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Top Thailand Property News Of The Week 16 October 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.

October 20, 2023


The top residential and commercial real estate news of the week - 16 October 2023

Condo prices suffer from glut
Bangkok Post
The price index of new condos in Nonthaburi and Samut Prakan declined for four consecutive quarters because of an oversupply of unsold units in older projects, primarily within price segments affected by negative factors.

More Thais ready to travel
Bangkok Post
Roughly 88% of Thai travellers intend to travel at least the same amount as they did over the past year, including 53% who intend to travel more, according to a survey by SiteMinder, a global hotel commerce platform.

PM plots green growth path
Bangkok Post
Prime Minister Srettha Thavisin has proposed a path to sustainable development for Thailand, pledging to foster more cooperation with China under the Belt and Road Initiative (BRI).

Hotels unable to improve room rates
Bangkok Post
Hotels in major destinations overall have been unable to improve the average daily room rate during the high season, due to the slow rebound of the mass market, according to the Thai Hotels Association (THA).

Retail giants confident in Siam Paragon
Bangkok Post
Major global retailers continue to place their unwavering trust in Siam Paragon and Thailand as one of the world's most popular global destinations.

EEC seeks investment of B500bn
Bangkok Post
The new government aims to attract 500 billion baht in real investments to the Eastern Economic Corridor (EEC) within five years.

China's Country Garden offshore debt default looms
Yahoo Finance
Country Garden Holdings , China's biggest private property developer, is hours away from defaulting on its $11 billion in overseas debt, yet to make a coupon payment due on Wednesday to its bond investors.

Singha to launch B5bn projects in Q4
Bangkok Post
SET-listed Singha Estate is planning to launch two new low-rise housing projects worth 5 billion baht in the fourth quarter, targeting a pricing segment of 15 million baht as buyers in this range are receiving a minimal impact from economic conditions.

Siam Piwat forges two new partnerships
Bangkok Post
Siam Piwat Co, the operator of Siam Center, Siam Discovery and Siam Paragon, is teaming up with two new retail partners from China and South Korea, with the aim of enticing affluent customers from both partners to shop at Siam Piwat's retail complexes by the end of this year.

Bid to accommodate Blue Flag online
Bangkok Post
The Internal Trade Department is planning talks with food delivery platform operators to facilitate the inclusion of Thong Fah (Blue Flag) outlets, which sell food at affordable prices, on their online platforms, providing consumers with a way to save on their daily food costs.