Top Thailand Property News Of The Week - 3 August 2020
The top residential and commercial real estate news of the week - 3 August 2020
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.
Treasury mulls rent reduction
The Treasury Department is considering reducing land rents for companies affected by the Covid-19. Among them is the Airports of Thailand (AOT), which requested a one-year rent reduction, citing lower revenues caused by the pandemic.
First signs of recovery for hospitality firms
After months of staying home, Thai consumers' pent-up demand for travel exploded after the easing of restrictions, the first sign of recovery for the hospitality industry following the Covid-19 outbreak.
'Safe and Sealed' brings hope for tourism rally
Tourism operators are proposing a new inbound tourism plan, called Safe and Sealed, to replace travel bubbles and keep Thailand from realising the worst-case revenue scenario of 675 billion baht...
Duty-free changes irk mandarins
The Finance Ministry is considering summoning Airports of Thailand (AoT) executives to explain the agency's decision to alter its duty free concession contracts...
EEC Office readies BoI-style tax incentives for SEZ investors
The Eastern Economic Corridor Office is set to offer privileges directly to investors in special economic zones in the three provinces of the EEC.
Ministry now aims to roll out travel promotions for expats in Thailand
The Tourism and Sports Ministry aims to introduce travel packages to lure around two million expats in Thailand into travelling around the country to boost domestic tourism...
Dusit Central Park project launches green landmark
Dusit Central Park, the mixed-use joint venture project of Dusit Thani and Central Pattana, is introducing a rooftop park as a new green landmark at the 3.67-billion-baht project.
Hotels urged to end dual pricing scheme
The Tourism and Sports Ministry is encouraging hotels in Thailand to offer fair packages to expatriates, avoiding price discrimination as the country aims to attract 2 million foreign residents to travel more domestically.
Tourism chiefs mull ways to open safely
The Tourism Authority of Thailand (TAT) says that if the country remains closed in the last quarter of the year, the number of foreign tourists will dramatically shrink to seven million for 2020.
Shortage of ASQ hotels for returning foreigners
Alternative state quarantine (ASQ) hotels may be in short supply when foreigners are allowed into Thailand, with the Thai Hotels Association (THA) saying the extra medical cost is preventing operators from taking part.