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Top Thailand Property News Of The Week 23 January 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.

January 27, 2023


The top residential and commercial real estate news of the week - 23 Januay 2023

Singha Estate to focus on pricier homes
Bangkok Post
SET-listed developer Singha Estate has paused new condo development and will launch only low-rise houses in high-priced segments, with five new projects worth a combined 10 billion baht planned for this year.

AWC plans B1bn revamp of The Empire
Bangkok Post
Developer Asset World Corp Plc (AWC) plans to spend more than 1 billion baht on renovating and adding lifestyle spaces to The Empire - its largest office tower - with the aim of attracting new tenants.

inDrive to roll out Thai service by June
Bangkok Post
International ride-hailing service operator inDrive is set to launch its service in Thailand by June to capitalise on this fast-growing segment in the country.

Cabinet approves revised hotel subsidy
Bangkok Post
The cabinet yesterday approved a revised subsidy scheme to stimulate domestic tourism, expecting 112,000 eligible people to exercise their rights and generate 12.5 billion baht worth of spending.

Marriott plans to open 8 new properties this year
Bangkok Post
Marriott International wants to continue hiking room rates to secure growth in Thailand this year, while it aims to open eight more properties.

Supalai readies 37 residential projects
Bangkok Post
SET-listed developer Supalai Plc plans to launch 37 new residential projects nationwide worth a combined 41 billion baht, the largest figures for both since its establishment, of which more than half would be in the provinces.

IEAT preparing to invest in hydrogen projects
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) plans to invest in hydrogen energy projects, which would include the use of hydrogen-powered vehicles to transport workers in its industrial estates, as part of efforts to shift towards clean energy.

Price index hits high in final quarter
Bangkok Post
The price index soared for new single detached houses in Samut Prakan, Nonthaburi and Pathum Thani in the fourth quarter last year, hitting an all-time high after land prices in the three provinces increased in the previous quarter.