Top Thailand Property News Of The Week 11 September 2023

The top residential and commercial real estate news of the week - 11 September 2023

CPN readies 50 residential developments
Bangkok Post
SET-listed developer Central Pattana (CPN) has prepared land plots for 50 residential developments to launch from 2024 to 2026, aiming to generate a combined revenue of 24 billion baht in those years.

New foreign tourism goal set at B3tn
Bangkok Post
The new tourism and sports minister set a new record target for foreign tourism receipts of 3 trillion baht, up from 1.9 trillion in 2019, aiming to establish the country as a sports and entertainment hub.

Developers seek state aid for agricultural sector
Bangkok Post
The government should bolster the provincial economy by enhancing the agricultural sector as this will create a ripple effect in Bangkok and ultimately stimulate demand for housing nationwide, say developers in the Northeast.

CRC unit to invest B20bn in Go Wholesale
Bangkok Post
Central Food Wholesales, part of Central Retail Corporation (CRC), the country's biggest retailer, is set to allocate roughly 20 billion baht to expand its Go Wholesale stores over the next five years.

Chinese visa waiver scrutinised
Bangkok Post
A visa-free scheme for Chinese travellers would not immediately increase the market to 700,000 arrivals from the mainland per month because of concerns about safety and a slow resumption of flights, which are only half of the pre-pandemic levels of 2019.

Call for measures to boost Chiang Mai housing sector
Bangkok Post
The Chiang Mai housing market is expected to recover next year, but the government should implement measures to enhance home purchasing power, according to local developers.

LHMH shrugs off dimmer outlook in Europe
Bangkok Post
Europe's worsening economic outlook won't affect the hotel situation in Pattaya, as most guests arrive from other countries within Asia or are domestic tourists, according to LH Mall and Hotel (LHMH).

Hilton set to expand affordable upscale brand in region
Bangkok Post
With the middle class in Asia and mass tourism growing, international hospitality chain Hilton is aiming to expand its affordable upscale brand to the region, including Thailand, as one of its fastest growing portfolios.

Developers warned over unsold homes
Bangkok Post
Kasikorn Research Center has warned developers to be more cautious about launching new residential supply due to increasing amounts of unsold inventory, rising costs, and a declining population.

Shopping never goes out of style
Bangkok Post
Thailand has become an important destination for internationally renowned brand names looking to establish their presence.

Small hotels urged to get a licence
Bangkok Post
Phuket aims to promote licences among small hotel operators to prepare for the high season. The registration for hotel licences is expected to augment the city's capacity to welcome over 10,000 visitors per day, or 2.19 million visitors per year.