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Top Thailand Property News Of The Week 12 December 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.

December 16, 2022


The top residential and commercial real estate news of the week - 12 December 2022

Phuket cashes in as tourists return
Bangkok Post
Phuket has emerged as the tourist destination raking in the highest earnings this year in Thailand, collecting at least 127 billion baht in tourism revenue in the first 10 months of 2022, said government spokeswoman Tipanan Sirichana.

FN Factory scales down, includes anchors
Bangkok Post
SET-listed FN Factory Outlet, the operator of FN outlets, has transformed from a retail factory outlet to a retail developer, planning to build more consumer product brands as a new source of income.

Growth to slow in 2023 as local market saturates
Bangkok Post
The growth of business-to-consumer (B2C) e-commerce is expected to soften to 4-6% in 2023, the slowest rise in three years, caused by market saturation in the wake of the pandemic coupled with high inflation, says Kasikorn Research Center (K-Research).

Phuket hotels lack workers
Bangkok Post
A stronger occupancy rate and the abrupt surge of the Russian market has Phuket hotels facing a labour shortage during the high season, prompting operators to urge the government to help attract more foreign workers to shore up the market.

PIN allots B1.6bn to renewable efforts
Bangkok Post
Industrial estate developer Pinthong Industrial Park Plc (PIN) plans to allocate 1.6 billion baht to invest in renewable energy projects by installing floating and rooftop solar panels at its industrial estates.

Greater Bangkok condo launches decline in Q3
Bangkok Post
New condo supply launched in Greater Bangkok in the third quarter dropped consecutively from the first and second quarters as inflation and rising interest rates affected development costs.

52,000 title deeds to be given
Bangkok Post
The Land Department has kicked off its 2023 land survey campaign, aiming to issue 52,000 land titles to people in 69 provinces. Suttipong Juljarern, permanent secretary for the interior, yesterday issued guidelines for land officials to carry out the land survey in fiscal year 2023.

One Bangkok announces strategic leasing partnership with CBRE and JLL
CBRE Thailand
One Bangkok, the largest holistically integrated district in the heart of Bangkok being developed by Frasers Property and TCC Assets, announced a strategic partnership with CBRE and JLL introduce the market to the first two office towers at the heart of Bangkok CBD.

Homebuyer confidence rises two years in a row
Bangkok Post
The homebuyer confidence index in 2022 improved for the second consecutive year as owners of all sizes of businesses were more confident about the current and future economy, according to property research and consultancy Terra Media and Consulting.

Standard forecasts continuing tourism growth
Bangkok Post
Standard International, a hospitality subsidiary of SET-listed developer Sansiri, is expecting this year's strong tourism recovery to continue into 2023, with the resumption of the Chinese market a key driver.

Revenue office upbeat on fiscal 2023 target
Bangkok Post
The Revenue Department expects to meet its target for revenue collection of 2.2 trillion baht in fiscal 2023, according to director-general Lavaron Sangsnit.