Top Thailand Property News Of The Week 12 February 2024

The top residential and commercial real estate news of the week - 12 February 2024

Chewathai preps B600m for land, 4 new projects
Bangkok Post
MAI-listed developer Chewathai is preparing 600 million baht to acquire new land plots and launch four residential projects worth a combined 3.7 billion baht, aiming for a 5% increase in revenue to reach 2 billion baht this year.

Netizens hit out at pricey Phuket airfares
Bangkok Post
Social media was awash with comments this week from local travellers bemoaning the high price of airfares to Phuket.

Surge in new office supply to prompt rejig
Bangkok Post
Landlords of existing spaces need to adjust As around 1.4 million square metres of new office space is slated for completion between 2024 and 2026, landlords of existing office space should renovate or add new amenities to retain their existing tenants as new office towers will seek to attract both new clients and tenants of existing properties looking to relocate.

Centara adds 5 properties in bid to boost hotel footprint
Bangkok Post
Centara Hotels & Resorts has added five properties to its diverse portfolio in a drive to strengthen its footprint in Thailand and Vietnam.

New IEAT projects aim to attract ESG investors
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) is planning to launch new projects this year for prospective investors interested in environmental, social and corporate governance (ESG) principles while operating businesses at its industrial estates.

Raimon Land ups capital to B7.76bn
Bangkok Post
Raimon Land Plc, a leader in luxury and ultra-luxury real estate development, has announced a capital increase of 3.58 billion baht to 7.76 billion baht and a warrants issue.

CRC targets 9-11% revenue growth
Bangkok Post
Central Retail Corporation (CRC) is targeting 9-11% revenue growth in 2024, mainly driven by improved tourism and consumption, while voicing concerns over an influx of cheap imported goods.

E-commerce players urge reform of sector
Bangkok Post
Tech pioneers are urging policymakers to address the country's digital deficit, which is expected to reach 200 billion baht per year. They have also called on policymakers to tackle the influx of Chinese products on Thailand's e-commerce platforms, which has affected local small and medium-sized enterprises (SMEs).

Firms urged to embrace diversity
Bangkok Post
The business sector is being urged to endorse the concept of gender diversity and join forces with the government to drive the country towards becoming an inclusive society.

The lowdown on the 1997 financial crisis
Bangkok Post
The 1997 Tom Yam Kung crisis was triggered by excessive loan extension by financial institutions and the liberalisation of the country's financial market, allowing Thai commercial banks to borrow money from foreign financial institutions to provide loans to businesses, says Sanan Angubolkul, chairman of the Thai Chamber of Commerce.

Japanese outlay of B10bn fuels Thai S-curve sectors
Bangkok Post
Two Japanese firms are planning to spend a total of 10 billion baht expanding their investment into Thailand in S-curve industries, says the Industry Ministry.