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Top Thailand Property News Of The Week 26 September 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.

September 30, 2022


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

High hopes for 1.5m Chinese tourists
Bangkok Post
Chinese President Xi Jinping's attendance at the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok could help Thailand secure 12 million international tourists this year, surpassing the government's goal of 10 million, says Tourism and Sports Minister Phiphat Ratchakitprakan.

WHA turns to digitalisation in bid to become tech firm
Bangkok Post
WHA Group, a developer and provider of industrial estates, logistics, utilities and power, as well as digital platform services, aims to become a tech company by 2024 by making the most of technology to digitalise the firm and better serve its customers.

Ek-Chai allots B3bn for new store format
Bangkok Post
Ek-Chai Distribution System Co, the operator of Lotus's retail stores, looks set to allocate 3 billion baht to open its next-generation stores over the next three years.

Phuket hotels upbeat on prospects for festive season
Bangkok Post
The festive season in the final quarter is expected to bring hotel bookings in Phuket that match pre-Covid levels, but not every hospitality segment will reap benefits, according to the Phuket Hotels Association.

Thanasiri foresees B1bn in 2022 revenue
Bangkok Post
Mid-sized developer Thanasiri Group Plc will scale up to launch new residential projects worth 2 billion baht in 2023, double the usual value, after a Japanese partner co-invested two years ago.

New assessed land prices set for Jan 1 unveiling
Bangkok Post
The Treasury Department plans to announce the new assessed land prices for 2023-26 on Jan 1 next year, estimated to be 7-8% higher than prices during the pre-pandemic period, according to director-general Prapas Kong-Ied.

CBRE Thailand Named One of Thailand’s Best Companies to Work for in 2022
CBRE Thailand
CBRE Thailand, the leading international property consultant, has been recognized as one of the Best Companies to Work for in Asia 2022 for the Thai market at the recent HR Asia Awards gala dinner at Bangkok Marriott Marquis Queen's Park. The award honors top employers across Asia with the best HR practices and which demonstrate high levels of employee engagement and excellent workplace cultures.

New Tops CLUB store focuses on imports
Bangkok Post
Central Food Retail Co (CFR), the operator of Tops supermarket, under mall operator Central Retail Corporation, will tomorrow open its membership store Tops CLUB, offering imported consumer goods and premium products.

Sephora opens 'Store of the Future' in Singapore
Bangkok Post
In 2008, Sephora debuted in Southeast Asia by opening its first retail store in Singapore. The Lion City has once again been selected for Sephora's first "Store of the Future" in Asia because of its diverse and cosmopolitan population, strategic location as a travel destination in the region, as well as its robust beauty and omni-channel market.

Tourism prospects hang in the balance
Bangkok Post
The weak baht could benefit the tourism industry as foreign purchasing power gains value, though it might not be enough to offset high airfares, according to the Thai Hotels Association (THA).

North Korea, China resume cross-border freight train operation after COVID closures
Cross-border freight train operations between North Korea and China has resumed, Beijing said on Monday, ending a five-month suspension to limit the spread of COVID-19.