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Top Thailand Property News Of The Week 15 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 19, 2023


The top residential and commercial real estate news of the week - 15 May 2023

Gourmet Market expansion back on track
Bangkok Post
The Mall Group Co, the operator of The Mall, The Emporium and Paragon Department Store, is resuming the expansion of its Gourmet Market branches this year as consumer spending recovers following the pandemic.

Cybersecurity key to enhancing trust
Bangkok Post
With cyber-attacks becoming more frequent, sophisticated and severe globally, foreign investors now more than ever are seeking countries with strong cybersecurity frameworks to ensure the safety of their investment.

Austria eager to draw more Thai visitors
Bangkok Post
Prospective tourists from Thailand are a primary target within Southeast Asia for the Austrian National Tourism Office (ANTO), bolstered by improved flight frequency, which is set to recover to 50% of the level reached in 2019.

Retail, banking and tourism top stocks
Bangkok Post
Retail, banking and tourism stocks are set to benefit from the policies of the new coalition government led by the Move Forward Party, according to analysts.

Foreign Demand for Luxury Residences in Thailand
CBRE reveals that foreign interest in purchasing luxury residences in Thailand, including condominiums, houses, and villas in prime locations, has surged since the return of international tourists in the second half of 2022.

Developers take a hit as LTV easing ends
Bangkok Post
The expiration of the easing of loan-to-value (LTV) limits has had an impact on two-thirds of listed developers, resulting in residential sales revenue declining year-on-year in the first quarter of 2023.

Housing market lacks lustre
Bangkok Post
The housing market will need to rely on foreign demand to stimulate growth, as domestic buyers are facing challenges in obtaining loans, evidenced by a decline in residential transfers in the first quarter of 2023.

CPN earnings up 27% in first quarter
Bangkok Post
Central Pattana (CPN), Thailand's largest retail property developer under the umbrella of Central Group, reported strong growth in the first quarter of this year.

Thanasiri open to partnership model
Bangkok Post
MAI-listed developer Thanasiri Group is open to partnerships with investors and landlords as the land and building tax nudges owners to utilise their assets.