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Top Thailand Property News Of The Week - 15 June 2020

June 19, 2020
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The top residential and commercial real estate news of the week - 15 June 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.

Malls adjust to lowered expectations
Bangkok Post
Despite the easing of stringent lockdown measures, the 3.6-trillion-baht retail industry remains far from a full recovery, and nearly all business operators in the sector are struggling to regain business.

Industry asks govt to inject liquidity as sentiment
The Nation
The Federation of Thai Industries (FTI) has advised the government to inject liquidity into the private sector, after the Industries Sentiment Index rose for the first time in four months.

Dhanarak Asset casts wider net
Bangkok Post
The Treasury Department has instructed Dhanarak Asset Development to branch into developing other types of property, starting with residential projects...

Record jump in retail sales sends stocks higher
The Nation
Shoppers bought clothing, furniture and sports equipment fueling a record spike in retail sales up 17.7% in May, in the latest sign that the economy...

Ocean eyes monorail in Khon Kaen
Bangkok Post
With the property market in Khon Kaen driven by monorail construction, Ocean Property Co is confident about its planned launch of a condo project worth 400 million baht in the province.

S'pore to start phase 2 reopening on June 19
The Nation
Singapore moves to phase two of its reopening this Friday (June 19), as a range of restrictions will be eased to allow more business and social activities to resume, the multi-ministry task force tackling Covid-19 announced on Monday.

Fury as historical building torn down
Bangkok Post
Phrae: The provincial governor has ordered a probe into the demolition of a 127-year-old two-storey building that was once used by the British.

Street markets in Chiang Mai’s Meaung district come alive as curfew goes
The Nation
Many of Chiang Mai’s streets are now bustling again with merchants as night curfew has been lifted.

Alro readying to repossess forest land, rent it back to businesses
Bangkok Post
The Agricultural Land Reform Office (Alro) says it will "repossess" Sor Por Kor land illegally occupied by resorts and hotels, and then rent the land back to them.

MBK offers rent-free retail space until August
THe Nation
The operator of MBK Centre shopping mall is waiving rent on retail space in three of its halls until August this year.

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