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Top Thailand Property News Of The Week 15 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 19, 2024


The top residential and commercial real estate news of the week - 15 January 2024

AoT wants key gateway among top 50
Bangkok Post
Airports of Thailand (AoT) aims to push Suvarnabhumi airport to rank among the world's 50 best airports within the next two years, according to the new chairman of its board of directors.

Noble continues to tap overseas markets
Bangkok Post
After achieving a record high in overseas sales last year, SET-listed developer Noble Development will continue introducing ready-to-move-in condos priced below 5 million baht in locations familiar to foreigners to tap overseas markets this year.

Developer eyes 20% revenue growth
Bangkok Post
SET-listed Singha Estate is aiming for a 20% revenue growth from 2023, targeting 18 billion baht by the end of 2024, with the hospitality business being the key driver, fuelled by a robust global tourism sector.

B6bn road project aims to ease traffic
Bangkok Post
The Department of Highways is planning to build a new road to connect Phutthamonthon Sai 4 Road with Bang Yai-Kanchanaburi Motorway, hoping it will help ease traffic on these two roads and support urbanisation in the surrounding areas.

Bangkok condo prices rise amid year-long surge
Bangkok Post
Condo prices in Bangkok have continued to rise, with lower Sukhumvit experiencing the highest increase, while those in neighbouring provinces dropped, primarily due to the large number of remaining unsold units.

EEC eyes foreign investment of B100bn
Bangkok Post
The Eastern Economic Corridor (EEC) Office targets increasing the value of foreign investment to 100 billion baht per year from 70 billion in an effort to upgrade the country's competitiveness, especially via the digital sector.

Local rates seen lower in 2024
Bangkok Post
Institutional investors expect Thailand's policy interest rate to be cut by 0.25% to 2.25% this year, recommending an overweight position in fixed income assets, according to the Association of Investment Management Companies (AIMC).

Chat commerce set to surge
Bangkok Post
Line Thailand forecasts that the value of chat commerce will reach 1.14 trillion baht in 2028, up from 462 billion baht in 2023, with a compound annual growth rate of 19.2%.