Article | Creating Resilience

Top Thailand Property News Of The Week 6 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 10, 2023


The top residential and commercial real estate news of the week - 6 March 2023

Measures sought to stimulate market
Bangkok Post
The next government should revise loan-to-value (LTV) limits, reduce the minimum land size for low-rise houses and extend the leasehold period to stimulate residential demand amid unfavourable conditions, according to property associations.

Orange Line extensions 'on hold' due to legal issues
Bangkok Post
The Orange Line's western section will likely remain on hold until all the legal disputes involving the project are settled, Deputy Transport Minister Atirat Ratanasate said yesterday.

PM orders investigation into Samanea Plaza
Bangkok Post
Prime Minister Prayut Chan-o-cha has ordered an investigation into the legality of Samanea Plaza Thailand, a new wholesale and retail trade and goods distribution centre in Bangkok's Bang Na district, after reports claimed that it is fully owned by Chinese investors.

Bangkok to Chiang Mai rail project gears up
Bangkok Post
Thailand and Japan are preparing to begin the first-phase construction of a high-speed rail project linking Bangkok with the northern province of Chiang Mai.

Built To Build targets sales growth of 10%
Bangkok Post
The homebuilder Built To Build Group is conservatively aiming to grow its sales revenue by 10% to 1.2 billion baht this year, despite a promising surge during the pandemic.

Udon Plaza set to ramp up residential, hotel projects
Bangkok Post
Udon Plaza Group, the operator of UD Town plaza, the leading community mall in the northeastern province of Udon Thani, is ramping up its residential and hotel projects as part of its effort to sustain its revenues over the long term.

Foreigners picked to buoy property market
Bangkok Post
Despite the economic recovery, the property market this year may depend heavily on foreign demand as negative factors still affect domestic buyers, according to economists and property analysts.

People hurry to snap up hotel rooms
Bangkok Post
People rushed to book hotels during the first day of the latest phase of the hotel subsidy programme, with 112,876 room nights reserved out of 560,000 available under the scheme within six hours.

Phuket condo market soon set to return to pre-Covid level
Bangkok Post
The Phuket condo market is expected to recover to pre-Covid levels within the next two years, driven by the resumption of tourism, with the pool villa market tipped to keep growing.

TAT unfazed by giveaways
Bangkok Post
Despite other nations in Asia launching giveaway campaigns, Thailand is placing an emphasis on improving supply and service quality.

Taking AI to the next level
Bangkok Post
Local businesses are looking to generative artificial intelligence (AI), such as ChatGPT, mulling how to apply this technology to bolster their performance.

Centara expects revenue surge as Chinese return
Bangkok Post
Centara Hotels and Resorts (CHR) is aiming for revenue of 10 billion baht this year, exceeding the tally in 2019, with Chinese tourists expected to help the company gain momentum as it opens six more hotels in Thailand and Japan in 2023.