Article | Creating Resilience

Top Thailand Property News Of The Week 3 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 7, 2023


The top residential and commercial real estate news of the week - 3 April 2023

Officers raid tax official's home
Bangkok Post
Authorities have seized for examination almost 7 million baht in cash, as well as documents from a senior Bangkok district official charged with demanding a bribe from a real estate company, police said.

NWR anticipates upsurge in state projects in second half
Bangkok Post
SET-listed contractor Nawarat Patanakarn (NWR) anticipates a surge in new construction jobs from the government sector, with contracts awarded by state agencies in the second half after a new government is installed.

Property Perfect records hotel revenue surge in Q1
Bangkok Post
SET-listed developer Property Perfect recorded hotel revenue growth of more than four times in the first quarter of 2023 thanks to a robust recovery in the tourism sector.

Eastern Economic Corridor ramps up plan to stimulate investment
Bangkok Post
Authorities aim to bolster Thai GDP by pushing ahead with a plan to generate 2.2 trillion baht worth of investment in five targeted industries in the Eastern Economic Corridor (EEC) by 2026.

TAT expects B18.5bn from holiday
Bangkok Post
The Tourism Authority of Thailand (TAT) expects the Songkran holiday to generate total revenue of 18.5 billion baht, with domestic trips exceeding the 2019 level based on pent-up demand.

SC allots $40m for US plan
Bangkok Post
SET-listed developer SC Asset Corporation Plc will continue to invest in rental apartments in the US, with a budget of US$20 million per year for 2023-24, as the recent collapse of American banks would not have any impact on its investment plan.

Centara Ubon opens its doors
Bangkok Post
Centara Resorts & Hotels, Thailand's leading hotel operator, has officially opened its latest hotel, Centara Ubon, in northeastern Thailand.

Ayutthaya condo market sees rebound
Bangkok Post
The growing industrial sector and a tourism recovery helped the Ayutthaya property market register a strong rebound for condos priced 1-1.5 million baht in the second half last year.

Breaking the cycle of land inequality
Bangkok Post
Thailand's land ownership disparity is one of the worst in the world. As such, land reform should be a crucial campaign policy for the upcoming general election. Unfortunately, it is not.