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Top Thailand Property News Of The Week 8 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 12, 2024


The top residential and commercial real estate news of the week - 8 January 2024

Konvy aiming to achieve unicorn status by 2026
Bangkok Post
Konvy International, a Bangkok-based online beauty platform, aims to become a unicorn by 2026 via expansion in Southeast Asia and a plan to go public by that time.

CPN anticipates 20% sales growth in first quarter
Bangkok Post
Driven by the Chinese New Year festival and the government's Easy E-Receipt scheme, SET-listed Central Pattana (CPN) expects retail sales growth of 20% in the first quarter, projecting a combined cash flow of 15 billion baht across all Central shopping mall branches.

Em District posts growth at three malls
Bangkok Post
Retail operator Em District is unfazed by the uncertain economy, posting growth from high-spending customers at its three malls during the final quarter of 2023.

Low-rise segment dominates Rayong
Bangkok Post
The residential market in Rayong was driven by employees in industrial estates, with strong demand in the lowrise housing segment, while the condo sector struggled to meet demand.

Chon Buri real estate set to surge in 2024
Bangkok Post
The residential market in Chon Buri is expected to sustain its growth throughout 2024, propelled by foreign interest in condos, despite the large quantity of new supply.

Watthana top among condo buyers
Bangkok Post
Despite the high price per square metre, the Watthana district was Bangkok's most popular location among both foreign and domestic condo buyers and tenants because of its amenities and convenient transport options.

E-commerce competition set to heat up
Bangkok Post
The round of layoffs taking place at Alibaba-owned Lazada in Southeast Asia signals tougher competition in Thailand's e-commerce sector as players jockey for profit growth to increase investor confidence and prepare for new rivals.

Carrefour pulls PepsiCo products over price hikes
Carrefour (CARR.PA) is telling customers in four European countries it will no longer sell products, such as Pepsi, Lay's crisps and 7up because they have become too costly, in the latest tug-of-war over prices between retailers and global food giants.

Local investors adjust strategies
Bangkok Post
The majority of Thai stock investors have been forced to reconsider their strategies because of inflation and geopolitical uncertainties, although they still expect higher returns this year than last, according to a recent global survey.

PM's Japan trip attracts investment
Bangkok Post
Honda Automobile (Thailand) has commended government efforts in attracting Japanese car makers to invest in Thailand's electric vehicle (EV) sector, with more promising results expected.