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Top Thailand Property News Of The Week 25 Apr 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.

April 29, 2022

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The top residential and commercial real estate news of the week - 25 April 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.

Tourism fee of B300 set for Q3
Bangkok Post
The 300-baht tourism fee is scheduled to begin being collected between August and September this year using the Thailand Tourism Fee (TTF) system implemented by airlines.

Phuket to nix screening of fully vaxxed tourists
Bangkok Post
Covid-19 screening measures for fully vaccinated visitors in Phuket will be lifted from Sunday as per the orders of a committee chaired by the island's governor, Narong Woonciew.

Over 1,000 factories set up over past six months
Bangkok Post
More than 1,000 new factories, mostly in the food industry, have been established over the past six months with investment worth 56.3 billion baht, a sign the domestic economy is slowly recovering, says the Department of Industrial Works.

TAT maintains monthly arrivals target
Bangkok Post
The Tourism Authority of Thailand (TAT) is maintaining its target for tourism arrivals at 300,000 visitors per month, even as the low season approaches, before gaining momentum at end of this year.

MK Real Estate pivots to healthcare, warehouses
Bangkok Post
SET-listed developer MK Real Estate Development Plc is playing down its residential development as it sees industrial property and the healthcare business as offering brighter prospects.

Sansiri taps luxury segment
Bangkok Post
As low-rise housing demand in the luxury segment is robust, SET-listed developer Sansiri is aiming for growth of 15% in sales and transfers from this group in 2022.

Hoteliers urge rethink of land tax
Bangkok Post
Though Thailand tested the waters with the Sandbox and Test and Go reopening schemes last year, the tourism industry still struggled to post arrival numbers anywhere close to the pre-pandemic level, as the total number of foreign visitors last year tallied 427,869.

Residential price index rises in Q1 in omen for higher costs
Bangkok Post
After falling for three consecutive quarters, the residential price index inched up in the first quarter of 2022, which was seen as a warning of an upward trend in housing prices based on the cost-push effect, according to the Real Estate Information Center (REIC).

CBRE's advice for navigating the property market's ups and downs
CBRE Thailand
Professionalism, reliability and agility have been key to helping property consultancy CBRE Thailand ride the cycle of ups and downs in the Thai property sector over the past 34 years. Aliwassa Pathnadabutr, the company's chairwoman, said professionalism and reliability are required qualities for a property consultancy to sustain business over the long run, retain clients and ensure they keep returning.

Dropping of Test and Go scheme expected to boost tourism sector in Pattaya
Bangkok Post
Tourism operators in Pattaya are expecting a tourism boost after the Test and Go scheme is lifted from May 1. Pisut Saeku, president of the Thai Hotels Association Eastern, said hotel owners were glad to learn that the government had decided to ease entry restrictions.

Operators upbeat on cuts
Bangkok Post
Authorities say Thailand is on track to regain its spot as one of the world's top tourist destinations, with a goal of earning 1.5 trillion baht this year after the elimination of RT-PCR tests upon arrival and the Test & Go scheme from May 1.