Article | Creating Resilience

Top Thailand Property News Of The Week 1 January 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.

January 5, 2024


The top residential and commercial real estate news of the week - 1 January 2024

UHG expects 10% revenue hike this year
Bangkok Post
Commercial property developer UHG expects revenue growth of 10% to 2.2 billion baht in 2024, with Chinese tourist arrivals potentially returning in the third quarter of the year.

Visa pact to boost stocks
Bangkok Post
Investors are recommended to gradually buy and accumulate travel stocks as the permanent visa-free arrangement between Thailand and China could drive the number of Chinese visitors to rise by 57% this year, with total foreign arrivals reaching 33 million, according to analysts.

Tourism target seen as ambitious
Bangkok Post
Tourism operators see the government's goal of 40 million foreign arrivals as a challenge, considering high travel expenses, sluggish demand in populous markets such as China and Russia, and competition from neighbouring countries.

Government urged to allay concerns over rate hikes
Bangkok Post
As interest rates steady, the government should announce there will be no new rate hikes to bolster homebuyers' confidence amid an uneven economic recovery, says a property researcher.

E-commerce faces tax crackdown
Bangkok Post
The Revenue Department's decision to require digital platforms to report revenue gained from their online merchants is expected to affect Thailand's e-commerce landscape on many fronts.

EEC greenlights business centre and smart city
Bangkok Post
The Eastern Economic Corridor (EEC) Policy Committee yesterday approved the establishment of the EEC Business Centre and Livable Smart City, which are expected to create more than 200,000 jobs.

Competition in delivery services to intensify
Bangkok Post
Chinese logistics giant SF Holding's acquisition of shares in Kerry Express (Thailand) is set to intensify competition in Thailand's delivery services sector.

Developers should be wary of low-cost condo segment
Bangkok Post
Developers should exercise caution when launching new condos and townhouses priced less than 2 million baht in Greater Bangkok as a substantial inventory of unsold units might result in increased competition, potentially leading to discounted prices.

Thai hospitality groups go global
Bangkok Post
As the tourism recovery gathers pace across the globe, Thai hospitality groups expanded their presence beyond the domestic market to capitalise on robust demand in many destinations.

CEOs voice concerns for 2024
Bangkok Post
Head honchos from key sectors highlight the biggest challenges and risks in the year ahead.

Seeing stars in 2024
Bangkok Post
With the Thai economy recovering, analysts identified six sectors likely to make a splash this year.