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Top Thailand Property News Of The Week 18 July 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.

July 22, 2022


The top residential and commercial real estate news of the week - 18 July 2022

Starbucks operator to restart expansion in Thailand
Bangkok Post
US coffee giant Starbucks looks set to open 30 new coffee shops in Thailand per year from 2022-2024 to sustain its business growth in the country.

Thailand ranked 41st out of 66 for world's best destinations for remote work
Bangkok Post
Thailand was ranked 41st out of 66 countries for the world's best destinations for remote work, weighed down by low scores in cybersecurity and English proficiency, according to a new report conducted by NordLayer, a network access security solution provider.

Bangkok Airways rolls out first airport REIT
Bangkok Post
Bangkok Airways has announced the launch of Thailand's first airport real estate investment trust (BAREIT), which it is promoting with an estimated 8.46% first-year yield.

Explainer: Exploring the land scheme for foreigners
Bangkok Post
The government's latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the economy, many analysts are urging caution.

CPN allots B30bn for residential development
Bangkok Post
SET-listed developer Central Pattana (CPN) is bullish on residential development, planning to spend 30 billion baht to develop 46 new projects nationwide worth a combined 60 billion baht from 2022-26.

Steel prices hike building costs
Bangkok Post
Soaring steel prices continued to push up the price index of home construction costs in the second quarter with a year-on-year rise of 5.6%, the highest level in 40 quarters, according to the Real Estate Information Center (REIC).

Global economy to hit Thai tourism
Bangkok Post
The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.

Housing developers' sentiment remains low in Q2
Bangkok Post
Despite improvement from the first quarter, sentiment among housing developers in Greater Bangkok in the second quarter remained low as inflation, higher interest rates and rising costs worried them.