Real Estate
Property sector in Bangkok still booming, but bubble risk is hovering
The country’s real estate stocks have been on the boil with the index of property stocks up 28 per cent in the last three months and many listed companies have raised profit forecasts, confident of capitalizing on what they say is insatiable local demand.

From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.
The country’s real estate stocks have been on the boil with the index of property stocks up 28 per cent in the last three months and many listed companies have raised profit forecasts, confident of capitalizing on what they say is insatiable local demand.
Other Asian governments, worried about asset bubbles and housing affordability, have tried to yank back their respective markets, with Thailand’s nearby neighbor, Singapore, the latest to unveil a slate of tightening measures. But Thailand is unlikely to follow suit, analysts said.

Coming up: The number of new condominiums in Bangkok more than tripled to 13,028 in Q1, from only 3,389 in Q2 when Thailand rebounded.
‘Interest rates are still low. There’s still huge demand, particularly with units from listed companies. Growth in the property market tends to move in tandem with GDP and the economic fundamentals are more sound now,’ said Sorapong Jakteerungkul, a property analyst at Kasikorn Securities.
He pointed out that the government’s only move has been to raise its key policy rate from a record low of 1.25 per cent by half a percentage point, a rate is still low amid rebounding consumer spending.
‘Lifestyles are changing and there’s not been many obstacles for young workers and first-time buyers with low purchasing power to get credit,’ he said.
The number of new condominium units in Bangkok more than tripled to 13,028 in the first quarter, compared with only 3,389 in the second quarter of 2009, when Thailand emerged from its first recession in 11 years, according to Bank of Thailand data.
via Property sector in Bangkok still booming.
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.
Property
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns

We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.
Corporate
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
- Business1 week ago
Asia-Pacific sees 3.9% growth in deal activity in February 2021
- Environment6 days ago
Diamonds are forever but “James Bond Island” in Phang Nga Bay may not
- Business3 days ago
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
- Environment2 days ago
Southeast Asia remains a hot spot for plastic pollution