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Top Thailand Property News Of The Week 10 July 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.

July 14, 2023


The top residential and commercial real estate news of the week - 10 July 2023

Delay poses risks to the economy
Bangkok Post
The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.

Tourism operators jittery over protests
Bangkok Post
Tourism operators are worried about possible protests that could harm the image of the country, while hoping a government is formed as soon as possible.

Investors advised to await clearer political signals
Bangkok Post
Investors are urged to hold some cash amid the political uncertainty and demonstrations, while any outcome from the parliamentary vote for prime minister will be positive for the stock market because it would provide clarity about Thai politics, say analysts.

SET index fluctuates amid uncertain political outlook
Bangkok Post
The Thai stock market switched from gains in the morning session to losses in afternoon trade yesterday after the Election Commission (EC) decided to send Move Forward Party (MFP) leader Pita Limjaroenrat's iTV shareholding case to the Constitutional Court for final judgement.

Central unites with J. Front Retailing on privilege scheme
Bangkok Post
Central Pattana Plc, Central Retail Corporation Plc and Centara Hotels and Resorts have joined forces with J. Front Retailing, a leading retailer in Japan.

TAT upbeat on obtaining full budget in 2024
Bangkok Post
The Tourism Authority of Thailand (TAT) hopes its proposed budget for fiscal 2024 will not be cut as it attempts to drive a full recovery, generating 3 trillion baht in tourism income and increasing the GDP contribution to 25% by 2027.

Sentiment forecast to remain flat in Q3
Bangkok Post
Retail sentiment in the third quarter is expected to remain bearish because of political challenges, according to the Thai Retailers Association (TRA).

Govt eyes economic boost from health and wellness tourism
Bangkok Post
The government is promoting health tourism and related products and services in a new campaign to get overseas visitors to spend at least 18 million baht by this September.

Phuket aims to become 'safest city'
Bangkok Post
An effort is under way to make Phuket the safest city in Southeast Asia following a number of incidents involving tourists.

TikTok emerges as threat to Amazon with $20 billion shopping pilot
The Economic Times
For the company, best known for viral dance challenges and owned by China’s Byte Dance Ltd., TikTok Shop is its fastest-growing feature with a burgeoning fan base in Southeast Asia.