Article | Creating Resilience

Top Thailand Property News Of The Week 17 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 21, 2023


The top residential and commercial real estate news of the week - 17 July 2023

Bio strategy targets B190bn investment
Bangkok Post
Measures under a bioindustry plan to generate investment worth 190 billion baht and put Thailand on track to become a bio hub of Asean within 2027.

Net-zero bid hurts Asia's growth?
Bangkok Post
Asian countries' ability to thrive in the world economy over the next few decades hinges on their capacity to sustain their competitive advantages through continuous innovation. But to meet their commitments under the 2015 Paris climate agreement, the region's economies must overhaul their production, consumption and resource-allocation strategies, potentially postponing the longanticipated "Asian century".

Businesses urged to embrace potential of AI technology
Bangkok Post
Artificial intelligence (AI), in particular generative AI, can create new opportunities, transform industries with a new business model, and empower new ways of working with a digital co-pilot, but its utilisation and development should be based on responsibility and governance to ensure it will not be used inappropriately, say IT industrialists.

EEC's Phase 2 courts foreign investment
Bangkok Post
The office of the Eastern Economic Corridor (EEC) is inviting foreign investors to get involved in Phase 2 of the project and promising them more attractive incentives, says Chula Sukmanop, the office's secretary-general.

Frasers shifts strategy as competition intensifies
Bangkok Post
Industrial estate developer Frasers Property Industrial (Thailand) will shift to more flexible business models and expand to smaller- and larger-scale projects to cope with growing demand and rising competition.

Why home mortgage holders are being squeezed in Britain
The New York Times
The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.

Foodland targets more young shoppers
Bangkok Post
Foodland Supermarket Co, a long established supermarket chain, is adopting a new business strategy to appeal to younger generations of customers while also teaming up with property developers to open new convenience stores at housing and condominium projects.

Why foreigners are acquiring Thai property
Bangkok Post
Thailand maintains its appeal as an attractive destination for foreign property buyers, especially for those seeking a second home, despite specific limitations on property ownership.

SET calls on investors to scrutinise NUSA information
Bangkok Post
The Stock Exchange of Thailand (SET) is urging investors to carefully study and monitor Nusasiri Plc's (NUSA) information since the additional investment in Wind Energy Holding Co (WEH) is considered a backdoor listing that must be pursued in accordance with related regulations.

Phuket bounces back
Bangkok Post
Overseas arrivals now exceed pre-Covid levels, with bold plans to add more.

TAT eyeing visitors from Middle East
Bangkok Post
The Tourism Authority of Thailand (TAT) is targeting 400,000 visitors from the Middle East this year, including a new record for the Saudi Arabia market.