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Top Thailand Property News Of The Week 19 September 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.

September 19, 2022


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

Time for tourism rejig
Bangkok Post
Hoping to give tourism a boost in the postpandemic era on Oct 1, the government has revised its visa rules, extending the validity of certain visas to entice foreign tourists to travel to the kingdom. But the move, while noteworthy, still falls short of the mark.

TAT introduces campaign to entice Japanese visitors
Bangkok Post
As currency depreciation in Japan looms large, Thai tourism operators want to capitalise on pent-up demand in the final quarter by partnering with tour agencies to fill up 45% of the available airplane seats.

Phuket seeks to shift from tourism to new revenue areas
Bangkok Post
Businesses in Phuket want to pivot the province to gastronomy, international education, marinas, medical services, meetings and conventions, sports, smart city development and tuna exports to reduce dependency on the tourism sector after it was severely hit by the pandemic.

Phuket eyes B3bn from veggie fest
Bangkok Post
The annual Phuket Vegetarian Festival that begins Monday is expected to attract more than 3 billion baht in visitor spending this year, according to the Tourism Authority of Thailand (TAT).

Japan's average residential land price rises for 1st time in 31 years
Japan Today
The average price of residential land in Japan as of July 1 rose 0.1 percent from the previous year, increasing for the first time in 31 years, as the country's economy recovers from the coronavirus pandemic, government data showed Tuesday.

Korat developers irked by spending lull
Bangkok Post
Despite a robust recovery in the residential market in the first half, developers in Nakhon Ratchasima remain concerned over a delay in the government's spending on infrastructure projects.

Rayong housing sales double in H1
Bangkok Post
Residential sales in Rayong picked up significantly in the first half with a doubling in growth driven by low-rise houses, following an improvement in employment in the Eastern Economic Corridor (EEC).

Towering above the rest
Bangkok Post
Vietnam, an emerging market with one of the highest growth rates in the world, has drawn significant investments from abroad. The country's bourse often offers a high rate of return on investment, while the nation is not expected to suffer from the high inflation and rising interest rates that developed countries are plagued by, raising the possibility that these nations might enter a recession soon.

Drive for upscale visitors holds promise for Marriott
Bangkok Post
Marriott International is expecting to grow as the Thai government aims to attract more upscale visitors, with the majority of the company's 36 new properties in the pipeline over the next four years in the luxury segment.