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Top Thailand Property News Of The Week 21 Mar 2022

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 25, 2022

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The top residential and commercial real estate news of the week - 21 March 2022

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 - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Travel rules eased if caseload decreases
Bangkok Post
The Test and Go scheme and Thailand Pass registration are expected to be scrapped by June 1 if there is no surge in infections or fatalities during the Songkran festival in April, says the Tourism and Sports Ministry.

Frasers allocates B10bn to increase industrial space
Bangkok Post
Frasers Property Industrial (Thailand) or FPIT plans to spend 10 billion baht to increase industrial space from 3 million square metres to 4 million sq m by 2025, with 50% of new development aimed at the "new economy" segment.

Marriott preps 7-8 new properties in Thailand
Bangkok Post
Marriott International plans to open 7-8 new properties in Thailand this year as part of its plan to add 33 properties over the next five years. Jakob Helgen, area vice-president for Thailand, Vietnam, Cambodia and Myanmar at Marriott International, said at least 33 new properties are secured, but that one or two larger projects could take a longer time to develop.

Help sought on land and building tax
Bangkok Post
The House committee on consumer protection has been asked to seek government help to allow building owners to pay land and building tax partially instead of the full amount, due to lingering economic hardship.

The latest diversification strategy by Thai residential developers
CBRE Thailand
The effort to survive through growing competition, economic and financial challenges, and the ripple effect of the pandemic, have pushed residential developers in the last couple of years to adopt bold new diversification strategies and question the traditional approach of specializing in one market segment.

Platforms say no to fee increase
Bangkok Post
Seven online delivery platforms confirmed on Monday that they would not raise their delivery charges despite rising energy prices caused by the Russia-Ukraine conflict to help reduce the cost of living.

Lazada CEO warns against ‘Walled Garden Super App’ in tTech
Bloomberg
Chun Li, who presides over Alibaba Group Holding Ltd.’s Southeast Asian unit Lazada, said digital companies in the region should steer away from creating walled-garden super apps in favor of more collaboration and differentiation.

Singha Estate to allocate B11bn to projects this year
Bangkok Post
SET-listed property company Singha Estate is planning to invest 11 billion baht in new and existing projects this year, aiming for 73% growth in revenue once global tourism recovers.

Mixed reactions to scrapping tests
Bangkok Post
The business sector voiced a varied response to the government's latest decision to scrap the mandatory pre-departure coronavirus test for visitors starting next month.