Top Thailand Property News Of The Week - 10 Jan 2022

The top residential and commercial real estate news of the week - 10 January 2022

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.

Japan to keep Thailand as production hub
Bangkok Post
Japan wants to maintain Thailand as its key production base, agreeing on Thursday to move ahead with cooperation plans on green industry and advanced technological development.

Call for delay of new tourist entry fee
Bangkok Post
The new 300-baht tourism fee due to take effect in April is drawing mixed reactions from tourism operators as the recovery remains tepid and fragile.

M&S lifts profit outlook as food range drives sales
Yahoo Finance UK
Marks and Spencer (MKS.L) saw a surge in food sales in the last quarter of the year, getting a boost from Christmas shopping, as it lifted its profit outlook. Sales in its popular food division increased 12.4%.

4,000 a day applying to visit Phuket
Bangkok Post
Phuket remains a popular travel destination among international arrivals as over 4,000 applicants are submitting forms to enter the resort island via the Thailand Pass system each day, the Phuket Tourism Association (PTA) said on Tuesday.

AQ hotels in Bangkok record uptick in demand
Bangkok Post
Alternative quarantine (AQ) hotels in Bangkok are seeing more demand after the suspension of the Test & Go scheme, while some hoteliers prepare to become hospitels, providing beds as Covid-19 infections increase.

Sansiri eyes B150bn projects
Bangkok Post
SET-listed developer Sansiri Plc will spend 20 billion baht to launch new residential projects worth a combined 150 billion baht, with a presales target of 120 billion baht during 2022-24.

AssetWise strengthens growth with 2 Bangkok condo projects
The Nation
In the first, AssetWise has partnered with leading Japanese developer Takara Leben to create Atmoz Bangna, a 2.2-billion-baht residential project in Bangkok’s Bang Na district.

Lalin preps 10-12 new projects
Bangkok Post
Despite an expected recovery in the property market, SET-listed developer Lalin Property Plc will cautiously move forward this year by planning 10-12 new projects worth a combined 8 billion baht, aiming for growth of 10%.

Pandemic heightens generational property divide
Bangkok Post
Gen Y and Z homebuyers remain concerned over income security and future uncertainty, while Gen X property owners appear able to quickly recover from the pandemic, according to a study by Terra Media and Consulting.

Pandemic heightens generational property divide
Bangkok Post
Gen Y and Z homebuyers remain concerned over income security and future uncertainty, while Gen X property owners appear able to quickly recover from the pandemic, according to a study by Terra Media and Consulting.

Bangkok, Pattaya eye sandbox deal
Bangkok Post
Tourism operators in Pattaya and Bangkok have expressed concern about unequal opportunities to welcome tourists because they are not in a sandbox scheme as the Test & Go programme is suspended indefinitely. These operators have a negative business outlook and expect more job losses.