Article | Creating Resilience

Top Thailand Property News Of The Week 4 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 8, 2024


The top residential and commercial real estate news of the week - 4 March 2024

Ministries vow to ease land & building tax
Bangkok Post
The Finance Ministry and Interior Ministry have pledged to improve the land and building tax to prevent a negative impact on the public amid several economic challenges.

SCB predicts flat growth for SME, retail segments
Bangkok Post
Siam Commercial Bank (SCB), the banking business unit under SCB X Plc, expects no growth in small and medium-sized enterprise (SME) and retail loans this year, citing the fragile financial conditions of these two customer segments.

Hospitality industry takes centre stage
Bangkok Post
The Commerce Ministry aims to position Thailand as the epicentre of the hotel, restaurant and catering (HoReCa) industry in Asia.

Industry panel bullish on Q2 outlook
Bangkok Post
The Thai economy, which is expected to grow slowly this year, should improve in the second quarter thanks to state budget spending and easing tension in the Red Sea region, says the Joint Standing Committee on Commerce, Industry and Bangkok (JSCCIB).

Sena strategies aim to shift unsold condos
Bangkok Post
SET-listed developer Sena Development is planning to implement new strategies to rent out and transfer completed unsold condos, coping with a high mortgage rejection rate in an effort to increase sales and revenue this year.

CBRE named WELL enterprise provider of the year
CBRE has been named the International WELL Building Institute (IWBI) WELL Enterprise Provider of the Year, reflecting its leadership in creating workplaces that support the well-being of people. The IWBI celebrates organizations and individuals that are making outstanding strides in health, well-being and equity.

TAT survey notes spending surge
Bangkok Post
Foreign tourists spent more on accommodation following the pandemic and opted for street food more than fine dining, while TikTok has gained prominence among people seeking information and inspiration for trips to the nation, according to the Tourism Authority of Thailand (TAT).

Travellers push up demand for rental residences
Bangkok Post
Thailand can expect stronger demand for rental residences, especially from foreign expatriates or young workers who may not be able to afford to purchase a home, according to rental residence developer Homa.

The battle over interest rates
Bangkok Post
The premier is pushing the central bank for a cut, but the regulator has several issues to consider other than an economic bump.