Top Thailand Property News Of The Week - 7 September 2020
The top residential and commercial real estate news of the week - 7 September 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.
Central bank says revised LTV rules will stay put
The revised loan-to-value (LTV) regulations will remain in place to curb risks accumulating in the property sector, says the Bank of Thailand.
TAT says country ready to reopen
Thailand will have to tolerate the possibility of new coronavirus cases when it reopens its borders to international tourists, but the country can minimise the impact...
Developers get creative to stay afloat
Since condominium developers thrive for survival after the market was hit hard by the COVID-19 pandemic, promotional campaigns became a necessity...
Country Group puts new projects on hold
SET-listed Country Group Development is freezing new development plans in the second half but says it will still open two luxury hotels this year.
Thai industrial estates very attractive to foreign investors
Industry Minister Suriya Juangroongruangkit said he is confident that businesses in the region, especially those in food and medical equipment sectors, are keen to relocate their production bases to industrial estates in Thailand.
Phuket entry pilot stalled slightly
The government is confident that a new reopening plan for Phuket will conform with public opinion, while a local hotel association is calling for safe, pragmatic and strategic entry for foreign travellers.
Phuket hotels 'need immediate help to survive upcoming high season'
Phuket’s hotel industry is reaching breaking point and the government needs to step in and offer serious economic support to help it survive the upcoming high season, industry leaders said.
New subsidy meant to help small businesses, govt insists
The government insists its new stimulus package “Kon La Khreung” (Let’s Go Halves) aims to benefit consumers and small businesses, not capitalists as has been claimed by critics on social media.
Adaptability and e-commerce
The first half of 2020 has been arguably one of the most challenging periods the Thailand retail industry has faced in over a decade. The international property consultancy CBRE says the degree of uncertainty...