Top Thailand Property News Of The Week - 18 May 2020

The top residential and commercial real estate news of the week - 18 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.

April confidence hits in 11-year nadir
Bangkok Post
Thailand's industrial confidence index stood at 75.9 in April, its lowest in 11 years, and a slight decrease across all sectors from 88 the month before.

Crowded Bangkok shopping area threatened with closure
The Nation
Shops and stalls in a busy Bangkok soi have been threatened with closure unless they start complying with social distancing measures to halt the spread of Covid-19.

In-mall operators ask for distancing standards
Bangkok Post
A group of mall operators has called on the government to help design standardised guidelines for restaurant operators and to extend service times to recoup sales opportunities.

Alibaba lures Thais with overseas sales
Bangkok Post
Chinese e-commerce giant Alibaba is encouraging Thai businesses to use its platform to boost their sales in overseas markets as online sales have jumped during the pandemic.

More than 5m shoppers sign up to ThaiChana contact-tracing platform
The Nation
A total of 67,904 businesses nationwide had registered for the government’s ThaiChana (Thai Victory) platform as of 9pm on Tuesday (May 19)...

More than half of SMEs unable to access govt soft loans FTI
The Nation
The Federation of Thai Industries (FTI) has revealed that more than 50 per cent of small and medium enterprises (SMEs) are unable to access soft loans provided by the government and financial institutes.

Housing market set to post 15% decline
Bangkok Post
The pandemic is likely to cause the residential market nationwide to fall by 15% this year, in line with a forecast 5.5% contraction of GDP growth...

Mall operators seek to recoup sales losses
Bangkok Post
A group of mall operators has called on the government for remedy, citing losses of almost 15 billion baht worth of sales revenue during forced closure between March 22 to May 17.

WHA chief urges govt to lure investors leaving China after Covid-19
The Nation
There is a strong possibility of investments moving from China to Southeast Asia after the Covid-19 crisis is resolved, and the Thai government...