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Top Thailand Property News Of The Week 30 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.
November 3, 2023
The top residential and commercial real estate news of the week - 30 October 2023
Beautrium allocates B2bn to expand store count to 100
Beautrium, a speciality beauty chain, has earmarked 2 billion baht to grow its store count to 100 branches within four years.
Central Vietnam earns recognition
Central Retail Vietnam has secured a leading spot among the top 10 reputable companies in the food, beverage, retail and packaging industries in Vietnam for a third consecutive year in 2023.
Bangkok land price index up 3% in Q3
The land price index in Greater Bangkok for the third quarter of 2023 increased 3% year-on-year, the lowest growth rate in seven quarters.
Analysts pick stocks to benefit from land bridge
Shares in the sectors of contractors, industrial estates, transport and finance are expected to benefit the most if the proposed land bridge project is implemented, positioning Thailand as a regional transit hub, say analysts.
Army land to be gifted to farmers
More than 9,000 rai of army-owned land will be redistributed as a New Year gift to landless farmers in Udon Thani, Prime Minister Srettha Thavisin said yesterday.
Shein purchases UK fashion brand Missguided from Frasers
Retail Insight Network
Online fashion and lifestyle retailer Shein has acquired the women’s fast fashion brand Missguided from UK-based retail company Frasers Group.
Recovery of condos, office buildings reflected in new data
Juristic person businesses overseeing condo and office buildings are thriving, driven by the country's recovering economic, tourism and real estate growth, according to Commerce Ministry data.
Contractors push for tax incentive
The government should offer tax incentives to buyers of self-built homes as it can contribute to the economy, increase stamp duty revenue and deter irresponsible builders, says the Home Builder Association.
Home price growth slows as steel dips
The construction price index for standard homes increased by 1.5% year-onyear in the third quarter of 2023, continuing a four-quarter slowdown, with a major contributor being lower prices of steel and sanitaryware.
Australian apartment renters face hard choices
Australia’s rental housing market is in crisis due to record migration and a severe supply shortage, leading to skyrocketing prices and low vacancies nationwide.