Top Thailand Property News Of The Week - 3 May 2021
The top residential and commercial real estate news of the week - 3 May 2021
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.
Jay Mart targets JFin uptake
SET-listed Jay Mart is gearing up for mass adoption of its JFin coins, which can serve as a tool for customers using the token to purchase services from the company and its subsidiaries. The company also aims to provide the coin to 5,000 employees under an employee token ownership plan (ETOP) as well as 4,000 sales agents for the first time in the country.
Singha eyes investment in industrial park
SET-listed property firm Singha Estate plans to invest 2.42 billion baht to develop World Food Valley industrial estate on 1,790 rai in Ang Thong's Chaiyo district. The investment includes 510 million baht for the entirety of shares of Park Industry Co, which owns the estate, and 1.72 billion baht for development of the estate and other costs.
Modern trade index down in Q1
The modern trade sentiment was far from showing any signs of recovery in the first quarter after it plunged to the lowest rate in three quarters as a result of weakened purchasing power amid the Covid-19 crisis.
Chiang Mai sandbox on course for October
The Chiang Mai sandbox model will go ahead as planned on Oct 1 and target tourists from Asia as operators expect to receive a windfall from the Phuket sandbox.
Hotel sector wants to extend domestic stimulus schemes
The hotel sector is urging the government to extend domestic stimulus programmes to cover the high season in the final quarter, after those projects were interrupted by the third outbreak.
Saksayam pushes for megaproject
Transport Minister Saksayam Chidchob has urged agencies to expedite the southern land bridge megaproject, which will connect the Gulf of Thailand with the Andaman Sea. After participating in a video conference on the project, Mr Saksayam said 16-metre-deep ports will be constructed at both ends, with direct connections to the nation's rail and highway networks.
Pent-up Demand to Drive Phuket Villa Market in 2021
Though property market remains sluggish as the third wave of COVID-19 hit Thailand, CBRE, a leading international property consultant, has witnessed an active real estate market as enquiries for buying luxury villas have been increasing since Q4 2020 with demand coming from both local and international purchasers as the villa supply remains limited due to developer’s delays in new launches and shortage of suitable development sites.
Controversial law on personal data again postponed, for another year
The cabinet has approved the deferral of the full enforcement of the Personal Data Protection Act (PDPA) slated for this June by another year, with the explanation the country is facing a difficult time with the pandemic and the legislation’s related processes have yet to be settled.
Bangkok land price index drops 2.2% in first quarter
The land price index in greater Bangkok recorded a quarterly drop in the first quarter this year for the first time since the index began in 2012 due to the impact of the pandemic, according to the Real Estate Information Center (REIC).
CPN takes its centres online via Line
Central Pattana Plc (CPN) is launching online delivery and drive-thru services to lessen the impact of a decline in shoppers due to the latest Covid-19 wave. The service is available at CentralWorld, Central Village and Central Phuket, and the company plans to include more shopping centres in the future.
Bangkok ranks top in Asia for digital nomads
Bangkok is the most popular city in Asia for digital nomads and ranks fourth globally, according to a study. Digital nomads are defined as those who can work anywhere via telecom technologies by using laptops, often at coffee shops, co-working spaces and public libraries.