Article | Creating Resilience
Top Thailand Property News Of The Week 6 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 10, 2023
The top residential and commercial real estate news of the week - 6 November 2023
Phuket pushes for free port, convention hall
Phuket tourism operators are pushing for an integrated plan to establish the province as an exhibition hub by dusting off a long-delayed project for an international convention centre and making the island a free port city.
Frugal travel spending set to continue
Travellers would become more price-sensitive in an unstable global economy, while the majority of Thais are worried about higher living costs and tended to spend less on travel, according to online travel agent Booking.com.
Meta touts ability to monetise content
Meta, the parent company of Facebook and Instagram, is building a content creator economy and unlocking creative commerce opportunities in Thailand.
Carabao vows to fill gaps in the beer market
Carabao Group, the energy drink manufacturer, is set to tap Thailand's 260-billion-baht beer market following the introduction yesterday of its Carabao and Tawandang beer brands.
Berlin keen on Land Bridge project
Germany has shown a keen interest in Thailand's Land Bridge megaproject and has invited the government to conduct a roadshow in Germany to woo investors, Transport Minister Suriya Jungrungreangkit said yesterday.
The Great Room bullish on prospects
Businesses providing co-working spaces have maintained a steady growth post-pandemic as people return to work by opting for a flexible working space, with the Asia-Pacific region reporting a higher utilisation rate than other regions, according to The Great Room, an operator of co-working spaces.
WeWork forced to file for bankruptcy in the US
WeWork, the shared office firm that was once valued at $47bn (£38bn), has been forced to file for bankruptcy in the US. The decision follows the meteoric rise - and fall - of a company which was once seen as the future of the workplace.
AP keen on demand as it unveils condos
SET-listed developer AP Thailand plans to launch two new condo projects near Iconsiam and Victory Monument worth a combined 7.3 billion baht this month, aiming to secure its presales target of 13 billion baht by year-end.
Is land bridge plan just a pipe dream?
Cargo vessels loaded with containers are on both sides of the sea, clearly representing the South China Sea in the Gulf of Thailand and the Andaman Sea. In between are a train and truck that connect the two coasts.