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Top Thailand Property News Of The Week 1 May 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.

May 5, 2023


The top residential and commercial real estate news of the week - 1 May 2023

Home building costs up 3.5%
Bangkok Post
Saniraryware price hikes led to a 3.5% increase in the standrd home construction price index in the first quarter of 2023 amid highter fuel costs, according to the Real Estate Information Center (REIC).

Airbnb upbeat as tourism rebounds
Bangkok Post
Airbnb closed 2022 with an impressive turnaround as the pandemic-hit business reported its first annual profit on revenue growth of 40% to US$8.4 billion, with net income of $1.9 billion.

US agrees to boost energy cooperation
Bangkok Post
The United States and Thailand have agreed to advance energy cooperation during recent discussions in Washington, DC.

Thailand ramps up shift to renewables
Bangkok Post
The fallout from the global energy crisis is pushing Thailand to accelerate its shift to renewables after dragging its feet for years, the latest country to embrace wind and solar in order to reduce dependence on imported fuel.

Siam Piwat exceeds 2023 Q1 targets achieving phenomenal success at no.1
Bangkok Post
Siam Piwat, a leading real estate and retail developer that owns and operates world-class destinations such as Siam Paragon, Siam Center, and Siam Discovery, as well as being a joint venture partner of ICONSIAM and Siam Premium Outlets Bangkok, has reported remarkable success in the first quarter of 2023, with a significant growth in the group's operating results.

Survey upbeat on crypto acceptance
Bangkok Post
The demographic changes taking place in several countries are expected to drive greater adoption of cryptocurrency and blockchain technology, mainly among the millennial and Gen Z populations, according to a new study.

Amazon's cloud comment jolts investors
Bangkok Post Inc signalled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations.

CPN, Klook to offer Bangkok-Pattaya tourist bus service
Bangkok Post
Real estate developer Central Pattana Plc (CPN) is joining hands with online travel platform Klook to provide shuttle bus services from Bangkok to Pattaya to facilitate foreign visitors and promote tourism.