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Top Thailand Property News Of The Week 15 August 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.

August 19, 2022


The top residential and commercial real estate news of the week - 15 August 2022

Irate Thai tourists seek tour refunds
Bangkok Post
Holidays to South Korea have been thrown into upheaval after 67 Thai tourists filed complaints with the Tourism Department, urging tour operators to provide them with refunds of 1.4 million baht in total after entry into country was denied.

LINE Shopping gears up to attract more merchants
Bangkok Post
Line Thailand is gearing up to attract sellers to its e-commerce platform Line Shopping to strengthen its leading position in social commerce amid intensifying competition with shortvideo platform TikTok recently joining the fray.

Hua Hin condo demand improves in H1
Bangkok Post
Condo demand in Hua Hin picked up in the first half, driven by Thai, Chinese and Russian buyers, while a large amount of supply remained unsold in Cha-am.

CPN, Grand Canal Land to develop mixed-use project
Bangkok Post
SET-listed retail and property developer Central Pattana Plc (CPN) will have a joint venture with one of its subsidiaries Grand Canal Land Plc (GLAND) to develop a mixed-use project on a 48-rai plot on Phahon Yothin Road.

City heritage needs new conservation law
Bangkok Post
Bangkok's claim to fame is undoubtedly its cultural heritage. Magnificent sites like the Grand Palace, Temple of Dawn and Temple of the Golden Mount delight visitors and make Thais proud.

India budget grocery chain eyes fivefold growth in heated market
Indian billionaire Radhakishan Damani’s discount supermarket chain, DMart, plans to boost its store count fivefold as it seeks to grow market share and hold its own against aggressive expansion from the likes of Mukesh Ambani’s Reliance Retail Ltd.

Tokyu shifts focus to low-rise market
Bangkok Post
Tokyu Corporation, a major private Japanese railway firm and land developer, has shifted its Thai property investment from condo to low-rise houses through a joint venture with Sansiri Plc as demand was more robust compared to the sluggish condo market. drew higher-income shoppers looking to buy food
U.S. inflation at a four-decade high has hit lower-income Americans the hardest. On Tuesday, Walmart's results showed that those with bigger wallets are getting squeezed, too.

IEAT plans to develop Udon Thani dry port
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) is planning to develop a dry port in Udon Thani, with the aim of making the province a centre for regional land transport, linked with the Chinese-Lao high-speed train system.

Chinese rate Thailand No 4 as tourists return
Bangkok Post
Thailand is among the five most favourite destinations for Chinese travellers as the easing of Covid-19 pandemic restrictions sees more Chinese taking trips outside of the country, according to government spokesman Thanakorn Wangboonkongchana.

TCT unveils rescue plan for unlicensed small hotels
Bangkok Post
The Tourism Council of Thailand (TCT) has come up with a solution to help cash-strapped unlicensed small hotels whose assets may be confiscated due to excessive banking debts.