Top Thailand Property News Of The Week - 22 February 2021

The top residential and commercial real estate news of the week - 22 February 2021

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.

Mo Chit Complex contract soon
Bangkok Post
The Treasury Department is preparing to sign a contract for the Mo Chit Complex project worth 26 billion baht, after 25 years of delays, says director-general Yuttana Yimgarund. The 63-rai development project is located across Chatuchak Park and Bangkok Terminal is the concession recipient.

Chatuchak locals 'won't lose homes'
Bangkok Post
The Treasury Department on Wednesday assured a community in Chatuchak district that it would not appropriate land on which the community is located to pave the way for the revival of a mass transit terminal project.

AP banks on single houses, townhouses
Bangkok Post
SET-listed developer AP Thailand Plc continues its focus on single houses and townhouses to drive presales growth for another year, planning to launch 34 new projects worth a total of 43 billion baht, with 30 sites in the low-rise segment.

State Enterprise Policy Office announces 4 PPP megaprojects
Bangkok Post
Four mega-infrastructure development projects, worth a combined 160 billion baht, will be developed this year under the public-private partnership (PPP) arrangement, says the State Enterprise Policy Office (Sepo).

Donki Mall expansion for TOAVH
Bangkok Post
TOA Venture Holding (TOAVH) expects revenue will grow by 10% this year to 12.8 billion baht as the company continues to look for new business opportunities, including branching out into the Japanese-style Donki Mall in Thailand, under a 540-million-baht investment this year.

Siam Future to resume investment in second half
Bangkok Post
SET-listed Siam Future Development Plc, the developer of community malls such as Esplanade, La Villa and Market Place and the Avenue, looks set to resume its investment, postponed from last year because of the pandemic, in the second half of this year.

PSH adding healthcare tweak
Bangkok Post
SET-listed developer Pruksa Holding (PSH) will scale down the number of new projects being launched each year and shift to focus on growth and profit efficiency by adding healthcare services to residential projects.

Chewathai looks to clearing inventory
Bangkok Post
With a boom in the property market expected in 2022, MAI-listed developer Chewathai Plc has stopped new launches and is focusing on inventory clearance instead this year. Managing director Boon Choon Kiat said 2021 will be a recovery year for the property market with a normal situation expected in the fourth quarter.

Minor Hotels taps China's growing domestic tourism
Bangkok Post
Minor Hotels is planning an aggressive expansion in China to capture the growth of domestic tourism there, which is expected to record an all-time high.