Top Thailand Property News Of The Week 13 March 2023

The top residential and commercial real estate news of the week - 13 March 2023

Chiang Mai property to soar
Bangkok Post
The Chiang Mai property market is set for a major upswing, driven by the tourism resurgence and an influx of Chinese buyers after their country reopened its borders.

Ambitious plan for SRT land
Bangkok Post
The State Railway of Thailand (SRT) plans to turn 148 rai of land around Thon Buri railway station into a medical complex with the aim of creating a green environment.

CBRE: Maldives Emerges as a New Destination for Property Investors
CBRE
Investing in prime resort destinations has long been popular, particularly when combined with good rental yields and capital appreciation, as well as a package of free night stays.

King Power to roll out two duty-free projects
Bangkok Post
King Power Group announced the launch of two more duty-free store projects with a combined investment of more than 3 billion baht, in line with the reopening of the country.

Squatters get B7.71bn housing project
Bangkok Post
The cabinet has agreed in principle to a 7.71-billion-baht project offering help to 27,084 low-income households evicted from state land required for a rail transport development project, deputy government spokeswoman Rachada Dhnadirek said yesterday.

SHR sees revenue hitting B10bn this year
Bangkok Post
SET-listed S Hotels & Resorts (SHR) is expecting 10 billion baht in revenue this year, a record high and an increase of 20% from last year.

Chiang Mai frets, holding its breath
Bangkok Post
Chiang Mai tourism operators are anxious, hoping the province's unsafe levels of PM2.5 air particle pollution subsides later this month as the Songkran holiday draws near.

Sukhumvit the apex for resale condos
Bangkok Post
Sukhumvit has become the hottest location for resale condos and lowrise houses in the upscale-and-above segment while Wireless Road had the highest resale price per square metre at 800,000 baht.

Developers focus on more US rate hikes
Bangkok Post
Developers are more worried about the impact on the housing market of future interest rate hikes by the US Federal Reserve than they are about the sudden collapse of Silicon Valley Bank (SVB).

RX Wellness investing US$20m to transform Colorado castle
Bangkok Post
RX Wellness, a subsidiary of SET-listed developer M.K. Real Estate Development Plc, will invest US$20 million to renovate the historic 121-year-old Redstone Castle in Colorado as its fourth wellness centre, and is eyeing Tuscany as its next destination.

Russians putting down roots in kingdom
Bangkok Post
Russian tourists have been flocking to Thailand since pandemic travel restrictions were eased, with many choosing to invest in the kingdom's real estate sector after an extended holiday in the country.

Hotel scheme generates B1.25bn
Bangkok Post
Domestic tourists spent more than 1.25 billion baht on hotel bookings during the fifth phase of the "We Travel Together" scheme, snapping up 560,000 room nights within four days.