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Top Thailand Property News Of The Week 9 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 13, 2023


The top residential and commercial real estate news of the week - 9 October 2023

Condo action still needed
Bangkok Post
An order by the Administrative Court to revoke the construction permit and environmental assessment study reports of another city condo highlights the serious need to tighten the work of state agencies in regulating these luxury housing projects.

Luxury Sathon condo construction permit revoked
Bangkok Post
The Central Administrative Court has revoked a construction permit and environment impact assessment (EIA) report of "The 125 Sathorn" luxury condominium project due to its building design being larger than permitted by law.

CPN to nurture Nakhon Phanom, Nong Khai
Bangkok Post
Retail and property developer Central Pattana Plc (CPN), the operator of Central shopping centres nationwide, plans to invest 3 billion baht to develop the northeastern provinces of Nakhon Phanom and Nong Khai into secondary cities with great potential on par with megacities.

Tourism threatened as risks pile up
Bangkok Post
War in Israel and reduced confidence after last week's Bangkok mall shooting are expected to cause foreign arrivals to drop next week, though the private sector hopes the visa exemption scheme can resuscitate the market over the next two months.

CPN plans B100bn Bangkok mega projects
Bangkok Post
Retail and property developer Central Pattana Plc (CPN), the operator of Central shopping centres, plans to develop five mega mixed-use projects in Bangkok's downtown and central business district (CBD), as well as northern Bangkok, between 2023 and 2027 at a cost of over 100 billion baht.

Bangchak expands into retail sales of LNG
Bangkok Post
SET-listed energy conglomerate Bangchak Corporation is venturing into retail sales of liquefied natural gas (LNG) to truck drivers by taking advantage of the limitations of other alternative fuels in the market, notably compressed natural gas (CNG) and batteries.

Consumer confidence improves for second straight month
Bangkok Post
Consumer confidence rose for a second straight month in September, following a clearer political landscape in the country, but concerns about global economic prospects linger.

Banyan Tree in B17bn Khao Yai project
Bangkok Post
Hospitality firm Banyan Tree Group has partnered with the owner of a 226-rai plot of land in Khao Yai to develop a branded residence project worth 17 billion baht, capitalising on strong post-pandemic demand for second homes.

Inheritance tax rejig mulled
Bangkok Post
The Revenue Department plans to adopt the prime minister's proposal to amend the inheritance tax law to reduce economic inequality, says a department source who requested anonymity.

UHG to invest B3.1bn to develop two new hotels
Bangkok Post
Hotel and office developer UHG plans to invest 3.1 billion baht to develop two new hotels in the Ramkhamhaeng and Phaya Thai areas to capitalise on the potential of these locations and meet high demand from its hotels nearby.