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Top Thailand Property News Of The Week 3 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 7, 2023


The top residential and commercial real estate news of the week - 3 July 2023

Starbucks aiming to roll out 335 new outlets by 2030
Bangkok Post
Starbucks Thailand set an ambitious plan to open 335 new stores from 2023-30. Nednapa Srisamai, the company's managing director, said the strategy calls for 800 Starbucks branches in Thailand by 2030, up from 465 stores at present and an estimated 480 stores by the end of this year.

Wealth of Thailand's 50 richest on Forbes list rises to copy 73bn
Bangkok Post
The Chearavanont Brothers of the Charoen Pokphand (CP) Group have retained the top spot on the 2023 Forbes list of Thailand’s 50 richest, with the combined wealth of all tycoons rising by almost 15% to US$73 billion.

Police crack down on illegal land sale to Chinese
Bangkok Post
Police are pursuing legal action against 13 entities, including four Chinese nationals and six Thais, for operating a housing estate in violation of the law in Chiang Mai, deputy national police chief Pol Gen Surachate Hakparn said.

Businesses urged to intensify push to tackle climate change
Bangkok Post
Businesses need to accelerate their existing adoption of digitisation, electrification and automation in an effort to curb climate change and gear towards sustainability. All these processes would prove that they would be able to compensate businesses and even generate profits, according to Francebased industrial technology company Schneider Electric.

Sansiri sales grow 37% to B25bn in H1
Bangkok Post
Real estate developer Sansiri Plc reported sales of 25 billion baht for the first half of 2023, up 37% year-on-year from 18.3 billion.

New online commerce surges in Thailand
Bangkok Post
So-called "shoppertainment", where content and commerce converge on a platform, has become the next era of online commerce, expected to be worth US$1 trillion across Asia-Pacific by 2025, says Sirinit Virayasiri, head of business marketing for Thailand TikTok.

HomePro operator sinks B4bn into establishing new stores
Bangkok Post
Home decoration and improvement company Home Product Center Plc, the operator of HomePro, has invested 4 billion baht this year in establishing new stores.

Shippers decrease export forecast
Bangkok Post
The Thai National Shippers' Council (TNSC) has trimmed its export forecast to a range of -0.5% to 1% growth, compared with 0-1% growth previously, based on high uncertainty surrounding major trading partners the US, the EU and China, in addition to relatively high global interest rates.

Lotus's unveils smart unmanned store
Bangkok Post
Lotus's hypermarket, in collaboration with True Digital, yesterday officially launched Lotus's Pick & Go by True Digital - Thailand's first smart unmanned store - at Lotus's North Ratchapruek community centre flagship store, reflecting their adoption of the latest technology to transform the retail industry.

Production hit by export slowdown
Bangkok Post
Manufacturers in 25 industries are adjusting their production plans following an export downturn that caused a drop in value for eight consecutive months, says the Federation of Thai Industries (FTI).

Global factory output slumps as weak demand weighs
Global factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and in Europe clouded the outlook for exporters.