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.
Record low sales rate hits Bangkok condo market
Bangkok hit a decade-long record for new condos entering the market, with 65,000 new units launched throughout 2018, but the sales rate fell to a 15.7% record low.
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.(more…)
What’s top of mind for corporate real estate in 2019?
Flex isn’t just co-working, and it’s evolving rapidly. Companies both large and small are increasingly implementing new space concepts and flex models whilst also reimagining their existing workplace to be more agile and dynamic.
Asia Pacific’s real estate returns in a multi-currency landscape
On a three-year time horizon, JLL forecasts the highest annual total returns denominated in local currency to come from Singapore (12% p.a.), followed by Tier 1 cities in China and India.
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...