Top Thailand Property News Of The Week 21 November 2022

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

Uncertainty set to sustain foreign interest
Bangkok Post
Following the withdrawal of the foreign land ownership proposal, global uncertainty is expected to continue to encourage wealthy foreigners, particularly from the US, Myanmar, Canada and Saudi Arabia, to purchase properties in Thailand.

IT market facing shrinking sales
Bangkok Post
The IT market is facing subdued demand caused by economic challenges, high inflation and the weaker baht with the prospect of a sales contraction this year, according to IT product distributors.

Tourism Operators urged to focus on spending
Bangkok Post
The Natural Resources and Environment Ministry has urged the tourism industry to focus on spending per person instead of total arrivals to help preserve the environment, recommending policies such as capacity limits at tourist attractions.

Amlo to investigate two brokers in MORE case
Bangkok Post
The Anti-Money Laundering Office (Amlo) plans to investigate two brokers in the More Return Plc (MORE) share transactions case for failing to comply with Amlo's instructions for reporting risky transactions.

Buy now, pay later lures apps and e-marketplaces
Bangkok Post
Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

UHG keen on mid-tier hotels
Bangkok Post
Commercial property developer UHG is continuing to tap the mid-range market with plans to open two new hotels over the next 12 months in Bangkok, one by the Chao Phraya River in Klong San and another in Ratchathewi.

Luxury hotel chain to open in Japan's highest building in 2028
The Japan Times
British ultraluxury hotel chain Dorchester Collection plans to open in what will soon be Japan’s highest building, currently under construction in Tokyo, with the company making its first inroads into Asia slated for 2028, developer Mitsubishi Estate said.

Sansiri spells out green strategies
Bangkok Post
SET-listed developer Sansiri Plc continues to advance its net zero mission of becoming an organisation with zero greenhouse gas emissions in 2050 by installing solar roofs and electric vehicle (EV) chargers at its new housing projects, serving as a standard prototype for every type of home in every segment.

Rate cut sought for green homebuyers
Bangkok Post
SET-listed developers Sena Development Plc and Sansiri Plc will hold discussions with financial institutions in an effort to reduce the interest rate on mortgage loans for buyers of energy-saving homes, estimated at between 0.5% and 1% in the first year.

Sena diversifies as margin narrows
Channel News Asia
SET-listed Sena Development has diversified into other property-related businesses as the margin from residential development is lower and younger people are not buying houses.