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Top Thailand Property News Of The Week

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.

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The top residential and commercial real estate news of the week – 17 June 2019

Digital projects spur rush for investment sweeteners
The Nation
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
Bangkok Post
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
Bangkok Post
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
Bangkok Post
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
The Nation
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
Bangkok Post
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
Bangkok Post
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
Bangkok Post
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
Bangkok Post
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
The Nation
China-dominant investment in property spreads across the region, transforming the look and affordability of Cities.

Chinese veer from condos
Bangkok Post
Buyers from mainland China are slowing their condo purchases in Bangkok because of the strong baht, overpriced units and a supply glut.

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Olivier Languepin

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The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill.

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Increasing alignment of corporate real estate’s (CRE) strategic goals with broader enterprise priorities is a key insight emerging from JLL’s top 10 CRE trends for 2019. 

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Commercial real estate markets in Asia Pacific delivered strong total returns for investors in recent years.

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