Top Thailand Property News Of The Week 11 Apr 2022

The top residential and commercial real estate news of the week - 11 April 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.

Best Bonded Warehouse eyeing growth
Bangkok Post
Growing demand for goods storage facilities is encouraging local warehouse service provider Best Bonded Warehouse Co to grab this business opportunity by allocating 2.4-billion-baht in capital spending -- a record high for the company -- to almost double its warehousing capacity.

Test & Go may be binned soon
Bangkok Post
The government will next week consider scrapping the Test & Go entry scheme and Thailand Pass registration as it aims to pull in more visitors to help the tourism sector.

Phuket boat trips to boom over Songkran festival
Bangkok Post
Tourists travelling by boat and ferry around this southern island province are expected to reach 10,000 per day during the five-day Songkran holiday which begins on Wednesday, local authorities said. Natchapong Pranit, director of the Regional Marine Office's Phuket Branch, said there are 22 piers in Phuket and tourist numbers have doubled.

Nok Air seeks aid for flights to Betong, Nakhon Ratchasima
Bangkok Post
Nok Air is calling for further assistance in terms of operational costs to sustain its flights to Betong and Nakhon Ratchasima. Meanwhile, tourism operators aim to sell at least 2,500 packages for the Betong route over the next three months.

CMG adjusting strategies to overcome impact of the pandemic
Bangkok Post
Central Marketing Group (CMG) under Central Retail Corporation vows to continue adapting its business strategies to overcome the impact of the prolonged pandemic.

AWC looks to Chiang Mai for expansion
Bangkok Post
SET-listed Asset World Corp (AWC) is pinning its hopes on a full reopening in the second quarter, focusing on a footprint expansion in Chiang Mai with three hotel projects this year.

Tourism banking on digital realm
Bangkok Post
The Covid outbreak has been a catalyst for disrupting the tourism and digital landscapes, hastened when social media giant Meta (formerly Facebook) announced a rebranding towards the metaverse last year. The metaverse frenzy created a great amount of global hype, but it is still too early to predict how this trend will play out once people become more aware of it.

Centara Osaka debut slated for July 2023
Bangkok Post
Centara Hotels & Resorts has confirmed a July 2023 opening date for Centara Grand Hotel Osaka. Thirayuth Chirathivat, the group's chief executive, was recently in Japan for the project's topping-off event alongside executives from Centara's partners: Taisei Corporation and Kanden Realty & Development.