Article | Creating Resilience

Top Thailand Property News Of The Week 17 April 2023

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.

April 21, 2023


The top residential and commercial real estate news of the week - 17 April 2023

Platforms warned against collusive pricing
Bangkok Post
The Office of Trade Competition Commission (OTCC) has warned online shopping platforms about the risk of participating in collusive pricing behaviour.

Building a digital dividend
Bangkok Post
Some 80% of Thai organisations that employ workers with advanced digital skills report higher annual revenue growth, but 94% of organisations are struggling to hire enough of these talents, according to a study by Amazon Web Services (AWS).

AWC preps regional wholesale food hub
Bangkok Post
SET-listed Asset World Corp (AWC) Plc, an integrated lifestyle real estate group, is scheduled to reopen its Pantip Pratunum IT centre, which will be rebranded as AEC Food Wholesale Pratunam in June this year.

Corporate registrations increase by 28% in March
Bangkok Post
The number of newly registered Thai companies rose 28% year-on-year in March, with combined registered capital skyrocketing by 1,055%, according to a Commerce Ministry report.

Low-rise index declines in Q1
Bangkok Post
The price index of new low-rise houses in Greater Bangkok declined in the first quarter of 2023 as developers aimed to boost sales from their inventories of single detached houses that were built earlier at a cheaper cost.

Tourism, agriculture beefs up demand in Northeast
Bangkok Post
The Mice (meetings, incentives, conventions and exhibitions), tourism and agricultural sectors are expected to continue driving housing demand in major provinces in the Northeast despite the rate of inflation, with the help of China’s reopening earlier this year.

Money market funds lure investors with returns
Bangkok Post
Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar.

Bangchak intensifies energy logistics push
Bangkok Post
SET-listed energy conglomerate Bangchak Corporation aims to expand its energy logistics business after shareholders approved a plan to take over Esso (Thailand) Plc.

Southeast Asia struggles to hit ESG goals
Bangkok Post
Most Southeast Asian nations face risks to their environmental, social and governance (ESG) performance as the aftermath of the pandemic slows the process, according to a recent report.

Phuket forecasts 60% post-Songkran hotel occupancy
Bangkok Post
Hotel occupancy in this island province after Songkran is expected to be around 60% with more Chinese arrivals even though the low season is approaching, say industry executives.

Nok Air unfazed by THAI merger proposal
Bangkok Post
Low-cost carrier Nok Air has reaffirmed that Thai Airways (THAI) still holds a 13.28% stake as the flag carrier prepares to merge with Thai Smile Airways.