Top Thailand Property News Of The Week 4 September 2023

The top residential and commercial real estate news of the week - 4 September 2023

Bangkok new condo sales remain low in second quarter
Bangkok Post
Sales of new condo supply launched in Bangkok in the second quarter remained low as buyers continued to opt for units that are ready to move in to avoid mortgage rejections.

PM talks investment roadshow strategy
Bangkok Post
Prime Minister and Finance Minister Srettha Thavisin is gearing up for an investment roadshow to be organised during his trip to the 78th UN General Assembly in New York from Sept 18-24.

Thai hotel bookings surge thanks to government agencies
Bangkok Post
Hotels have started to record an uptick in bookings from government agencies that have to use their fiscal 2023 budget before the deadline at the end of September, though reservations for China's national holiday in October remain weak.

Sansiri ups condo transfer target by 15%
Bangkok Post
SET-listed developer Sansiri has upgraded its condo transfer target by 15% to 12 billion baht by year-end as its performance over the past eight months exceeded expectations, primarily driven by sales of ready-to-movein units.

BOI okays 20 projects by Taiwan electronics firms
Bangkok Post
The Board of Investment (BoI) has approved 20 new investment projects worth 30 billion baht from Taiwanbased electronics companies that want to use Thailand as their new export base.

AWC, 2C2P tout Asean hub
Bangkok Post
SET-listed Asset World Corp (AWC) and digital payment service provider 2C2P (Thailand) called on the new government to promote Thailand as an Asean hub for regional offices and to offer support for startups to enhance the country's competitiveness.

Warning over new hotel regulations
Bangkok Post
New ministerial regulations allowing places of accommodation with no more than eight rooms and 30 guests to be excluded from the hotel business would lead to a 15-20% loss of tourism revenue and an increase in safety risks, according to the Thai Hotels Association (THA).

Chinese developer avoids debt default
Nikkei Asia
Chinese real estate developer Country Garden Holdings made coupon payments on two U.S. dollar bonds ahead of a 30-day grace period deadline on Tuesday, avoiding a default that would have further pressured the nation's ailing property sector.

Width restrictions stymie three capital condo builds
Bangkok Post
The Thailand Consumer Council (TCC) has inspected three small roads, or sois, in two districts and found that soon-tobe-built condominium projects in each might breach the law.