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Top Thailand Property News Of The Week 27 June 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.

July 1, 2022


The top residential and commercial real estate news of the week - 27 June 2022

1.7m people visit Phuket up until June

Bangkok Post
Phuket has welcomed more than 1.7 million visitors during the first five months of this year, generating over 26 billion baht in revenue for the resort island, says the Tourism Authority of Thailand (TAT).

Row over impeachment bill
Bangkok Post
The National Municipal League of Thailand (NMLT) has called on the Bangkok Metropolitan Administration (BMA) to join in opposing a bill which, if passed, will make it possible to remove local leaders by impeachment.

Investors to pour more capital into Thailand and Asia Pacific data centers in 2022
CBRE Thailand
CBRE, the leading international property consultant, reported that Thailand’s data center is amongst the sectors to watch in 2022 as regional operators are seen entering the colocation market in Greater Bangkok, Chonburi and Rayong, an area previously dominated by local Thai operators.

Kanda looks to diversify for growth
Bangkok Post
Low-rise housing developer Kanda Property Co will diversify to condo, hotel and wellness in the next few years and plans to launch six new projects worth a combined 4.7 billion baht in 2022, aiming for a growth of 10% in presales and revenue.

Government greenlights potash mine
Bangkok Post
The cabinet on Tuesday gave the Asia Pacific Potash Corporation (APPC), a wholly owned subsidiary of Italian-Thai Development Plc, permission to embark on a 36-billion-baht potash mining project in Udon Thani.

Walgreens abandons Boots sale after market turmoil
BBC News
US pharmacy giant Walgreens has dropped plans to sell Boots, saying buyers were unable to raise enough funds due to instability in financial markets. Walgreens said it had various offers for the pharmacy business after it put Boots up for sale in January.

Singha Estate unveils food-based offering
Bangkok Post
Singha Estate Plc has launched S Angthong, an eco-friendly industrial estate with a focus on food and related businesses, in line with the government plan to develop a World Food Valley industrial estate.

Phuket hotels await start of high season
Bangkok Post
Phuket saw an influx of travellers from India in the first six months of this year, accounting for 50% of foreign guests, but half of all hotels on the island remain closed as they await the start of high season.

First Gucci LED outlet unveiled
Bangkok Post
King Power Group, the country's leading duty-free retailer, has unveiled Asia's first Gucci LED boutique at King Power Suvarnabhumi. The unique characteristic highlighting Gucci King Power Suvarnabhumi as the first LED boutique to be located at an airport -- both in Thailand and within Asia -- is the outlet's LED video wall display technology.

Public eyes homes close to hospitals
Bangkok Post
The pandemic has shifted residential demand away from access to mass transit lines and towards hospitals as consumers prioritise healthcare services and wish to avoid crowded areas, according to a study.

Land tax payments deferred
Bangkok Post
The Interior Ministry has extended the deadline for land and building tax payments for three months to help people and business operators cope with economic hardship. It said taxpayers have until the end of July to pay up, instead of the end of April.

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