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Top Thailand Property News Of The Week 11 December 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.

December 15, 2023


The top residential and commercial real estate news of the week - 11 December 2023

E-commerce to see tougher conditions
Bangkok Post
The continued dominance of Thailand's e-commerce ecosystem by foreign operators, the proliferation of live commerce and affiliated marketing are likely trends for 2024, according to an e-commerce executive.

C.P. Land allocates B30bn in investment
Bangkok Post
C.P. Land Plc, a property firm owned by the Chearavanont family, plans to invest 30 billion baht to acquire hotels and develop residential projects in 2024-25 with the goal of generating 15.5 billion baht in revenue during this period.

Dusit has high hopes for residences
Bangkok Post
Dusit expects to set a new price record for leasehold residences in Bangkok's central business district (CBD) with a 900-square-metre penthouse after selling 75% of its 406 total units.

Europe luxury labels' distaste for discounts stymies Farfetch
A winding down of the post-pandemic spending frenzy is hitting European luxury companies from LVMH to Kering, but none more than Farfetch, an e-commerce pioneer.

Push for Udon Thani zoning
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) is calling on the government to develop Udon Thani Industrial City into part of a special economic zone under the state's Northeastern Economic Corridor.

OR budget hotels in the pipeline
Bangkok Post
PTT Oil and Retail Business Plc (OR) has dusted off its plan to build budget hotels inside its petrol stations, adding community malls for tourists as the company focuses on non-oil businesses, says president and chief executive Disathat Panyarachun.

From Singapore to South Korea, Commercial Property Deals Falter
Nikkei Asia
From Singapore to South Korea, investors are shying away from property deals involving office buildings, malls and other commercial assets, fearing that interest rate increases and geopolitical turmoil could threaten global growth.

Renewed focus on plastic waste
Bangkok Post
Thailand is pushing ahead with projects to reduce plastic waste as it struggles to reduce sea pollution, especially after efforts slowed during the pandemic.In 2018, the Prayut Chan-o-cha government initiated a policy to ban single-use plastic bags and began by asking retailers not to hand them out for free to shoppers from Jan 1, 2020.

China’s consumer price decline worsens, fuelling deflation fears
The Straits Times
China’s consumer prices fell at the steepest pace in three years while producer costs dropped even further into negative territory, underscoring the challenges facing economic recovery.