Top Thailand Property News Of The Week 14 August 2023

The top residential and commercial real estate news of the week - 14 August 2023

Developers bullish on H2
Bangkok Post
SET-listed developers are hoping an economic recovery in the second half will help them achieve their performance goals this year after modest first-half results.

Bookings down as China slumps
Bangkok Post
China's economic woes are pressuring inbound tourism during the Golden Week holiday in October, leading to sluggish forward bookings, according to tourism operators.

Phuket covets low-carbon island image
Business Today
The island province aims to achieve the status of a low-carbon destination to promote eco-tourism.

Gaps seen in sustainability reporting
Bangkok Post
With investors and stakeholders increasingly coupling the value of a business with its ability to navigate climate risk and opportunities, companies across Asia Pacific are showing progress in their sustainability reporting, a new survey finds.

Calls for help as SMEs suffer
Bangkok Post
Higher operating and financial costs mean many small and medium-sized enterprises (SMEs) are in desperate need of new government measures to help them survive, says the Federation of Thai Industries (FTI).

CBRE Hotels Reduces Near-Term Outlook Due to Softer Summer Demand
CBRE
CBRE is reducing its forecast for hotel performance this year, as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room (RevPAR).

Thailand Industry Sentiment Index reaches lowest level in 10 months
Bangkok Post
The Thailand Industry Sentiment Index (TISI) dropped to 92.3 points in July from 94.1 points in June, reaching the lowest level in 10 months, as businesses struggled to deal with the impact of high household debt, higher interest rates and political uncertainty.

Hotels eager for handout to have tourism category
Bangkok Post
As the Pheu Thai Party promises a 10,000-baht digital wallet giveaway, tourism operators are hoping the scheme will extend its spending range from a 4-kilometre radius to enable hotels to benefit.

Pruksa urges income boost for residents
Bangkok Post
The new government should enhance people's income to make home purchases more accessible, though property measures may be unnecessary, says SET-listed developer Pruksa Holding.

Office “Phaholyothin-Vibhavadi” Hot! Supply 2.5 hundred thousand sq m. Secondary Silom – Sathorn
Thailand Post English
Aditya Kasemlawan Head of Residential Project Trading Department, CBRE (Thailand) Co., Ltd. said that the location of the office building in Bangkok most of them are located in the central business area on the main road in the area of Silom, Sathorn, Sukhumvit, according to the latest survey results of the office market in Phaholyothin-Vibhavadi locations.

Chinese buyers gradually cool on Thailand as destination
Bangkok Post
Thailand dipped to fifth among destinations for Chinese property buyers, down one spot from last year and the top ranking in 2021, attributed to a sluggish recovery of travel and pricey flights.

Britain's M&S raises profit outlook after strong trading
Reuters
British retailer Marks & Spencer (MKS.L) raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply.