Reimagining bricks and mortar, every part of a concept store tells a story or creates an experience.

New Laem Chabang seaport contract to be signed by next month
Bangkok Post
A contract for the third phase of the Laem Chabang seaport is expected to be signed by next month if a legal dispute pending in the Administrative Court is cleared in time, said Deputy Transport Minister Atirat Ratanasate.

Wet market makeover hopes to sway modern shoppers
Bangkok Post
Talat Thetsaban 3, known as "Talat Yai", and located in Muang Ubon Ratchathani municipality, is more than a traditional wet market for dwellers of Ubon Ratchathani province.

Retailers to stop handing out plastics
Bangkok Post
Giant retailers, plastic manufacturing titans, and department stores reached an agreement on Friday to stop handing out single-use plastic bags to customers starting early next year.

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