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Top Thailand Property News Of The Week 13 February 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.

February 17, 2023


The top residential and commercial real estate news of the week - 13 February 2023

REIC revises up property market outlook for this year
Bangkok Post
The total residential property index projection for 2023 has been upgraded as reduced transfer and mortgage fees continue to offer benefits to buyers of mid-scale properties.

B18.6bn deal brings SJWD into existence
Bangkok Post
A logistics company is going to be formed following a share-swap deal between SET-listed JWD InfoLogistics (JWD) and a logistics unit of Siam Cement Group (SCG), with the goal of becoming the largest service provider in Southeast Asia once the transaction valued at more than 18.6 billion baht is completed.

AWC unveils remaking of riverside
Bangkok Post
Developer Asset World Corp Plc (AWC) plans to build new riverfront projects near its flagship Asiatique open-air mall, starting with an investment of 800 million baht to refocus the riverside complex as an entertainment hub.

PF anticipating 60% growth in revenue by end of 2023
Bangkok Post
SET-listed residential developer Property Perfect Plc (PF) plans to launch 14 new projects worth a combined 17.7 billion baht and aims to have 16 billion baht in revenue by the end of the year, a growth of 60%.

FSMART readies QR code charging kiosks
Bangkok Post
Forth Smart Service Plc (FSMART), the country's largest top-up machine provider under the Boonterm brand, is set to launch electric vehicle (EV) charging kiosks that accommodate QR code payment via mobile banking for the first time in the country.

Chinese seekers pick Thailand
Bangkok Post
Thailand is the most-searched destination among Chinese travellers using Airbnb, according to data collected by the accommodation sharing platform.

Ananda eyes China for condo customers
Bangkok Post
SET-listed developer Ananda Development Plc will launch only two new projects worth 14.6 billion baht this year, in order to focus on unsold, ready-tomove-in condos worth a total of 29 billion baht which could capitalise on the resumption of Chinese buyers.

Tourism lifts retail growth projection to 6-8%
Bangkok Post
Thailand's retail industry is expected to grow by 6-8% this year, double the rate of the GDP, helped by the recovery of tourism, according to the Thai Retailers Association (TRA).

Small hotel bookings register recovery
Bangkok Post
A study of small hotels and hostels found current bookings are higher than pre-pandemic levels, with bookings from foreign tourists exceeding those of domestic tourists.

Dubai boom sees Russian cash, high rents and reborn projects
AP News
Fourteen years after a financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects are finally showing signs of life as part of a new economic boom in the city-state.