Top Thailand Property News Of The Week 18 Apr 2022

The top residential and commercial real estate news of the week - 18 April 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.

Low-rise houses top first-quarter sales
Bangkok Post
Low-rise houses continued to outperform condos in the first quarter, mainly attributed to presales of single detached houses, semi-detached houses and townhouses from large developers.

Central Group to develop Vienna hotel
Bangkok Post
Central Group and real estate company Signa have entered into a management agreement with a Hyatt Corporation affiliate for Austria's new upscale lifestyle hotel Thompson Vienna.

Cost to build homes up 5.3%
Bangkok Post
The average cost of constructing a home rose 5.3% year-on-year in the first quarter of 2022 as a result of the Russia-Ukraine war, according to Vichai Viratkapan, acting executive director of Real Estate Information Center.

Revenge of the tourists
CBRE Thailand
With Covid-19 vaccination rates greatly improved and travel policies being eased according to each country's ability to curb infection rates, people are on the move again.

Hoteliers seeking 2m room nights
Bangkok Post
Hoteliers are calling for an additional 2 million room nights under the We Travel Together hotel subsidy campaign by May to shore up tourism demand during the off-peak season as the quota for the scheme's fourth phase was used up during the Songkran holiday.

BoT maintains its monetary policy
Bangkok Post
The Bank of Thailand still maintains an accommodative monetary policy to support economic recovery and views that supply-side inflationary pressure will be a temporary factor.

Tourists delay foreign trips
Bangkok Post
Surging costs and a fragile economy are forcing travellers to delay their trips abroad despite pent-up demand, says the Thai Travel Agents Association (TTAA).

Retail can not only survive, it can thrive
Bangkok Post
From Beijing to Bangkok, the combination of a growing middle class and a young population that is increasingly aspirational in its consumer choices -- has resulted in the Asia Pacific region driving the global retail industry forward.

Fashion tops online retail ranking in shopping survey
Bangkok Post
Fashion products top the most popular online shopping items in Thailand, while many industries are gravitating towards digital channels to boost sales, particularly grocery and electric appliances, according to a recent survey by market research firm Nielsen.

Phuket scoops B3bn in Songkran tourist cash
Bangkok Post
The Songkran festival in Phuket made more than 3 billion baht in revenue from tourist spending, says the Tourism Authority of Thailand (TAT).