Article | Creating Resilience

Top Thailand Property News Of The Week 18 March 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 22, 2024


The top residential and commercial real estate news of the week - 18 March 2024

Developers project 10% residential gain
Bangkok Post
The residential market this year is expected to grow by 10%, even though eased loan-to-value (LTV) limits were not approved and interest rates might not decrease soon, according to property developers.

SPCG presses ahead with delayed solar farm in EEC
Bangkok Post
SET-listed SPCG, a pioneer in solar farm development, anticipates the smooth development of its much-delayed solar farm project in the Eastern Economic Corridor (EEC), as the construction cost is likely to decrease by 25%.

TCC Assets preps B113bn One Bangkok
Bangkok Post
TTCC Assets (Thailand), a property arm owned by the Sirivadhanabhakdi family, is transforming Rama IV Road with the launch of the 113-billion-baht One Bangkok mixed-use project, following its investment of nearly 39 billion baht in developing six projects along the same road.

Dusit suggests more tourism segments
Bangkok Post
To achieve the government's target of 3.5 trillion baht in tourism revenue this year, Thailand needs to attract more segments apart from leisure travellers to compete with other destinations, said Dusit International.

Phuket expects bumper crowds for water festival
Bangkok Post
The resort island is expected to welcome about 264,350 visitors during the Songkran holiday, generating at least 7 billion baht in income, according to the Tourism Authority of Thailand (TAT).

CBRE successfully assists Rasa Two in achieving LEED Silver Certification
CBRE, the world’s leading property consultant, is proud to announce that Rasa Two, a prominent Grade A office building located at the bustling intersection of Asok and Phetchaburi roads, has successfully obtained the esteemed LEED Silver certification with assistance from our Sustainability team.

IEAT signs land sale to boost southern economy
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) expects its latest land sale to a lightweight brick manufacturer to serve growing brick demand and support the government's plan to help the economy in the southern region.

CPN readies new Nakhon Pathom mall
Bangkok Post
Central Pattana Plc (CPN) plans to open its 42nd shopping centre dubbed Central Nakhon Pathom on March 30.

AWC still bullish on Songkran bookings
Bangkok Post
SET-listed Asset World Corp (AWC) is unfazed by the smog in Chiang Mai as it still anticipates strong bookings for hotels and restaurants next month during the Songkran festival.

Residential demand slows greatly in Chiang Mai
Bangkok Post
Residential demand in Chiang Mai began slowing in the second half of 2023 and has continued through the first two months of this year, largely attributed to shrinking purchasing power caused by the economic slowdown and higher interest rates.

4 trends hotel revenue managers need to pay attention to in 2024
Revenue managers within the hotel space have a host of variables to deal with and now, with artificial intelligence becoming as rooted within the segment as fresh linens, another is added.