Top Thailand Property News Of The Week 26 June 2023

The top residential and commercial real estate news of the week - 26 June 2023

Return of foreign buyers helping property sector to grow
Thai PBS World
Foreign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors, real estate appraisal and consultancy agencies say.

PROUD appoints CBRE as the sole agent for VI ARI
CBRE
Proud Real Estate Public Company Limited, "PROUD", has appointed CBRE (Thailand) Co., Ltd. as the sole agent for VI ARI, a super-luxury single detached housing development. The project is situated in an exceptionally rare location in the heart of Ari Soi 3 and offers just six exclusive residences, starting at a price of THB 82 million, for a total project value of THB 495 million.

Standard readies new residential projects
Bangkok Post
Hotel chain Standard International plans to launch two branded residential projects in Phuket and Hua Hin, while also opening five new hotels with 600 rooms across four destinations in Thailand during 2023-26 to capitalise on robust demand.

Japanese eye EEC outlay of B3.7bn
Bangkok Post
At least three Japanese firms are expected to invest roughly 3.7 billion baht in industries such as electric vehicles (EVs) and smart electronics in the Eastern Economic Corridor (EEC), says the Industrial Estate Authority of Thailand (IEAT).

Shop Global moves into live commerce
Bangkok Post
Shop Global (Thailand) Co, a TV shopping company under Saha Group, is venturing into live commerce to strengthen its business and achieve long-term sustainable growth.

Small hotel policy gets THA approval
Bangkok Post
The Thai Hotels Association (THA) approves of the Ministry of Interior's new regulations that will allow smaller accommodation operated prior to 2016 to be regulated as hotels, as the government would be able to receive more income from tax collection.

Cissa preps two Phuket villa projects
Bangkok Post
Phuket-based property developer Cissa Group plans to launch two new villa projects worth a combined 2 billion baht by the end of 2023 and will invest at least 4 billion baht to develop a medical centre, an international school and a retirement village next year.

ESG investors get set of global reporting standards
Investment News
The voluntary framework published by the International Sustainability Standards Board paves the way for companies across jurisdictions to report uniform climate and sustainability information.

Call for more real estate incentives
Bangkok Post
Property developers and consultants want the new government to implement measures to foster a positive environment for foreign investment and to encourage overseas buyers.