Top Thailand Property News Of The Week - 18 January 2021

The top residential and commercial real estate news of the week - 18 January 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 aims to launch 24 new projects this year
Bangkok Post
Despite uncertainties, SET-listed developer Sansiri Plc will launch 24 new residential projects worth a combined 26 billion baht in 2021, doubling the number of projects the company unveiled last year, with a shift to the low-priced segment.

Riverside hotel slated for 2025
Bangkok Post
A 4.6-billion-baht boutique hotel development project located on the banks of the Chao Phraya River is scheduled to be completed in 2025, says the Treasury Department.

U.S. Homebuilder Confidence Fell to a Four-Month Low in January
Bloomberg
U.S. homebuilder confidence slipped to a four-month low in January as firms became slightly less optimistic about sales against a backdrop of higher house prices and construction costs.

Public housing project for 150 elderly people
Bangkok Post
The Bangkok Metropolitan Administration (BMA) is preparing to construct the first phase of a housing estate for the elderly in Bangkok's Klong Sam Wa district.

Phuket Condominiums Thrown into Fierce Rental Arena
CBRE Thailand
Phuket resort condominiums are patiently waiting for recovery despite limited sales performance due to COVID-19 market conditions. Bangkok condominium developers have implemented significant price promotions to clear unsold inventory.

Retail slump prompts calls for action
Bangkok Post
The retail sector lost 500 billion baht in 2020, while the retail index for the first quarter this year is expected to fall by 7-8%, according to the latest predictions by the Thai Retailers Association (TRA).

Habitat Group sees Q3 recovery
Bangkok Post
Property market recovery will be delayed for at least three months to the third quarter as the resurgent pandemic is still causing high daily infections, according to property developer Habitat Group.