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Top Thailand Property News Of The Week 12 June 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.

June 16, 2023


The top residential and commercial real estate news of the week - 12 June 2023

MQDC pours over B20bn into The Happitat
Bangkok Post
Magnolia Quality Development Corporation (MQDC) plans to invest more than 20 billion baht to develop The Happitat, a themed destination in the 398-rai mixed-use residential project The Forestias, combining real and virtual experiences across a vast area.

Raimon Land set to launch 3 new luxury projects in Q4
Bangkok Post
SET-listed developer Raimon Land Plc is confident about high-end residential demand, with plans to launch three new luxury projects worth 18 billion baht in Phuket and Bangkok in the fourth quarter.

Bangkok urged to woo business tourists
Bangkok Post
Online travel agent Agoda hopes Thailand can become a preferred destination for business travellers, competing with Japan and Vietnam.

Thai growth set to beat BoT forecast
Bangkok Post
The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.

Digital push woos multinational firms
Bangkok Post
Many foreign software firms established offices in Thailand this year to capitalise on the country’s continuing digital transformation and to serve the demand of local enterprises.

Council urges effort to woo foreign retirees
Bangkok Post
The Tourism Council of Thailand (TCT) has urged the new government to establish the country as a destination for retirees, while calling for the removal of regulatory barriers pertaining to supply development.

Siam Premium Outlets to open new mall in Thailand
Bangkok Post
Siam Piwat Simon Co, the operator of the shopping mall Siam Premium Outlets Bangkok, is conducting a feasibility study to determine the ideal province for a second branch.

Sentiment declines again last month
Bangkok Post
Delays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April.

CPN, EDC team up to develop data centre
Bangkok Post
Central Pattana Plc (CPN) is partnering with Evolution Data Centres (EDC) to develop a 34-megawatt data centre. The new data centre, described as being "carrier-neutral", is expected to support connections to network service providers without limits.

Industrial mood at 8-month low on political uncertainty
Bangkok Post
Thailand's industrial sentiment in May hit its lowest level in eight months, dented by weak exports and uncertainty over the formation of a new government, an industries group said on Wednesday.

Thailand records 11.4m foreign tourists
Bangkok Post
Thailand received 11.4 million foreign tourist arrivals from January to June 11, and saw spending of 472 billion baht (US$13.67 billion), the Ministry of Tourism and Sports said in a statement on Tuesday.

WeWork faces turmoil after CEO departs
The New York Times
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.

Highway 12 to economic heaven
Bangkok Post
The completion of Highway 12 -- a 793-km transport corridor linking Tak in the North with Mukdahan in the Northeast -- will provide immense business opportunities as the emerging economic driver in the region, according to local transport and tourism industry leaders.