Top Thailand Property News Of The Week 28 August 2023

The top residential and commercial real estate news of the week - 28 August 2023

Industrialists wary of hike in costs due to rising rates
Bangkok Post
The Federation of Thai Industries (FTI) is concerned that higher interest rates will add costs for the business sector and affect consumer purchasing power.

Residential market showing improvement since election
Bangkok Post
Since the general election, the residential market has slowly improved, primarily in the middle to upper-end segment, while low-income earners continue to be affected by an uneven economic recovery.

Confidence slips amid household debt woes
Bangkok Post
The consumer confidence index dropped to 55.6 in July from 56.7 the previous month as consumers were concerned about household debt, says Fiscal Policy Office director-general Pornchai Thiraveja.

Transit-oriented development up in the air amid challenges
Bangkok Post
Transit-oriented development (TOD) is facing challenges in terms of implementation due to the limitations of existing regulations and a lack of integration among government agencies, according to property developers.

Shein and Forever 21 team up in fast-fashion partnership
CBC
Chinese fashion giant's partnership with U.S. retailer suggests demand for cheap clothes is not letting up.

Tourism sector demands more help
Bangkok Post
The sluggish economies in China and Japan as well as an unequal tourism recovery that favours large operators are seen as the the most critical challenges for the new government by tourism operators.

One Origin to focus on mixed-use expat projects
Bangkok Post
The developer One Origin remains unfazed by the global economic slowdown and the high level of household debt as it focuses on the mixed-use segment to capitalise on stable growth in the expat segment.

Perks needed to up demand
Bangkok Post
Property incentives are needed to boost residential demand during the remainder of the year as the number of housing transfers and sales in the second quarter continued to drop, according to the Real Estate Information Center (REIC).

Residential property set to rebound in Q4
Bangkok Post
The residential market, which slowed in the first seven months because of an uncertain global economy, concerns over defaults on bond payments and a condo case, is projected to rebound in the fourth quarter driven by international buyers, says a developer.

Aion to spend B6bn on Thai EV factories
Bangkok Post
Aion Automobile Manufacturing (Thailand), a subsidiary of Guangzhou Automobile Corporation (GAC), the second-largest electric vehicle (EV) seller in China, plans to spend 6 billion baht building EV and battery factories in Thailand over 3-5 years, using the country as its new production and export base.