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Top Thailand Property News Of The Week 8 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 12, 2023


The top residential and commercial real estate news of the week - 8 May 2023

Uptick in consumer confidence persists
Bangkok Post
Consumer confidence in April rose for an 11th straight month, reaching the highest level in 38 months, helped by a reduction in Covid-19 infections, the recovery of domestic tourism and lively election campaigns nationwide.

Thailand joins Asean EV battery initiative
Bangkok Post
Thailand has teamed up with five technology and electric vehicle (EV) organisations in Asean to jointly study and develop EV battery technology in a fresh move to strengthen the growing EV industry in the region.

TFG preps retail expansion
Bangkok Post
Thaifoods Group Plc (TFG), one of te country's leading chicken and pig producers, look set to spend 3-3.5 billion baht to expand its business this year, especially through the opening of new retail outlets.

ESR tie-up to invest $1bn in properties
Bangkok Post
ESR (Thailand), a joint venture between the Hong Kong-based property investment firm ESR Group and Asia Industrial Estate, plans to invest US$1 billion between 2023-27 to develop 2 million square metres of logistics and industrial properties.

Condo-backed RealX token to debut on TDX
Bangkok Post
The RealX condo-backed token is on course to become the first digital asset to be traded on the Thai Digital Assets Exchange (TDX) later this quarter, with the aim of mobilising up to 3.5 billion baht, say executives.

Employment robust at Marriott hotels
Bangkok Post
Marriott International remains upbeat about Thailand's labour crunch in the tourism sector as employment at its properties countrywide now almost matches the level recorded in 2019.

Saha unit allocates B6bn for tower project
Bangkok Post
KingBridge Tower Co, a unit of Saha Group, has invested 6 billion baht to build KingBridge Tower, targeting office space for rent.

Dusit opens two Bangkok hotels this month, debuts in Japan on June 1
Bangkok Post
Dusit Hotels and Resorts under Dusit International, one of Thailand’s leading hotel and property development companies, is opening three hotels within the next 30 days. Two new properties in Bangkok and another in Japan.

Bangkok land price index surges in Q1
Bangkok Post
The land price index in Greater Bangkok rose in the first quarter of 2023 with a double-digit increase, driven by land price hikes on the outskirts of the capital.

Zoning shift for Natai Beach spurs hope
Bangkok Post
Based on its proximity to Phuket and its airport, Natai Beach is poised to become an international tourist destination, with several property developers ready to start their projects once a new town plan comes into effect.

Thailand urged to focus on wellness
Bangkok Post
Thailand's health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.