Article | Creating Resilience

Top Thailand Property News Of The Week 27 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.

March 3, 2023


The top residential and commercial real estate news of the week - 27 February 2023

Real estate trends to watch in 2023
Bangkok Post
Thailand has entered 2023 with a positive outlook both economically and for the real estate sector in general. The property consultancy CBRE Thailand has identified key trends to watch in the residential, office, retail, hotel and industrial and logistics sectors.

Thai firms top S&P sustainability index
Bangkok Post
A total of 37 Thai companies have been included in S&P Global's Sustainability Yearbook 2023, with 12 awarded "Gold Class", the highest tally globally for the best performing sustainable companies in their industry, the Stock Exchange of Thailand (SET) reported yesterday.

Sansiri banking on hospitality foray
Bangkok Post
Developer Sansiri Plc is pinning its hopes on its hospitality business called The Standard International as tourism is expected to boom for three years.

Lazada ups presence with features, services
Bangkok Post
Thailand's e-marketplace landscape remains highly competitive, despite the planned closure tomorrow of JD Central - the sector's third-largest player.

MPI rises 6.6% in January to reach 10-month high
Bangkok Post
Thailand's Manufacturing Production Index (MPI) increased by 6.6% from December last year to reach 99.8 points in January, the highest level in 10 months, thanks to more business activity, driven by an uptick in tourism.

Thanasiri to triple value of launches
Bangkok Post
Mid-sized developer Thanasiri Group Plc is to launch four new projects this year worth 3.3 billion baht, aiming for 1.8 billion baht in presales with more than a third coming from joint ventures with Japanese partner Anabuki.

PIN expects land sales in east to expand
Bangkok Post
Industrial estate developer Pinthong Industrial Park Plc (PIN) expects its land sales in the eastern provinces of Chon Buri and Rayong to reach 420 rai, driven by investment from China in electric vehicle (EV) manufacturing.

UHG forecasts revenue to increase by 40% this year
Bangkok Post
Hotel and office developer UHG is forecasting a 40% increase in revenue this year, banking on robust demand from foreign tourists and the Mice (meetings, incentives, conventions, and exhibitions) sector in Bangkok.

Upcountry hotels eyeing Mice subsidies
Bangkok Post
Hotel operators in the provinces are calling for greater subsidies for Mice (meetings, incentives, conventions, and exhibitions) events as this sector has played a vital role in saving their businesses.

Climate change bonanza
Bangkok Post
Global campaigns to cut carbon dioxide emissions not only alert businesses to new non-tariff barriers imposed as part of efforts to fight global warming, they can also lead to new opportunities in the clean energy sector.

Pruksa revises business strategy
Bangkok Post
SET-listed developer Pruksa Holding has revised its business strategy to integrate residential development with healthcare and e-commerce, aiming to increase the revenue proportion from recurring income to 25% by 2028, more than triple the current figure.