Article | Creating Resilience

Top Thailand Property News Of The Week 5 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 9, 2023


The top residential and commercial real estate news of the week - 5 June 2023

Consumer confidence ticks up in May
Bangkok Post
Consumer confidence rose for a 12th straight month in May and hit the highest level since March 2020, boosted by a gradually recovering economy and a resilient tourism sector.

Warning over minimum wage increase
Bangkok Post
Contractor Nawarat Patanakarn Plc says an increase in the daily minimum wage to 450 baht could reduce its gross margin to 3-4%, from the current 5-6%.

Coalition delays seen as threat to growth
Bangkok Post
The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.

Tourism pushes consumer confidence to 39-month high
Bangkok Post
Thai consumer confidence rose in May for a 12th month to a 39-month high, boosted by higher foreign tourist arrivals and increased activity during the recent national election, a survey showed on Thursday.

Singapore tax hike is starting to cool foreign demand for property
Bangkok Post
Singapore’s latest property tax — now one of the highest among global markets — has dented foreign demand.

CBRE Choosing OCC As Its New Head Office
OCC is the luxury office building perfectly integrated with a premium lifestyle. New tenant CBRE shares reasons for choosing OCC as its new head office.

Thailand at risk of drought as water demand outstrips supply
Bangkok Post
Thailand is at risk of water scarcity in the eastern region, where the government's flagship investment project Eastern Economic Corridor (EEC) is being developed, as water demand grows while supply is limited, says the Federation of Thai Industries (FTI).

Lion to expand into pet market
Bangkok Post
Lion Corporation Thailand, a manufacturer of consumer goods including Pao detergent, Kodomo baby powder and Shokubutsu oral care, is expanding into the country's 40-billion-baht pet market.

Amata to build 2nd EV estate
Bangkok Post
Industrial developer Amata Corporation Plc is building its second ThaiChinese industrial estate in Rayong, valued at 2 billion baht, to serve mainland investors and support electric vehicle (EV) and battery manufacturing projects.

Air travel to soar near record in 2023: industry group
Bangkok Post
Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

Russian tourists top Phuket's 6 million visitor list
Bangkok Post
Phuket welcomed more than 6 million international tourists during the first five months of the year, with Russians the biggest group among them.