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Top Thailand Property News Of The Week 3 October 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.

October 7, 2022

Hotel with protruding balconies

The top residential and commercial real estate news of the week - 3 October 2022

Thailand third in 'best country' survey
Bangkok Post
Thailand was ranked third on the "Best Countries in the World" list, while Bangkok ranked second on the "Best Big Cities in the World" list, according to Cond Nast Traveler's Reader's Choice Awards 2022.

Hotel prices worldwide 'to rise' at a slower pace
Bangkok Post
Hotel prices will keep increasing in 2023 in most of the key cities for business events worldwide as demand for in-person meetings after pandemic disruptions grows, though at a slower pace due to a worsening economic outlook, according to a forecast by American Express Global Business Travel.

The Emsphere to be launched late next year
Bangkok Post
The Mall Group Co, one of the country's leading retail operators, plans to open The Emsphere mall on Sukhumvit Road in December 2023 as part of the group's retail district, with an investment cost of 15 billion baht.

Ananda preps Phuket mixed-use plot
Bangkok Post
SET-listed Ananda Development plans to develop a mix of residential projects comprising a wellness centre, hotels and an international school on a 500-rai inland plot in Phuket, with the first phase beginning next year.

Residential market to see healthy Q4
Bangkok Post
The economic rebound, a revival of purchasing power and unchanged housing prices will drive residential market growth in the fourth quarter amid inflation and rising interest rates, according to property developers.

CRC allots B10bn for omni-channel drive
Bangkok Post
Central Retail Corporation (CRC) is striving for world-class retail tech by investing 10 billion baht to accelerate the development of its next-generation omni-channel platform.

Lazada chief pursuing sustainable growth
Bangkok Post
The new chief executive of Lazada Thailand has vowed to pursue sustainable growth by improving the customer experience and support Thai producers exporting their products in Asean.

FTI suggests retention of current policies
Bangkok Post
The Federation of Thai Industries (FTI) expects a new government formed after a general election next year to maintain policies that benefit businesses to help them survive in 2023.

Asian hotel market confidence rising
Bangkok Post
Steady uptick in tourism improves occupancy and room rates, investors also optimistic, says CBRE. Confidence in the hotel and hospitality market in Asia Pacific continues to grow as borders reopen and operating performance recovers to pre-pandemic levels, according to a new report by the international property consultancy CBRE.

Supachai hit with ethics investigation
Bangkok Post
Deputy House Speaker Supachai Phosu is facing an ethics probe in connection with his alleged encroachment on a forest reserve in Nakhon Phanom.

Floods hit Chiang Mai hotels
Bangkok Post
Hoteliers in Chiang Mai are staying alert to the flooding situation as some of them relocate their guests, while bookings this month might be slower due to the severe weather, says the Thai Hotels Association (THA).

Royal Enfield expands into heart of Bangkok
Bangkok Post
Royal Enfield has expanded its footprint in Thailand by opening a new store, further strengthening its foothold in the country.

Retailers still have a lot of extra stuff that shoppers don’t want
The inventory glut that dragged down US retailers over the past two quarters may only be getting worse. For shoppers, that means better deals.