Top Thailand Property News Of The Week - 19 Jul 2021
The top residential and commercial real estate news of the week - 19 July 2021
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.
New Phuket rule passes
Foreign visitors participating in the Phuket sandbox scheme will be allowed to visit other tourist spots after seven days starting from Aug 1. Thanakorn Wangboonkongchana, spokesman for the Centre for Economic Situation Administration (CESA), said the centre approved the move on Thursday.
Shifting trends of hotel food and beverage
With the prolonged COVID-19 situation, CBRE has investigated various transformations within Thailand’s hotel industry in regard to survival, retaining relevance, and a competitive edge within the food and beverage scene amidst the pandemic.
BoI offers tax incentives to boost production technology
Industry Minister Suriya Jungrungreangkit expects Thailand to become a leading country with robotic and automation technology by 2026, following investments in robot-based production systems.
Continued demand for physical workplaces in Thailand as more Asia Pacific office occupiers eye long-term expansion
A growing number of corporate occupiers plan to extend their Asia Pacific office footprint in the long-term while adopting strategies featuring greater flexibility and new hybrid working models, according to the findings of CBRE’s 2021 Asia Pacific Future of Office Survey, published today.
Cabinet cuts budget for e-voucher scheme
The cabinet on Tuesday cut the spending budget for the "Ying Chai Ying Dai" (the more you spend, the more you get) e-voucher cashback scheme to 9.8 billion baht from 28 billion baht because of fewer-than-expected participants.
Govt extends plan to boost spending
The cabinet has agreed to extend the "Ying Chai Ying Dai" scheme aimed at spurring public spending, according to the government spokesman team.
Centara inks pact to run Al Hail Waves
Thailand's leading hotel operator Centara Hotels and Resorts and Oman's Ibn Saleh Al Hashmi Construction (ISAHC) have announced the signing of a hotel management agreement for Al Hail Waves to be managed by Centara.
FTI touts herb to treat workers
The Federation of Thai Industries (FTI) is preparing to give 100,000 seeds of fa thalai jone herbs to factories for planting under a plan to treat workers infected with Covid-19.
Housing sector faces contraction risk as cases rise
The expanded lockdown measures and 30-day closure of construction sites and worker camps since early this month will plunge the housing market into a severe contraction, according to property experts.
US businesses 'fear internet curbs in Hong Kong'
US businesses in Hong Kong fear mainland Chinese internet curbs and want local authorities to commit to the free flow of information, the head of the city's American Chamber of Commerce said Monday.