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Top Thailand Property News Of The Week 14 November 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.

November 18, 2022


The top residential and commercial real estate news of the week - 14 November 2022

Thailand's EEC is an opportunity not to be missed
Bangkok Post
This is a special year for our region. This month, Southeast Asian capitals play host to three major summits. Cambodia hosted the Asean Summit from Nov 10-13 and the G20 Summit has just been held in Bali, Indonesia. This weekend, Thailand hosts the annual leaders' summit of the Asia Pacific Economic Cooperation (Apec).

Hotel bosses push for Songkhla 'Sunset Strip'
Bangkok Post
The Hatyai Songkhla Hotels Association is urging local authorities to approve a night entertainment strip in Ban Dan Nok, Sadao district of Songkhla, which borders Malaysia, to boost the local economy and attract more visitors from the neighbouring country.

Bangkok land prices rise 10.3% in Q3
Bangkok Post
Despite the collection of the land and building tax increasing to the normal rate, prices of vacant land in Greater Bangkok continued to rise, posting year-on-year growth of 10.3% in the third quarter of 2022, the highest in five quarters.

As the UK pound plummets, more Americans are snapping up luxury London properties
From sky-high mortgage rates to inflation, now might be the worst time to buy a new home in the US. But in the UK, it’s a different story. Affluent Americans stand a much better shot at getting their hands on a piece of prime real estate if they buy in Britain—that is, if they pay in dollars instead of pounds.

CIB probes irregular trading of MORE shares, fraud suspected
Bangkok Post
The Central Investigation Bureau (CIB) has set up a committee to probe the irregular trading of More Return Plc (MORE) shares.

Ananda, SC see healthy 9 months
Bangkok Post
Residential transfers for SET-listed developers SC Asset Corporation and Ananda Development kept rising in the first three quarters as market sentiment improved.

Hotels optimistic about Mice segment
Bangkok Post
Hotels are upbeat about gaining more bookings from tourists and the Mice (meetings, incentives, conventions and exhibitions) segment following the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok.

Land rules need rejig
Bangkok Post
Foreign land ownership isn't a novel issue in Thailand. During the Ayutthaya period between 1351-1767 AD, a handful of foreigners who were deemed to have made valuable contributions to the kingdom were awarded large plots of land - among whom were Constantine Phaulkon, a Greek adventurer who became a counsellor to King Narai and received the noble title of Chao Phraya, and the Japanese samurai Yamada Nagamasa, who also received the title of Phraya.

Pruksa takes steps to boost housing revenue
Bangkok Post
SET-listed developer Pruksa Holding (PSH) is continuing its rent-to-own scheme and using cost management to increase housing revenue amid rising interest rates and higher construction costs affecting the majority of homebuyers.

Alibaba keeps Singles Day sales tally under wraps for first time
Channel News Asia
Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for the first time ever, as a cooling economy dampened demand.