Article | Creating Resilience

Top Thailand Property News Of The Week 29 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.

June 2, 2023


The top residential and commercial real estate news of the week - 29 May 2023

Minor Hotels unveils plans to expand amid tourism boom
Bangkok Post
Minor Hotels plans to grow its portfolio to 600 properties in 59 countries with more than 91,000 rooms in 2025, driven by an optimistic outlook for the global tourism industry after Covid-19 infections eased.

CPRAM aiming for 10% sales growth
Bangkok Post
CPRAM Co, a food manufacturer under Charoen Pokphand Group, the country's biggest agribusiness conglomerate, aims to increase its sales by at least 10% this year to 27.5 billion baht.

Marriott optimistic on revenue improvement in Asia
Bangkok Post
Marriott International expects to maintain positive revenue per available room (RevPar) for its properties in Asia, which has already exceeded levels posted in 2019.

Sentiment hits 3-year high amid economic recovery
Bangkok Post
The Digital Industry Sentiment Index rose above the threshold of 50 in the first quarter for the first time in 12 months, reaching a three-year high, according to a survey by the Digital Economy Promotion Agency (Depa).

Is the tech talent crunch over?
Bangkok Post
Following numerous announcements of layoffs across the technology industry, many tech and business leaders have concluded that the tech talent crunch is over.

MQDC unveils plan for The Forestias Signature Series
Bangkok Post
Property developer Magnolia Quality Development Corporation (MQDC) plans to launch The Forestias Signature Series, a 44-storey residential tower worth 5.9 billion baht, targeting those seeking large urban condos.

Investors fret as Chinese factories decelerate
Bangkok Post
Economists are concerned about a weakening Chinese economy, saying the mainland's shaky recovery from the pandemic has pressured regional stock markets and the Thai economy.

April factory output drops 8%, worse than forecast
Bangkok Post
Thailand's manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Ministry said on Wednesday.

VAT refunds surge after reopening
Bangkok Post
Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.

Chadchart urges review of land tax
Bangkok Post
Bangkok governor Chadchart Sittipunt is calling on the incoming government to review the new land and building tax rules as Bangkok's revenues have dropped significantly since the new rates were put in place earlier this year.

Playing the waiting game
Bangkok Post
Analysts and investors are holding their breath as the new coalition government takes shape.

Thai economy resilient, on path to full recovery: Arkhom
Bangkok Post
Finance minister says prudent monetary policy should continue, sees headline inflation below 3% this year.

Opportunities in a global and Thai economic storm
Bangkok Post
The global economy and investment climate have been quite volatile this month. Most economic figures have begun to show signs of slowing down, ehile events that affect investment have been mostly negative.