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Top Thailand Property News Of The Week 26 February 2024

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.

March 1, 2024


The top residential and commercial real estate news of the week - 26 February 2024

Phuket housing market still robust
Bangkok Post
The Phuket residential market is expected to remain robust in 2024, with prices projected to increase by 10-15%, driven by Russian demand and an anticipated return of Chinese buyers in the second half, according to property consultant CBRE Thailand.

AWC banking on high-spending tourists
Bangkok Post
SET-listed Asset World Corp (AWC) remains bullish on high-spending tourists and plans to invest in several projects valued at 36 billion baht this year.

EU lawmakers back transparency rules for Airbnb-style rentals
The European Parliament approved new data-sharing rules Thursday that clamp down on illegal short-term rentals to protect the residents of European cities -- many of whom face shortages of affordable housing.

TikTok reveals Thai shopping trends
Bangkok Post
Thai consumers are more influenced by platforms and communities as their shopping behaviour evolves based on content, according to recent research conducted by TikTok and Accenture.

China's thriving outbound tourism contributes to global economic recovery
PR News
The past Chinese New Year holiday just witnessed a surge in China's outbound tourism. According to statistics released by China's Ministry of Culture and Tourism, around 3.6 million overseas trips were made by Chinese tourists during the holiday.

Revealing future property insights: Thailand's 2024 real estate trends
CBRE Thailand shares, Thailand begins 2024 with a cautious outlook, both economically and for the real estate sector in general. CBRE Thailand, the leading international property consultant, highlights key trends to watch in the residential, office, retail, industrial and logistics, and hotel sectors in Thailand.

Iconic Dusit Thani Bangkok to reopen
Bangkok Post
Dusit Hotels and Resorts has announced it plans to reopen Dusit Thani Bangkok in September 2024.

Centel revenue up 24% to B22.5bn
Bangkok Post
Central Plaza Hotel Plc (Centel), the operator of Centara Hotels and Resorts and its food business, reported 6.02 billion baht in total revenue for the fourth quarter of 2023, an increase of 9% year-on-year.

Housing prices expected to remain flat
Bangkok Post
Housing prices this year will remain flat as the market is forecast to be unfavourable, with an overwhelming number of unsold units and many developers seeking to cash in.

Call for visa-free travel for Indians in Thailand
Bangkok Post
Tourism operators have urged the government to discuss a long-term mutual visa-free scheme between Thailand and India, which is set to become the third-largest economy in 2027.

Sino-Thai rail link set for 2-year, B4bn delay
Bangkok Post
The construction of the Thai-Chinese high-speed train project is likely to face a delay of two years and about 4 billion baht more in funding to change a section of track in Nakhon Ratchasima, the State Railway of Thailand (SRT) has revealed.

Housing prospects dim in
Bangkok Post
The housing market outlook remains hazy for the first quarter as both developers and homebuyers lack confidence in performance and purchases, dampened by elevated interest rates.