The top residential and commercial real estate news of the week – 17 June 2019
Digital projects spur rush for investment sweeteners
The country’s digital industry is making rapid gains, with companies behind 46 projects worth Bt4.35 billion requesting investment promotional privileges in the first quarter of this year, the Board of Investment (BOI) said.
Central reshuffle adds fintech, finance lines
Central Group has restructured its business lines, adding financial services and fintech to its core businesses as part of the group’s vision to become a retail tech company.
EEC Office supervisory committees get approval
Supervisory committees will be set up to supervise the construction of the high-speed rail network linking three key airports and other infrastructure projects.
Return secures duty-free bid
The high returns of 23.5 billion baht promised by duty-free giant King Power helped it to secure the concessions to run duty-free operations and other commercial areas across four airports, according to Airports of Thailand (AoT).
Changes seen in Bangkok office market by 2022
Bangkok’s supply of office space totalled 8.95 million square metres at the end of the first quarter of this year, increasing by 1.9 per cent year on year, according to CBRE Research.
SEPO seeks PPP nod for medical hub
The State Enterprise Policy Office (Sepo) will push a medical complex with investment value of 10 billion baht in Bangkok’s Chatuchak district to proceed under a public-private joint investment scheme.
Unmanned ICC store ready
In keeping with rapid change in the fashion business and digital technology, ICC International Plc, the marketing arm for fashion and cosmetics under Saha Group, plans to open its first experimental unmanned store this month.
GSB, GH Bank to fund cheap house project
State-owned Government Savings Bank (GSB) and GH Bank will jointly extend pre- and post-financing worth 4 billion baht for five low-cost residential projects under the Pracharath Thai housing scheme.
Declining tourist numbers put pressure on THAI
Passenger traffic during the low tourism season in the third quarter will have a direct bearing on Thai Airways International Plc’s (THAI) revenue for the entire year, says a source at the national carrier.
Chinese investors shine in Asian realty
China-dominant investment in property spreads across the region, transforming the look and affordability of Cities.
Chinese veer from condos
Buyers from mainland China are slowing their condo purchases in Bangkok because of the strong baht, overpriced units and a supply glut.
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.
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.
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.
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