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Top Thailand Property News Of The Week - 11 May 2020

May 15, 2020
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The top residential and commercial real estate news of the week - 11 May 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.

Post-Covid retail transformation
Bangkok Post
Despite the challenges posed by the Covid-19 pandemic, many industries are eagerly waiting to resume activity with adjusted plans and targets for the third and fourth quarters of 2020.

New tax may see homeowners sell extras
Bangkok Post
The new land and buildings tax will force homeowners to reduce residential units being held and shift housing development to larger units, as only principal homes will be exempted.

IEAT revises down expected sale of industrial land
The Nation
The Industrial Estate Authority of Thailand (IEAT) has revised downward its forecast for sale of land in industrial estates across the country for the 2020 fiscal year...

Two-thirds of Thai industries will find it
The Nation
Most Thai industries will find it difficult to survive in the post-Covid era, the Federation of Thai Industries (FTI) warned as it called on the government to join the Comprehensive and Progressive Agreement...

State urged to compensate mall tenants
Bangkok Post
The government is being urged to compensate tenants of shopping complexes whose businesses were hit by the coronavirus outbreak at 10,000 baht a month for three months to boost their liquidity.

Smart city push pilots 'new normal'
Bangkok Post
A policy to improve quality of life, lower social disparity and facilitate the "new normal" in the aftermath of the Covid-19 pandemic has been approved, an official said.

Big changes ahead in industry after Covid-19
The Nation
Workers aged between 40 and 45, who are doing fewer shifts and earning less as well as those whose jobs stand to be disrupted by technology must improve their skills

New normal requires discipline
Bangkok Post
One week after the government eased the lockdown, citizens are experiencing a new way of life. Many things may have been changed for the past several months and mat remain until we can invent a vaccine for Covid-19.

Getting ahead of disruption
Bangkok Post
As more businesses get ready to reopen on May 17, whether businesses are equipped to handle the relaxed conditions remains a question, along with what is in store for them as the virus wreaks havoc worldwide.

Over 10,000 vendors put wares on sale as Chatuchak market opens its doors
The Nation
A senior official of Bangkok Metropolitan Administration (BMA) inspected Chatuchak Weekend Market on Saturday (May 9) on the first day of its reopening after being closed since March 22...

Plans to reopen Chiang Mai walking streets shelved
The Nation
Chiang Mai has deferred its plans to reopen the Saturday Wualai Walking Street and Sunday Rajdamnoen Road Walking Street, as well as the Night Bazaar...

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