Real Estate
Rally deters home-buyers in Bangkok
The number of prospective home-buyers visiting residential projects in Bangkok fell by 20 per cent last week because of the red-shirt rally, a survey by The Nation has found.
Business Housing Association president Issara Boonyong said that most home-buyers were afraid of violence arising from the rally, so they delayed visits to development sites near the demonstration.
Issara, who is also managing director of Kanda Property, which is developing residential projects at Rama II and Pracha-Uthid, said the number of customers visiting his company’s projects dropped from the usual 50 per site to about 40.
Thai Condominium Association president Atip Bijanonda said consumer confidence faltered when home-buye
rs once again faced political uncertainty. When the number of customers visiting residential projects in the first week of March was compared with that in the second week, when the red-shirt rally occurred, the drop was about 20 per cent.
via Rally deters home-buyers.
Lifestyle
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)Property
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...