Top Thailand Property News Of The Week - 20 July 2020
The top residential and commercial real estate news of the week - 20 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.
King Power faces 50% sales drop
Duty-free retail giant King Power expects sales to plummet by 50% this year to about 90 billion baht, largely because of the impact of the Covid-19 pandemic.
Hype builds as new Apple store imminent
Apple says it plans to launch its retail store at CentralWorld soon, marking the second official shop of the American tech giant in Thailand.
Bangkok condo price index declines in Q2
The price index for condos in Greater Bangkok in the second quarter plunged for a second consecutive quarter as developers competed by offering massive discounts, says the Real Estate Information Center (REIC).
Current state of politics leaves businesses
Though the Thai Industries Sentiment Index (TISI) has risen for the second consecutive month following the easing of more Covid-19 lockdown measures, businesses have started worrying about the state of local politics, chairman of the Federation of Thai Industries (FTI) said on Thursday (July 23).
All eyes on the horizon
Hopes of a second-half economic recovery have been fanned by policymakers, but the latest macroeconomic statistics suggest that the worst may still be in store for Southeast Asia's second-largest economy.
Treasury Department reclaiming unused plots
The Treasury Department plans to pull some unused state lands managed by government agencies into its own oversight to increase their value.
Hotels see low demand for 4-day weekend
Hotels still face sluggish sentiment for the upcoming four-day weekend holiday, resulting from concern over the economic situation and complicated processes involved in the "We Travel Together" tourism stimulus measure.
Food courts remain a lifeline for malls
Despite accelerating trends moving shoppers away from brick-and-mortar stores and towards e-commerce, food courts have remained a vital magnet for malls to attract shoppers on a budget, says real estate consulting firm CBRE.