Top Thailand Property News Of The Week 24 July 2023

The top residential and commercial real estate news of the week - 24 July 2023

Sansiri presales led by luxury segment
Bangkok Post
Property developer Sansiri Plc has recorded significant growth in its firsthalf presales of low-rise houses, driven primarily by the luxury segment, which accounted for 60% of total presales compared to less than half of total presales prior to the pandemic.

Low-cost carriers ramp up China flights
Bangkok Post
Low-cost airlines are ramping up flights to China, although capacity continues to lag the level recorded prior to the pandemic, while the Tourism Authority of Thailand (TAT) doesn't wish to rush into using a visa fee waiver scheme to attract more foreign tourists.

June factory output drops 5.24%, more than forecast
Bangkok Post
Thailand's manufacturing production index (MPI) in June contracted 5.24% from a year earlier as exports declined amid sluggish global demand, the Industry Ministry said on Thursday.

What carbon tariffs mean for Thailand
Bangkok Post
In about two months, exporters will see the enforcement of the European Union's (EU) Carbon Border Adjustment Mechanism (CBAM) during a transitional period.

TAT targets 2m Russian visitors next year as flights increase
Bangkok Post
The Tourism Authority of Thailand (TAT) is hoping to secure 2 million Russian tourists next year, a fresh high for the market, driven by an increase in the number of flights and Thailand's neutral stance towards the Russia-Ukraine war.

Investor flight warning
Bangkok Post
The Thai economy and foreign investors cannot wait 10 months to see a new Move Forward Party-led government established without objection from senators whose term will end next May, says the Federation of Thai Industries (FTI).

Ek-Chai to launch 1st Lotus's Eatery food court
Bangkok Post
Ek-Chai Distribution System Co, the operator of Lotus's retail stores, is expanding its business into food courts, starting from next month.

Jaspal to expand CPS Coffee café brand
Bangkok Post
Jaspal Group, the Bangkok-based ready-to-wear clothing company, is taking strategic steps to enhance its brand awareness and engage a diverse customer base by introducing new CPS Coffee café concepts during the latter half of this year.

MJD upbeat on B7bn presales target
Bangkok Post
Property developer Major Development Plc (MJD) is confident of achieving its target of 7 billion baht in presales by year-end despite recording 2 billion baht in the first half, as all of the company's new projects are slated for the second half.

Hotels upbeat despite woes
Bangkok Post
Thailand's big hotel chains continue to be undaunted by the political uncertainty, with a confident outlook in place as long as the situation remains calm and violent protests and crakdowns do not emerge.

Centara aims for world's top 100
Bangkok Post
Forty years after launching its first property, Centara Hotels & Resorts hopes to reach the world's top 100 within four years.

Regime urged to rev up EEC growth
Bangkok Post
The next government will be asked to fuel growth of the Eastern Economic Corridor (EEC) by speeding up the construction of a high-speed rail system linking three airports and through the second-phase development of the EEC, says the EEC Office.