Top Thailand Property News Of The Week - 29 June 2020
The top residential and commercial real estate news of the week - 29 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.
Locals want Chana estate project axed
Residents of Chana district in Songkhla have petitioned Prime Minister Prayut Chan-o-cha to help halt a government plan to construct an industrial complex near the ocean, where many locals earn a living.
Buyers' new priorities
The work-from-home trend, transport route expansion and health-conscious living will become major factors in shaping expectations in the Thai residential market as a result of the Covid-19 outbreak, according to CBRE Thailand.
Italthai's hospitality arm to open 12 new hotels in Asia
Italthai is preparing to open 12 new hotels across Asia as the hospitality industry emerges from a lockdown that caused domestic and international revenues to drop 60-70 percent.
Crisis shutters 404 factories
Up to 16,680 factory workers lost their jobs in Thailand in the first six months of the year, with 404 factories closing down, as the pandemic continues to hamper the economy...
Serviced apartment balancing act
The serviced apartment market in Bangkok relies on both short- and long-stay guests. But in light of coronavirus-related travel restrictions, short-stay demand has plunged...
Covid-19 outbreak boosts online sales of agricultural products
The Agriculture and Cooperatives Ministry is cooperating with several private sector operators on selling agricultural products, both offline and online, to raise farmers' income.
Asset-management firms waiting to swoop on bad debts
Finance Minister Uttama Savanayana said he is not worried about the Covid-19 crisis pushing up the number of bad debts, while stock analysts are predicting...
How grocery retailers can grow after the world reopens
As the Covid-19 outbreak spread, customers quickly adapted to social distancing measures by adopting new online methods to buy everyday groceries.
May index sees slight rise after lockdown eased
Thailand's manufacturing production index (MPI) in May climbed slightly from April to 80.3, but was still down by 23.1% year-on-year.
Fresh bid to protect online consumers
A group of organisations has called for a centre to take charge of protecting online consumers as they faced no less risk of being scammed than customers in physical markets.