Top Thailand Property News Of The Week - 22 June 2020
The top residential and commercial real estate news of the week - 22 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.
High-tech Smart Park to get nod
The cabinet is expected to approve the 12-billion-baht Smart Park industrial estate this September, the first step to make the eastern coast a high-tech industry hub in the region.
Dull debenture market forces property firms to take bank loans, pushing costs up
Property companies are facing problems in issuing debentures in the second quarter, and are having to take loans from banks, which will push up their costs.
Thai businesses urged to tap China's growing online market
The government is urging Thai businesses to increase exports by finding Chinese online channels to sell their products. The Department of International Trade Promotion (DITP) has ordered directors of Thai Trade Centres...
Defence-tied industrial estate on tap
The Defence Ministry plans to invite foreign business people to invest in Thailand's first defence industrial estate in Kanchanaburi under the public-private partnership model...
FPT transferring assets to FTREIT unit
Real estate firm Frasers Property Thailand (FPT) will divest itself of 6 billion baht in industrial assets to be transferred to the subsidiary Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT)...
Cabinet approves Bt2 billion loan to boost housing authority's liquidity
The Cabinet has given the okay to the National Housing Authority (NHA) to take a Bt2 billion loan to mitigate its liquidity shortage or use as capital under the public-debt management plan for the 2020 fiscal year.
E-commerce, tech tipped for 5-10 years
Large business investment trends, particularly e-commerce and digital healthcare, are poised to accelerate over the next 5-10 years following the pandemic, says Tisco Securities.
Despite the coronavirus igniting the trend of remote working, analysts see minimal impact on office properties, saying the market can withstand the pandemic with more stringent safety and hygiene standards.
Ministry to consider tax perks to stimulate retail spending
The Finance Ministry is ready to consider retail operators' proposal for tax breaks on shopping to stimulate domestic spending, says Finance Minister Uttama Savanayana.