The top residential and commercial real estate news of the week – 24 June 2019
NCC counts on stopgap events hall
NCC Management & Development, the venue management firm and operator of Queen Sirikit National Convention Center, expects a new convention hall at Samyan Mitrtown to offset income lost while rebuilding QSNCC.
Property Perfect sells over 50% of YU Kiroro
Property Perfect showcases the sale of its first condominium project in Japan, “Yu Kiroro”, marking the milestone sales of 1.8 billion baht, or over 50% of available units.
Building for a rapidly changing society
Homebuyers are changing their purchase behaviour, demanding that residential buildings be designed with the facilities to serve people of multiple generations, especially innovations…
Building to a slowdown
The Thai property market is expected to continue slowing in the remaining months of the year, weighed by the global economic slowdown, the escalating US-China trade war…
Ideas 1606 taps beachfront demand with Natai villas
Demand for luxury villas in beach destinations from Thai business owners remains strong despite unfavourable sentiment as they take advantage of low interest rates.
Agencies push Pattaya as Mice centre
The Thailand Convention and Exhibition Bureau (TCEB) has joined with the Eastern Economic Corridor (EEC) Office and Pattaya City to develop the resort destination into a “Mice Metropolis”.
Blue Line impact growing
The extended MRT system will ultimately carry 1 million passengers per day, creating new development opportunities.
FTI seeks measures to rein in baht
The Federation of Thai Industries (FTI) is calling on the Bank of Thailand to launch new measures to rein in the baht’s rapid gains after the currency hit a more than six-year high, aiming to prevent the export slump from deepening.
Rail, port winners to ink contracts in July
The high-speed rail project linking Suvarnabhumi, Don Mueang and U-tapao airports and the third phase of Map Ta Phut port worth a combined 271 billion baht.
AoT seeks govt’s nod for B202bn plan to build new airports
Airports of Thailand Plc (AoT) will ask the new government to approve its 202-billion-baht development plan, including investing in new airports in Phuket and Chiang Mai.
Small hotels set to legalise ventures
Some 5,000 non-registered small hotels are expected to legalise their business after a recent order issued by the National Council for Peace and Order (NCPO).
New mortgages slipping
The number of new mortgage borrowers sank 8% year-on-year in April after the launch of loan-to-value (LTV) curbs at the start of that month, says a senior official at the Bank of Thailand.
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.
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.
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