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Top Thailand Property News Of The Week 4 July 2022

July 8, 2022

The top residential and commercial real estate news of the week - 4 July 2022

Industry cowers as baht dips again

Bangkok Post
The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices.

Hoteliers deride government proposal for dual pricing
Bangkok Post
Hoteliers have expressed concerns about the government's plan to set dual pricing for foreign tourists and locals, saying the move is "impractical" and demanding the administration roll out effective promotions to spur tourism sentiment in an effort to increase room rates.

Altitude Development partners Japan’s Creed Group, with Talat Phlu condo their first project
The Nation
Altitude Development and Japan-based Creed Group have joined forces to develop Altitude Unicorn Sathorn-Tha Phra, a Bt2.4-billion high-rise condominium in Bangkok’s Talat Phlu area.

ASPS bullish on prospects for real estate
Bangkok Post
Asia Plus Securities (ASPS) recommends investing in real estate stocks with high growth and dividends that are outpacing inflation as it expects the government to extend the easing of the loan-to-value (LTV) ratio and transfer fees for mortgage lending for another year to support the economic recovery.

Committee revises up GDP growth forecast
Bangkok Post
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

Bangkok tops poll of regional cities
Bangkok Post
Bangkok on Monday topped a poll of the top 10 cities in Southeast Asia, as voted for by visitors to the Travel + Leisure Southeast Asian website.

Lack of flights, rising fuel costs mar revival
Bangkok Post
Insufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT).

Full reopening jump-starts foreign tourism
Bangkok Post
Thailand fully reopened to foreign visitors on Friday when entry restrictions, particularly the Thailand Pass regis­tration requirement, were eased further.

New land appraisal rules rile hoteliers
Bangkok Post
Hotels are crying foul over the new land appraisal rules the Treasury Department is set to apply for the land and building tax from next year, saying the decision could deeply hurt the hospitality sector.

Arkhom: Property perks to be extended
Bangkok Post
The government plans to extend property support measures to help spur the recovery of the industry and the overall economy, Finance Minister Arkhom Termpittayapaisith said on Friday.

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