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Top Thailand Property News Of The Week - 13 July 2020

July 17, 2020
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The top residential and commercial real estate news of the week - 13 July 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.

BoT taking CBDC to retailers
Bangkok Post
The Bank of Thailand plans to explore expanding the central bank digital currency (CBDC) to retailers in the next phase of development after testing the CBDC for corporate transactions.

Property developers upbeat about second half despite sliding current situation index
The Nation
The current situation index that reflects property developers’ confidence in the market in Bangkok and perimeter areas fell for the fifth successive quarter, the Government Housing Bank’s Real Estate Information Centre (REIC) said.

Bangkok property market takes Bt150bn hit 'with worse to come'
The Nation
The virus crisis has wiped a whopping Bt150 billion off the value of the residential market in Bangkok and surrounding provinces, Krungthai Bank research revealed today.

Major to launch low-rise projects aimed at the rich
Bangkok Post
SET-listed developer Major Development Plc plans to launch low-rise housing projects in the super-luxury segment this year as high net worth Thais are still spending despite the virus crisis.

Minor awaits travel bubbles in Bangkok
Bangkok Post
Hotels in Bangkok face low occupancy rates as the borders remain closed to international tourists, says Minor Hotels, the hospitality arm of Minor International.

CP's Tesco deal yet to be approved
Bangkok Post
The Office of Trade Competition Commission (OTCC) has asked Charoen Pokphand Group (CP) to submit more documents concerning the group's mega-deal to acquire 86.9% of the Thai business of Tesco and 100% of the UK retailer's Malaysian business.

KBank mortgages hit high point of growth
Bangkok Post
KBank has delivered a double-digit surge new mortgage lending year-on-year, the highest growth in several years, for the first half this year, mainly thanks to real loan demand.

Ministry to sign deal with Shopee in bid to make farmers tap e-commerce platform
The Nation
The Ministry of Agriculture and Cooperatives will sign a memorandum of understanding (MoU) with Shopee on July 15 this year encouraging Thai farmers to sell products online, expecting the product sales via Shopee platform to increase by approximately 30 percent.

Samut Prakarn property prices dive 36%
The Nation
Government Housing Bank (GHB) reported that Samut Prakarn property prices, especially for homes in projects located along the MRT Green Line, plummeted as much as 36 per cent in the second quarter, compared to the same period last year.

Govt railroading Chana complex
Bangkok Post
It's a big relief that yesterday's forum on the Chana industrial complex in the province of Songkhla passed without confrontation or incident.

Price index for property drops in second quarter
The Nation
The price index for both housing estates and condominiums in this year’s second quarter has risen against the same period last year, but has dropped from the first quarter of this year.

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