Article | Creating Resilience

Top Thailand Property News Of The Week 25 September 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.

September 29, 2023


The top residential and commercial real estate news of the week - 25 September 2023

Narai to double portfolio in Asia-Pacific
Bangkok Post
Narai Hospitality Group wants to double its portfolio to at least 26 hotels in Asia-Pacific within 3-5 years, with a diversified scale from budget to luxury driven by robust travel demand.

WHA in bid to lure US tech firms to Thailand
Bangkok Post
SET-listed WHA Corporation, the country's largest developer of built-to-suit logistics facilities, expects Thailand to draw more US tech companies to invest in the country next year as they are interested in seeking business opportunities in Asean.

Taiwanese firms keen on local industrial estate
Bangkok Post
Taiwanese electronics companies are interested in building a new industrial estate based on a smart city concept in Rayong to serve manufacturers expanding into Thailand, according to the Industrial Estate Authority of Thailand (IEAT).

Habitat Group, ECG jointly invest in condo project
Bangkok Post
Property developer Habitat Group and Thai private equity firm ECG Venture Capital are jointly investing the development of a luxury condo project worth 3.5 billion baht in Pattaya, with the aim of tapping strong demand among foreign buyers.

BDMS Wellness Clinic forges tie-up to tap wellness tourism
Bangkok Post
BDMS Wellness Clinic, a subsidiary of Bangkok Dusit Medical Services Plc, has partnered with Mövenpick BDMS Wellness Resort to tap into the wellness tourism market.

Ananda opts to initiate price cuts
Bangkok Post
Ananda Development Plc will cut the prices of its ready-to-move-in residential units, reducing the company's gross profit by 8%, in an effort to secure liquidity and bolster cash flow amid a risk that it may be unable to secure a bond rollover, along with the crisis generated by the Ashton Asoke case.

MQDC appoints CBRE as sole office leasing agent for “The Hilltop Offices @Happitat” in The Forestias
Magnolia Quality Development Corporation Limited (MQDC) has held a signing ceremony with CBRE (Thailand) Company Limited for The Forestias Workplace office building, part of its “Happitat” (Happiness + Habitat) concept.

CBRE's mid-year Thailand and Asia Pacific Real Estate Outlook
Commercial real estate market faces challenges, but resilient sectors offer investment opportunities

Amazon takes big stake in AI startup Anthropic
The Seattle Times
Amazon said Monday it would invest up to $4 billion in the artificial intelligence startup Anthropic, as the world’s biggest technology companies race to benefit from AI breakthroughs that could reshape parts of their businesses — and the economy as a whole.