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Top Thailand Property News Of The Week 21 August 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.

August 25, 2023


The top residential and commercial real estate news of the week - 21 August 2023

Hoteliers unfazed by China's property woes
Bangkok Post
Thai hotel companies are to forge ahead with their expansion plans as they remain unfazed by mainland China's real estate slump, though purchasing power must be monitored for any declines, according to Dusit International.

N.C. Housing readies new projects for rest of the year
Bangkok Post
SET-listed developer N.C. Housing is confident in the Thai economy for the remainder of the year and plans to launch new projects as scheduled following the selection of a new prime minister.

So few workers go into the office now that more than one-third of desks sit empty all week
More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising questions about how well workplaces are currently designed as companies struggle to get employees back into them.

Growth in office supply to squeeze landlords
Bangkok Post
The completion of over 1.5 million square metres of new Bangkok office space within the next two years continues to put pressure on office landlords.

Why it's so hard for China to fix its real estate crisis
The New York Times
Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.

MQDC sets aside B400m for mall
Bangkok Post
Property developer Magnolia Quality Development Corporation (MQDC) will invest 400 million baht to develop a community mall for creators within a mixed-use project - Cloud 11 - in collaboration with the operator of the Commons Thonglor.

China disappoints and puzzles with latest move on lending rates
The Straits Times
Chinese banks kept a key interest rate that guides mortgages on hold, a surprise move that sowed confusion over the country’s approach to stemming its property slump.

China Is on Edge as Fallout From Its Real Estate Crisis Spreads
The New York Times
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.

Phuket Real Estate Market Soars as Luxury Condos and Villas Gain Popularity, Robinson Lifestyle Celebrates Opening
News directory 3
The real estate market in Phuket has seen significant investment as it caters to the growing demand driven by tourism. With the fourth quarter high season approaching, the market is expected to get even busier until next year.