The deterioration of Bangkok’s office rental rates arrested in the first quarter according to Knight Frank Thailand’s research. Bangkok’s overall vacancy rate now stands at 12.37 per cent, up from 12.07 per cent in the fourth quarter 2009, with the highest vacancy rates recorded in the market’s second largest sector by size (Grade A), which is a now reporting an average vacancy rate of 14.91 per cent.
This indicates that there is a decline in demand due, the company believed, to the uncertainty created by ongoing political unrest, but the pace of this decline has been slowing.
Grade A and Grade C rents showed very minor falls from the fourth quarter 2009, standing at Bt634 and Bt349.9 per square meter respectively and even a very slight improvement in the resilient Grade B sector, which saw rents grow from Bt469.58 to Bt497 per square meter, effectively halting the decline in the overall average rental rates that we witnessed throughout 2009.
Thailand maintains Emergency Decree while easing Covid-19 restrictions
The Center for COVID-19 Situation Administration (CCSA) has extended the Emergency Decree until November 30th, but further relaxed some measures.
Thailand’s Centre for COVID-19 Situation Administration (CCSA) approved a proposal to shorten the nighttime curfew to 10pm-4am, instead of the current 9pm-4am, and to resume other types of businesses from October 1st.(more…)
Thailand Approves Package to Attract Wealthy Foreigners and Professionals
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.(more…)
China’s economy stumbles on power crunch
BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks...
Quarantine-Free Thailand Reopens for Vaccinated Tourists From 1 November 2021
The Tourism Authority of Thailand (TAT) would like to confirm that Thailand is all set to welcome fully vaccinated foreign...
The ASEAN-India Trade in Goods Agreement
The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and...
Bangkok lifts more COVID-19 restrictions
In response to the Royal Thai Government’s announcement to relax more COVID-19 controls in the dark-red zone provinces, which include...
Thailand lifts curfew in ‘Blue Zone’ destinations from 31 October 2021
Bangkok, 22 October, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update that the night-time...