Top Thailand Property News Of The Week 14 Mar 2022

The top residential and commercial real estate news of the week - 14 March 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.

Dept eyes Singapore-Phuket cruise plan
Bangkok Post
The Department of Disease Control (DDC) will discuss with Singapore a new protocol allowing tourists to take cruises to Phuket from the island nation.

Tour stimulus approval lag set to wreak havoc
Bangkok Post
A delay in the approval process for the troublesome tour stimulus campaign is expected to affect travellers and cause tour companies to face losses.

Surge in exports beefs up residential demand in EEC
Bangkok Post
A surge in exports last year propelled residential demand in Eastern Economic Corridor (EEC) provinces, with growth momentum expected to carry on this year, according to local property developers.

NVD, KE co-invest in high-end project
Bangkok Post
SET-listed developer Nirvana Daii (NVD) has co-invested with KE Group to develop a high-end housing project worth 2.6 billion baht on New Krungthep Kritha Road, with former chief operating officer of Raimon Land, Adrian Lee, joining the development.

Accor set to expand presence in Thailand
Bangkok Post
Accor is continuing to expand its footprint in Thailand with at least 17 additional hotels scheduled to open in five years. The company is pleading for the easing of travel restrictions to increase competitiveness for Thai tourism.

Taking tourism to the future
Bangkok Post
As tourism enters the third year of the global pandemic amid a slow recovery, a tremendous effort to sustain the sector is still needed, particularly from the private sector, which has worked hand-in-hand with the government.

Self-built homes hit by cost hike
Bangkok Post
Prices of self-built homes will rise 5-8% after the Russia-Ukraine conflict pushed up prices of metals and fuel by more than 50% in less than a month, according to the Home Builder Association.

DSI urged to probe unfinished condos
Bangkok Post
Twenty local and foreign investors yesterday lodged a complaint with the Department of Special Investigation (DSI) against a condominium developer who they claimed duped them into buying units in Chiang Mai that were never finished.

Perks for 7 EEC zones to be introduced soon
Bangkok Post
Details of special incentives for seven economic zones in the government's flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days.

Is stagflation looming?
Bangkok Post
With Thailand's inflation galloping, unemployment relatively high and the outlook for economic growth dimmed by another outbreak of Covid-19, economists and analysts are increasingly warning of a possible bout of stagflation.