Top Thailand Property News Of The Week 19 December 2022

The top residential and commercial real estate news of the week - 19 December 2022

New Year spending to hit B103bn
Bangkok Post
Consumer spending during the New Year holiday is expected to reach 103 billion baht, pushed by the country's continued economic recovery from the pandemic..

GSB unit unveils loan based on land pledge
Bangkok Post
Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, aims to extend land collateral loans worth 10 billion baht next year, says chief executive Isara Wongrung.

Improvement in Sentiment and Real Estate Market Activity
CBRE Thailand
According to CBRE, a leading international property consultant, overall, 2022 has been a better year than 2020 and 2021 for the real estate market despite another period of adjustment to the pandemic’s direct and indirect effects.

Pricey low-rise sector grows
Bangkok Post
Demand for high-priced low-rise houses continued to grow for two consecutive quarters, with market value in the third quarter soaring by 58% from the second, developers launched new supply in this segment.

Park Silom holds topping off ceremony
CBRE Thailand
The structural engineering marvel of Park Silom Project is now completed as planned and ready to be unveiled in first quarter of 2023.

UK housing prices set to drop 10% in 2023
BNN Bloomberg
UK house prices may tumble as much as 10% next year as soaring interest rates and a deepening recession weigh down a market that thrived through the pandemic.

Agency focuses on foreign investments
Bangkok Post
The National Innovation Agency (NIA) is gearing up to support foreign investments in Thailand through joint ventures and partnerships with local entities in technology, targeting US$1 billion worth of deals over five years.

Private sector lukewarm on stimulus
Bangkok Post
The government's latest economic stimulus packages to boost consumer spending during the New Year festive period have drawn mixed reactions from the private sector.

CHR to manage Pattaya hotels
Bangkok Post
Centara Hotels & Resorts (CHR) has signed hotel management extensions with Centara Pattaya Hotel and Centara Nova Hotel & Spa Pattaya.

Huai Khwang posts highest price rise
Bangkok Post
Land prices in Huai Khwang in central Bangkok had the highest rises in the city according to a new assessment, says Treasury Department directorgeneral Chamroen Phothiyod.

High-end Australian department store chain David Jones is sold for undislcosed sum
Fashion Network
Australia’s most upscale department store business, David Jones, is being sold by South African owner Woolworths for an undisclosed price after being bought for A$2.1 billion (€1.3bn/£1.1bn/US$1.4bn) in 2014.

Central pays SRT B1.3bn
Bangkok Post
The State Railway of Thailand (SRT) has received a rental fee of 1.3 billion baht for 2022 from the Central Group's Central International Development subsidiary for the Phahon Yothin plot.