Top Thailand Property News Of The Week 25 December 2023

The top residential and commercial real estate news of the week - 25 December 2023

Will foreign investors still be wooed?
Bangkok Post
Mr Srettha is trying hard to lure foreign investors because he correctly believes investment is the only sustainable solution for achieving 5% (or more) of annual GDP growth.

Bad to good: What kind of year was 2023 for Asia?
Bangkok Post
As 2023 departs, and 2024 - and soon, the lunar Year of the Dragon - arrives, we once again highlight the winners and losers of the year gone by in Asia.

Captains of the ship
Bangkok Post
Leaders of private industry have steered their respective sectors through a year of significant challenges, and now focus on what 2024 holds in store for them, write Post reporters.

Reduced property fees extended
Bangkok Post
The cabinet approved extending the reduced ownership transfer and mortgage fees for another year, which is expected to increase GDP by an additional 0.5%, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bumper year for mergers and acquisitions
Bangkok Post
This year witnessed several major mergers and asset acquisitions. Companies in the telecom, energy, banking and retail sectors made crucial decisions to expand their businesses domestically and overseas, setting new investment directions to better deal with financial difficulties.

Chinese rebound helps hoteliers
Bangkok Post
Chinese tourist arrivals are recovering at a faster pace this month and the momentum is expected to persist through to Chinese New Year on Feb 10, helping local hotels during the high season, say analysts.

A year of milestones
Bangkok Post
As 2023 concludes, the year stands out for a multitude of noteworthy events and news. The Business section of the Bangkok Post has taken the opportunity to reflect on the past 12 months, highlighting major issues that captured media attention throughout 2023, aiming to learn lessons or insights from these events to better prepare for challenges in the upcoming year.

Second-hand home market posts gains
Bangkok Post
Rising housing prices and interest rates coupled with reduced purchasing power are expected to drive demand for second-hand homes in preferred locations at more affordable prices, according to the Real Estate Information Center (REIC).

CBRE reveals luxury vacation homes in Phuket soaring in demand: 2023 performance sets new records
CBRE
In its comprehensive analysis of the 2023 vacation home market in Phuket, CBRE, a leading global real estate services and investment firm, reports a significant signal of recovery from the COVID-19 pandemic's impact. Notably, condominiums in Phuket demonstrated exceptional performance in the first half of 2023, achieving the highest sales volume in the past decade.