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Top Thailand Property News Of The Week 27 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.

December 1, 2023


The top residential and commercial real estate news of the week - 27 November 2023

Traditional wellness to lure tourists
Bangkok Post
The Public Health Ministry is ramping up efforts to promote traditional wellness and medicine as a tourist attraction to help generate more income for the country.

Walmart shifts to India and cuts China imports
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.

CPN launches first low-carbon mall
Bangkok Post
Property and retail developer Central Pattana Plc (CPN) opened Central Westville yesterday, its first low-carbon mall as it attempts to expand the retail landscape in western Bangkok.

Reignwood set to plough B60bn into luxury project
Bangkok Post
Reignwood Group, a property firm owned by Chinese-Thai businessman Chanchai Ruayrungruang, plans to invest more than 60 billion baht to develop Reignwood Park in Pathum Thani as the largest luxury mixed-use project in Southeast Asia.

October factory output falls 4.3%
Bangkok Post
Thailand's manufacturing production index (MPI) in October dropped 4.29% from a year earlier, Industry Ministry data showed on Thursday.

Study reveals world's most expensive cities
Bangkok Post
Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.

Jack Ma urges ‘change and reform’ at Alibaba
Financial Time
Jack Ma has urged Alibaba to “change and reform” as the ecommerce giant he founded tries to find a new path after abandoning parts of its ambitious restructuring plan and its main Chinese rival gains ground.

Phuket launches 'crime-free' initiative
Bangkok Post
Phuket is kicking off a scheme that authorities say will help ensure the safety of international tourists during this high season.

Govt plans 2 new tollways
Bangkok Post
The Transport Ministry plans to build two new elevated tollways, Pathum Thani-Ayutthaya and Nonthaburi-western Bangkok, at an estimated total cost of 87 billion baht.

Calls for reduction in Sa Kaeo land rent
Bangkok Post
Prime Minister and Finance Minister Srettha Thavisin is being urged to boost investment by telling the Treasury Department to reduce land rent when it leases out land to investors in the Sa Kaeo Industrial Estate in eastern Thailand.

Tourist trap
Bangkok Post
From visa-free entry to digital border controls, Thailand is weighing up how it can attract more overseas visitors.