Top Thailand Property News Of The Week - 24 Jan 2022

The top residential and commercial real estate news of the week - 24 January 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.

Dusit retains strategy for hotel openings this year
Intellasia East Asia News
SET-listed Dusit International is maintaining its plan for hotel openings this year, focusing on an asset-light model and preparing a comprehensive strategy for long-term success.

AP lines up 65 projects worth B78bn
Bangkok Post
SET-listed developer AP Thailand plans to launch 65 new projects worth a combined 78 billion baht this year, the largest tally in the market, with units priced from 1.8 to 50 million baht.

Race to clear Rayong spill
Bangkok Post
Frantic efforts were underway on Wednesday to clear up about 160,000 litres of crude oil which leaked from an undersea pipeline near Map Ta Phut in Rayong province on Tuesday, Marine and Coastal Resources Department director-general Sopon Thongdee said.

Modest goals for Phuket luxury hotels
Bangkok Post
Inbound tourism to Phuket dropped further in 2021, following the collapse in 2020 after travel restrictions were imposed in response to the Covid-19 pandemic.

CBRE Thailand reveals real estate trends to watch in 2022
CBRE Thailand
As Omicron promises another crucial turn for the country’s economy, CBRE Thailand, the leading international property consultant, reveals the key trends and risk factors in the residential, office, retail, industrial and logistics, and hotel sectors in Thailand that businesses should keep an eye on in 2022.

Mice prospects look bright for new QSNCC
Bangkok Post
N.C.C. Management & Development anticipates a boost in revenue of up to five times and a doubling of visitor numbers to 13 million per year from the new Queen Sirikit National Convention Center (QSNCC).

Supalai plans launch of 34 housing projects worth B40bn
Bangkok Post
SET-listed developer Supalai Plc plans to launch a record 34 new projects worth a combined 40 billion baht in Greater Bangkok and the provinces, aiming for sales to grow by 17% to 28 billion baht by the end of the year.

Mixed reviews for latest stimulus
Bangkok Post
The business sector has hailed the government's fresh spending stimulus measures but says the cash handout under the fourth phase of the "Khon La Khrueng" co-payment subsidy scheme sounds lower than expected.

A BALM for body and soul: Bangkok’s First Active Lifestyle Mall comes to QSNCC
Bangkok Post
NCC Management and Development Co., Ltd. is ready to make its mark at Queen Sirikit National Convention Center (QSNCC) with the centre’s new shopping mall ‘BALM’ (Bangkok’s Active Lifestyle Mall’).

Taking retail to the next level
Bangkok Post
During the pandemic the past couple of years, retailers, brands and manufacturers have adapted to changing consumer behaviour. While many hope 2022 will mark a return to normal for the retail segment, the emergence of Omicron has rocked market sentiment.

Prices surge into danger zone
Bangkok Post
Growing concern over food and energy prices has both the state and private sectors uneasy about an economic nightmare rapidly approaching.

More Covid-19 insurance options for foreign tourists
Bangkok Post
Foreign tourists are likely to have more insurance options to cover hospitel and hotel isolation expenses in Thailand as the government is trying to solve the problem of Covid-infected tourists refusing to pay for medication or running away from hotels.