Top Thailand Property News Of The Week - 3 December 2018
07 Dec 2018
The top residential and commercial real estate news of the week - 3 December 2018
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.
Plan to shepherd 600,000 SMEs into e-commerce next year
Roughly 600,000 small and medium-sized enterprises (SMEs) will be brought into the government's measures for better accessibility of the e-commerce platform in 2019 in a bid to increase their competitiveness in the global market.
Singha Estate scores huge as new office tower opens
Singha Estate's will divide its property businesses into two income streams of equal strength, namely commercial spaces for recurring revenue and residential condos for capital gains, says CEO Nar.Cheyklin.
Loan curbs unsettle market, rail links lift hopes
Homebuilders scramble to offload inventory as deadline for new rules nears. The Bank of Thailand(BOT)'s new measures on loan-to-value(LTV) restrictions are raising concerns of both developers and buyers.
3-Airport Rail Link to start amid glut
After waiting longet than a year to restart sales, some builders were slammed with the Bank of Thailand's curb on home loans in face of a loming housing oversupply.
A Word of Caution from a top realty agency
From a top realty agency, a combination of oversupply and weak foreign buying spells trouble for market. Uncertainty is looming the Bangkok residential property market.
Consumer mood sours for third consecutive month
The consumer confidence index tumbled to a six-month low in November on concerns about ebbing tourism revenue and falling crop prices, says the University of the Thai Chamber of Commerce.
Thumbs up for shopping incentive
The private sector has voiced confidence in the tax incentives offered by the government for shopping from December 15 until January 16, 2019, as it will push up domestic spending and boost the country’s gross domestic product in the fourth quarter of this year by 0.1 to 0.2 percent.
Developers advised to be alert in 2019
Residential developers should seek strategies to cope with the Bank of Thailand's new requirements on mortgages, be cautious of new supply and manage financial liquidity as the new lending rules and rising interest rates will hit demand next year.
Siri Ventures to power up 6 startups
Siri Ventures will next year invest Bt600 million into startup and innovation technology to support a property project, while also launching the Siri Ventures Private PropTech Sandbox.
Developers hitch wagon to co-working space
The number of co-working space facilities are expanding in Thailand amid changing business models towards a sharing economy, prompting property developers to develop co-working spaces at their commercial buildings, property experts said.
Property market forecast to slow in 2019
The property market will slow next year amid negative factors such as new mortgage lending requirements, an uptrend in interest rates and the prolonged US-China trade war.
VAT refund on up to B20,000 in store
The Finance Ministry plans to offer a value-added tax (VAT) refund to shoppers who spend up to 20,000 baht from Feb 1 to 15 next year in a bid to boost domestic spending amid murky economic prospects.
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