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Top Thailand Property News Of The Week 20 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 24, 2023


The top residential and commercial real estate news of the week - 20 February 2023

NVD planning to launch 9 projects valued at B21.1bn
Bangkok Post
Nirvana Daii Plc (NVD) is poised to expand its housing development business, with plans to launch nine projects worth a total of 21.1 billion baht, the largest number since its establishment.

Investors target high-class Pattaya hotels
Bangkok Post
Hotel investors are focused on buying upscale establishments because of high demand from independent guests, instead of hotels targeting mass tour groups, which have unfavourable locations and produce low returns, say Pattaya operators.

MQDC eyes innovation hub
Bangkok Post
Property developer MQDC, owned by the youngest daughter of Dhanin Chearavanont, plans to develop a mixed-use project in the On Nut area to make upper Sukhumvit locations an appealing innovative hub following the development of Cloud 11.

Chiang Mai frets over foreign nominees
Bangkok Post
Tourism operators in Chiang Mai are calling for the revision of laws and regulations to maintain fair competition and protect local businesses from Chinese merchants using Thai nominees.

UK supermarkets confront discount rivals
Britain's big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and Lidl.

Pruksa to spend B17bn on augmenting healthcare business
Bangkok Post
SET-listed developer Pruksa Holding Plc will invest 17 billion baht between 2023-2027 to expand its healthcare business, with three new Vimut hospitals and 14 wellness and nursing home centres in Greater Bangkok to boost revenue from recurring income.

Cabinet okays third phase of budget housing scheme
Bangkok Post
The cabinet yesterday approved the third phase of a low-price housing scheme worth 20 billion baht, agreeing to 2.19 billion worth of compensation for low-rate mortgages for Government Housing (GH) Bank.

CBRE Thailand reveals real estate trends to watch in 2023
Thailand begins 2023 with a positive outlook both economically and for the real estate sector in general. CBRE Thailand, the leading international property consultant, highlights the key trends to watch in the residential, office, retail, industrial and logistics, and hotels sectors in Thailand.

Amazon in cloud deal with AI startup Hugging Face
Amazon Web Services (AWS), the cloud computing arm of Inc (AMZN.O), on Tuesday said it is collaborating with startup Hugging Face, a software development hub, to make it easier to carry out artificial intelligence work (AI) in Amazon's cloud.

Phuket steps up Specialised Expo bid
AP News
Phuket still needs more infrastructure development, particularly logistics, as the province is bidding for a huge international event - Specialised Expo 2028 - according to tourism operators in Phuket.