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Top Thailand Property News Of The Week 24 October 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.

October 28, 2022


The top residential and commercial real estate news of the week - 24 October 2022

Operators create local grocery formats
Bangkok Post
Modern retail operators are building their own local grocery formats across the country, aiming to take a bite out of the estimated market value of 1.62 trillion baht for Thailand's traditional trade industry.

Realtors warn of hike in costs
Bangkok Post
Three real estate associations are urging homebuyers to make a decision this year as new residential development costs will affect housing prices in the second quarter of 2023.

Southeast Asia's digital economy expected to slow
Growth in Southeast Asia’s internet economy is slowing after years of expansion, showing that even emerging digital markets aren’t immune to economic headwinds.

AirAsia partners with hotels to enhance app
Bangkok Post
Airasia Super App has signed deals with 50 hotel groups from Thailand and three countries in Southeast Asia in an attempt to become the number one travel platform in the region, driven by its 51-million-user database and 100 million plane passengers.

Manufacturing to thrive despite threats
Bangkok Post
Thailand's manufacturing sector is expected to keep growing next year following the easing of Covid-19 infections, but economic challenges caused by high inflation and the impact of the Russia-Ukraine war could cause a bumpy ride, according to analysts.

CFR unifies retail food brands under Tops
Bangkok Post
Central Retail Corporation, Thailand's leading mall operator, has restructured its food businesses for the first time in its 26 years of operation, unifying all retail brands under Central Food Retail (CFR) as the single brand Tops.

Exporters see robust growth as global demand recovers
Bangkok Post
Commerce Minister Jurin Laksanawisit has expressed confidence that Thai exports could expand by up to 8% this year after robust growth in the first nine months.

Property tax cut beefs up supply
Bangkok Post
An extension of the property tax cut on transfer and mortgage fees this year, which includes second-hand homes, increased the housing supply offered in the market in the second quarter.

Cabinet backs expats owning land
Bangkok Post
The cabinet approved yesterday the Interior Ministry's proposals to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes, though critics warned the move may trigger land speculation by foreign investors.

Sentiment among Bangkok housing developers brightens
Bangkok Post
Sentiment among listed housing developers in Greater Bangkok improved in the third quarter to the highest level in 17 quarters, but higher development costs because of fuel prices and inflation remain major concerns.

Walmart doubles down on Africa despite a decade of frustration
In 2011, U.S. retail giant Walmart Inc (WMT.N) made a bet on Africa, buying a majority stake in South African retailer Massmart (MSMJ.J) in what many investors saw as a step toward dominating the continent's vast untapped market.