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Top Thailand Property News Of The Week 22 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 26, 2023


The top residential and commercial real estate news of the week - 22 May 2023

Foreigners seeking luxury homes
Bangkok Post
Hyde Park Garden, adjacent to Harrow International School, offers a variety of house designs catering to the needs of varying family sizes, with prices from 35 million to 80 million baht.

Builder of high-speed railway to get more land
Bangkok Post
The State Railway of Thailand will provide additional land to the builder of the high-speed rail system linking three airports by October, in a bid to speed up construction of this key transport infrastructure in Eastern Economic corridor (EEC).

Weed farms fret as MFP mulls U-turn
Bangkok Post
Community enterprises that grow cannabis on plantations in Nakhon Ratchasima are urging the next government, to be led by the Move Forward Party (MFP), to list only cannabis buds as narcotic drugs.

Hotel giant Minor forecasts ‘record year’
Bangkok Post
Minor International Plc (MINT), one of Asia’s largest hotel operators, expects a record year for its hospitality business on pent-up travel demand and a recovery in Chinese tourists holidaying abroad.

Uniqlo latest big brand to quit Russia
Bangkok Post
The Japanese clothing brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper quoted Russia’s deputy trade minister as saying.

LPN jittery over delays to new government
Bangkok Post
The delay in the establishment of the new government may lead to a lack of confidence among financial institutions, which in turn could impact the consideration and approval of home loans, according to SET-listed developer L.P.N. Development.

B300 tourism fee remains in limbo
Bangkok Post
The new government is expected to decide the fate of the 300-baht tourism fee, which remains uncertain because of roadblocks from unclear implementation.

N.C. unfazed by plan to up daily wage
Bangkok Post
SET-listed developer N.C. Housing Plc is not too concerned about the planned increase in the minimum daily wage, thanks to its prefabrication construction technology and ongoing cost control measures.

Sena shifts focus to affordable condos
Bangkok Post
SET-listed developer Sena Development Plc will develop more lowpriced and affordable condo projects in response to a potential decrease in purchasing power caused by higher housing prices.

Bad mortgage loans rise amid rate hikes
Bangkok Post
Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

IEAT expects uptick in H2
Bangkok Post
Foreign investment prospects are expected to remain good this year, although business people have delayed their investments pending the establishment of a new government, according to the Industrial Estate Authority of Thailand (IEAT) and key business leaders.