Top Thailand Property News Of The Week 28 November 2022

The top residential and commercial real estate news of the week - 28 November 2022

Tourism making gradual recovery
Bangkok Post
The recovery rate of Thai tourism was slower than in neighbouring countries because of a shortage of flights and the absence of key markets such as China, according to leading regional travel tech companies.

Aed Carabao cleared of encroachment allegation
Bangkok Post
The Royal Forest Department has cleared musician Yuenyong Opakul, aka Aed Carabao, of an allegation that two blocks of land he owns in Saraburi encroach on protected forest.

MPI declines as factories close
Bangkok Post
Thailand's Manufacturing Production Index (MPI) fell by 3.71% yearon-year in October as some factories shut down for maintenance, but the Industry Ministry remains optimistic about the growth of the full-year MPI.

80% tourism jump gives Phuket boost
Bangkok Post
Tourism in the island province jumped 80% year-on-year from January to October, with nearly 100 billion baht now circulating in the economy, according to the Tourism Authority Office in Phuket.

Global consumer trends for 2023
Bangkok Post
Focus shifting more to self-care, cutting through the noise and obtaining maximum value, according to Mintel Five trends are emerging that have the potential to have an impact on global consumer markets in 2023, over the next five years and beyond, according to Mintel, the international market research firm.

Applications for hotel asset warehousing scheme decrease
Bangkok Post
The total number of hoteliers affected by the pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand.

Tourist arrivals set to slow next year
Bangkok Post
The tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT).

Raimon Land aims to retain its reign
Bangkok Post
SET-listed developer Raimon Land plans to focus on luxury and super-luxury property development and new economy businesses, with a goal to open One City Centre, a new grade A office building in Phloenchit, in the first half of 2023.

End of eased loan-to-value limits mars mood
Bangkok Post
The expiration of lower loan-to-value (LTV) limits at the end of this year will affect residential demand by 19% in 2023 as many homebuyers have insufficient time to adapt, according to a market researcher.