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Top Thailand Property News Of The Week 20 March 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.

March 24, 2023


The top residential and commercial real estate news of the week - 20 March 2023

Q4 condo transfers hit 5-year high
Bangkok Post
The value of condos transferred to foreigners nationwide in last year's fourth quarter reached the highest level in five years, with the number of units sold during the period being the second highest, according to the Real Estate Information Center (REIC).

Robust Phuket tourism numbers in Q4 last year and high winter season set the stage for recovery by year-end
Hospitality Net
Thailand’s leading resort island of Phuket’s post-pandemic tourism recovery has been headlined by a surge in Russian travelers in the high season. But the backstory is how a spike in regional visitors from India, Malaysia, and Singapore set the stage in Q4 of last year that pushed hotels and the service sector back into action.

Railways to roll out special trains for tourists in April
The Nation
Four train trips from Bangkok to Saraburi, Chachoengsao, Ayutthaya and Ratchaburi are available for tourists in April this year, the State Railway of Thailand (SRT) said on Friday.

Chinese return to Chon Buri market
Bangkok Post
Chinese buyers have returned to the Chon Buri property market, following the lead of Russians, after the reopening of China's borders earlier this year.

Singha Estate eyes 34% revenue growth
Bangkok Post
Developer Singha Estate Plc wants revenue to grow by 34% to 17 billion baht this year as its tourism business, which contributes more than two-thirds of total revenue, enjoys a strong rebound.

New tax reduction for land and buildings comes into effect
Bangkok Post
A 15% reduction in the land and building tax has taken effect, says Fiscal Policy Office (FPO) directorgeneral Pornchai Thiraveja.

Sector enters the next phase
Bangkok Post
Thailand's e-commerce landscape is entering the next stage where major e-marketplace players are introducing innovative features to woo customers instead of focusing on price wars, while social commerce is strengthening in a bid to capture buyers.

Progress on Chalong Rat extension
Bangkok Post
The Expressway Authority of Thailand (Exat) plans to propose a land expropriation decree this year to pave the way for the 16.2-kilometre Chalong Rat expressway extension.