Top Thailand Property News Of The Week - 15 Nov 2021

The top residential and commercial real estate news of the week - 15 November 2021

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.

Sansiri bullish on recovery prospects
Bangkok Post
SET-listed developer Sansiri Plc expects hotel revenue to bounce back to pre-Covid levels over the next few years, whilst aiming for 60% occupancy in the first 12 months of operation at The Standard Hua Hin, which opens next month.

CPN touts mixed-use plan
Bangkok Post
SET-listed retail and property developer Central Pattana Plc (CPN) plans to transform its 10 existing shopping complexes to a mixed-use format, a move to strengthen its business over the next 5-7 years.

LTV easing to accelerate housing market recovery
Bangkok Post
The Real Estate Information Center (REIC) revised up its housing market predictions for next year, with a recovery to pre-Covid levels now expected in 2023.

BCG to take centre stage at Abac
Bangkok Post
The business sector will discuss bio-, circular and green (BCG) economic development and propose capital funding to help businesses in 21 countries during the Apec Business Advisory Council (Abac) meetings next year.

Construction of QSNCC on course despite lockdown
Bangkok Post
Construction of the new Queen Sirikit National Convention Center (QSNCC) has reached 60% completion despite the lockdown of the construction site and will be completed by next September, according to SET-listed developer Frasers Property Thailand (FPT).

Hotels less taken with BoT scheme
Bangkok Post
The rate at which hotel business operators have been joining the Bank of Thailand's (BoT) asset warehousing programme a debt relief measure -- has been easing due to an improvement in domestic tourism following the country's reopening, said an executive at the central bank.

Ananda upbeat on target after reopening
Bangkok Post
SET-listed developer Ananda Development Plc expects the country's reopening will help the company to achieve its revenue target of 10 billion baht by the end of 2021 and a 20% growth next year as sentiment improves.

Eased curbs drive loans
Bangkok Post
The temporary revocation of lending curbs might be an encouragement for the home loan market and housing transfers next year, however, the high rate of mortgage rejections remains a concern due to weak purchasing power.

Majority of APAC and Thai retailers targeting expansion in 2022
CBRE Thailand
Retail leasing activity in Asia Pacific markets is expected to pick up next year amid solid expansion demand from retailers while there are positive movements from Thai retailers on store rollout and expansion strategies in 2022.

Ever-reliable buttresses
Bangkok Post
Despite the severe impact of Covid-19 on many sectors this year, the Thai ecconomy is expected to perform well next year, contributed by some key sectors after the country's reopening on Nov 1.