Article | Creating Resilience

Top Thailand Property News Of The Week 6 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 10, 2023


The top residential and commercial real estate news of the week - 6 February 2023

AP aiming for B57.5bn in revenue
Bangkok Post
SET-listed developer AP Thailand plans to launch 58 new projects this year worth a combined 77 billion baht, the highest in the industry, with a target of 58 billion baht in presales and 57.5 billion in revenue.

Lobby says tourism must be priority
Bangkok Post
The Thai Hotels Association (THA) has urged the next government to prioritise the tourism industry as a key economic driver, addressing the labour shortage, low level of safety and security, as well as sustainability.

Market for pre-owned homes grows
Bangkok Post
The number of second-hand homes for sale nationwide costing 3 million baht or below posted the highest increase in the fourth quarter last year as the property measures for the segment expired at the end of the year.

Thai economic prospects far from rosy
Bangkok Post
Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume.

Thai hotels set sights on global growth
Bangkok Post
Thai hospitality is globally recognised for its unique service standards, which have assisted many homegrown hotel companies in their international expansion over the past few decades.

Grande Asset aiming to reach B6bn in revenue this year
Bangkok Post
Grande Asset Hotels and Property Plc aims to record 6 billion baht in revenue this year, more than triple the total posted last year, as the hotel business has bounced back to the pre-pandemic level.

Mainland buyers seek quick move amid zero-Covid fears
Bangkok Post
Ready-to-move-in condos in Thailand are attracting Chinese buyers as the majority of them want to speed up relocation to the country due to concerns over the future of Beijing's zeroCovid policy.

BWH to open 8 hotels in Thailand
Bangkok Post
BWH Hotel Group plans to open eight properties in Thailand this year - one WorldHotels brand in Phuket and seven Best Western hotels - while increasing its room rate across the globe.

FPH pivots to luxury single detached home sector
Bangkok Post
As the impact of the pandemic slows the townhouse market, developer Frasers Property Home (Thailand) or FPH is shifting to luxury single detached houses as well as adding a condo development business.