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Top Thailand Property News Of The Week 22 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 26, 2024


The top residential and commercial real estate news of the week - 22 January 2024

Supalai bolsters investment in domestic, Australian markets
Bangkok Post
SET-listed developer Supalai is bullish on the domestic and Australian residential markets, planning to invest 12.6 billion baht to expand 12 projects in Australia and launch a record high of 42 new projects worth 50 billion in Thailand.

PM keen on aviation hub game plan
Bangkok Post
The government aims to make Thailand an Asian aviation hub and is seeking to hold talks with European countries for reciprocal visa exemptions, according to Prime Minister Srettha Thavisin.

Sales on course to achieve double-digit growth this year
Bangkok Post
Thailand's retail industry is expected to register double-digit growth this year, driven by private consumption and government stimulus measures.

FPT focusing on buildings with recurring income
Bangkok Post
SET-listed developer Frasers Property (Thailand) (FPT) will continue to weigh its portfolio with a focus on recurring income properties, particularly in the industrial sector, as the residential market is hamstrung by negative factors.

Scope poised to roll out B3bn condo project in Sukhumvit
Bangkok Post
Luxury developer Scope Co plans to launch a new condo project, Scope Thonglor, worth 3 billion baht with only 18 units, each occupying an entire floor and priced from 200 million baht, aiming to achieve 1.65 billion baht in sales during the launch period.

Sansiri to launch 46 residential projects
Bangkok Post
As global uncertainties persist, SET-listed developer Sansiri will launch 46 new residential projects worth a combined 61 billion baht and aims for a transfer growth of 10% to 43 billion baht by year-end.

CFR upbeat on Chinese New Year spending
Bangkok Post
Overall expenditure during Chinese New Year is expected to grow by at least 5-10% from the level recorded last year, driven by government incentives and promotional campaigns in the private sector, as Thais could spend up to 31% more than during the regular period, according to Central Food Retail (CFR), operator of Tops grocery stores.

Thai e-commerce rivalry set to surge
Bangkok Post
Geopolitical conflict between the US and China is bringing new e-commerce players into Thailand, which is expected to heat up market competition and widen the cross-border e-commerce market.

Land Bridge plan draws critics
Bangkok Post
The government will give serious consideration to concerns voiced by groups opposed to its Land Bridge megaproject, according to Prime Minister Srettha Thavisin, who will today lead a visit to the project's planned site in Ranong where a mobile cabinet is being held tomorrow.

Chinese tourist spending projected to soar
Bangkok Post
Tourism spending during the Chinese New Year holiday is forecast to reach 34.4 billion baht, of which 28.4 billion is expected from foreign visitors, especially those from Chinese-speaking countries.