Top Thailand Property News Of The Week 26 December 2022

The top residential and commercial real estate news of the week - 26 December 2022

Long arm of the law affects all
Bangkok Post
With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is desperate for higher tax revenue.

Beijing easing to foster Thai growth in 2023
Bangkok Post
The Federation of Thai Industries (FTI) expects Thailand's economic recovery to hit the fast track next year, driven by higher tourism revenue and exports following China's decision to reopen its borders from Jan 8.

Samut Prakan cluster the hottest zone in Greater Bangkok
Bangkok Post
The cluster of Bang Phli-Bang Bo-Bang Sao Thong in Samut Prakan was the hottest zone in Greater Bangkok in 2022, with land prices soaring the most over two consecutive quarters. The area also has the most new low-rise houses.

A turbulent economic ride
Bangkok Post
The spotlight in the business sector this year has been on policy rate hikes, the revival of tourism and the telecom mega-merger, write Post reporters.

MPI falls in November amid global economic slowdown
Bangkok Post
Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, says the Office of Industrial Economics (OIE).

Tourism stocks surge as China removes travel curbs
Bangkok Post
Thai tourism stocks soared yesterday on news that Beijing is lifting travel curbs earlier than expected, boosting hopes that Thailand's tourism sector, trade and spending would recover much faster than the previous forecast.

Chinese tourism influx raises fears
Bangkok Post
An overload of tourists and an overwhelmed Thai healthcare system are issues to monitor next year after China fully reopens, with up to 500,000 tourists projected to start travelling during Chinese New Year.

Japan’s retail sales fall as pent-up demand cools amid inflation
BNN Bloomberg
Japan’s retail sales unexpectedly fell in November from the previous month for the first drop in five months as pent-up demand started to cool amid rising prices, outweighing a boost from the return of tourists.

Setting a standard for luxury residences
Bangkok Post
Competition in the luxury residential market is heating up, with new supply increasing and novel players emerging as demand continues to grow, with the wealthy unaffected by high inflation and recession.

Why this housing downturn isn't like the last one
Bangkok Post
A postcrisis mortgage-market makeover and an overhaul of the financial system make a repeat of 2008 unlikely.

Bangkok tops Airbnb global search table
Bangkok Post
Bangkok was the top trending destination for Airbnb guests worldwide in the first nine months of 2022, according to the accommodationsharing platform.