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Top Thailand Property News

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

Boris Sullivan

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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.

Motorists face Green Line traffic chaos
Bangkok Post
Traffic chaos on Phahon Yothin Road is expected to worsen when construction of the Green Line rail extension from Mor Chit to Pathum Thani starts this month. Traffic conditions are expected to deteriorate particularly from the Ratchayothin intersection and the Kasetsart University intersection when the flyovers at the two intersections will be removed to pave the way for construction of the 19km of elevated rail track.

Developers focus on luxury condos in Bangkok CBD as land prices rise
The Nation
Units in a luxury condominium in Bangkok will go on the market at a record-high price of at least Bt500,000 per square metre next year when Sansiri launches its ready-to-stay project on Wireless Road. “We will offer a starting price of Bt500,000 per square metre, or perhaps more, when launching the project to the market in the middle of 2016,” said Srettha Thavisin, president of the residential developer.

Property tax back on agenda
Bangkok Post
The much-touted land and buildings tax is expected to be at the top of the cabinet’s agenda over the next two months after a delay since March based on public concerns about burdensome taxation. The draft bill on the new property tax is pending Finance Ministry consideration before seeking approval from the cabinet and the National Legislative Assembly (NLA), said Finance Minister Sommai Phasee.

Source: Top Thailand Property News

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Investment

Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says

The BCG model, as defined by the Thai Government, encompasses industries that allow inclusive, sustainable growth while reducing waste, pollution and dependence on finite resources.

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In the first nine months of 2020, local and international companies applied to invest as much as $1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to data collected by the Thailand Board of Investment (BOI).

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Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

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BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

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Companies

Thai Firm to produce 200 million doses of Covid-19 vaccine

Thai Firm Siam Bioscience Joins with AstraZeneca to Make COVID-19 Vaccine for Southeast Asia and says it will produce 200 million doses of its anti-coronavirus vaccine in Thailand next year.

Olivier Languepin

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Thailand aims to vaccinate up to half of its population against Covid-19 next year according to the director of its National Vaccine Institute, Dr. Nakorn Premsri.

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