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Top Thailand Property News Of The Week 20 November 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.
November 24, 2023
The top residential and commercial real estate news of the week - 20 November 2023
JV set to launch B1.7bn condo project
Issara United, a joint venture between SET-listed developer Charn Issara Development and Thai conglomerate Saha Group, will launch a new condo project in Hua Hin worth 1.7 billion baht to capitalise on the robust demand for vacation homes.
Jakarta learns from TikTok Shop ban
With the emergence of digitalisation, the dynamics of competition in e-commerce have drastically shifted. This shift has also introduced "social commerce", commonly known as "s-commerce" as a new phenomenon in Indonesia's digital economy.
Sector steered by demographic trend
The development of nursing homes has an estimated market value of up to 19.2 billion baht over the next decade, a significant sum thanks to a substantial gap between limited supply and a projection of high demand.
Construction jobs to grow amid condo revival
Construction jobs in the private sector are expected to rebound next year as the effects of the pandemic on the property sector, particularly the condo segment, are projected to end this year, according to SET-listed contractor Prebuilt Plc.
Wellness sector to survive global woes
The global economic slowdown and geopolitical conflicts will not affect high-spending guests in Thailand's wellness sector, according to MSpa International, a spa and wellness arm of Minor Hotels.
What is Black Friday? And will shoppers find bargains this year?
Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Pattaya launches new tourism federation
The tourism and hospitality sector in Pattaya has registered a new federation to boost Chonburi's tourism revenue, which remained lagging behind the level recorded in 2019.
Chinese firms in sprint to cultivate generative AI
China's technology giants are racing to develop generative artificial intelligence (AI) to compete with US companies, launching their own large language models (LLM) to support a wide array of uses, ranging from weather forecasts and financial analysis to 3D e-commerce.