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Top Thailand Property News Of The Week 5 December 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.

December 9, 2022


The top residential and commercial real estate news of the week - 5 December 2022

CPN rolls out GO! Hotel brand
Bangkok Post
Central Pattana Plc (CPN) is ready to launch a budget hotel brand, "GO! Hotel", with the introduction of GO Hotel Bowin in Chon Buri.

Jungceylon to reveal facelift
Bangkok Post
Phuket Square Co, the operator of Jungceylon shopping complex in Phuket, is scheduled to unveil the first phase of its store facelift on Dec 16, welcoming shoppers back for the year-end festive season.

Priorities revealed in latest Terra survey
Bangkok Post
Homebuyers vary aA smart security system, after-sales service and a good neighborhood are the top three requirements consumers consider when buying a residential unit, according to property research and consultancy Terra Media and Consulting.

IEAT plans to build 2 BCG estates
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) plans to build two new so-called "BCG industrial estates" in Rayong and Lamphun under a 3-billionbaht investment.

Consumer confidence at 20-month high in November
Bangkok Post
Thai consumer confidence rose for the sixth straight month in November, reaching a 20-month high, boosted by improved economic activity following the easing of Covid-19 curbs and higher foreign tourist arrivals, a survey showed on Thursday.

10m foreign tourist target nears
Bangkok Post
The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said yesterday.

Tourism singled out for big rebound
Bangkok Post
Thai tourism should see a big recovery next year as airline capacity increases, while hotel operators are urging the government to bridge the income gap between large and small hotels, according to a forum held yesterday.

CBRE Thailand Announces Senior Appointments for Research & Consulting and Property Management
CBRE Thailand
CBRE Thailand, the leading international property consultant, has announced two senior appointments of Ms. Chotika Tungsirisurp as Head of Research and Consulting and Ms. Phatsareephak Srikanchananon as Head of Property Management, starting December 1, 2022. Both leaders rejoining CBRE are based in Bangkok.

Travel agents urge region to reopen
Bangkok Post
Ongoing travel restrictions and entry requirements in some countries are the most critical obstacles to expanding the tourism sector, according to the Thai Travel Agents Association (TTAA).

Sansiri anticipates record net profit
Bangkok Post
SET-listed developer Sansiri is expecting to secure a record-high net profit in 2022, besting the 3.5 billion baht posted in 2015, resulting from its strategy to maximise cash flow during the pandemic.

CBRE Thailand Advises on the Sale of FJ BKK to SC Asset’s Subsidiary
CBRE Thailand
CBRE Thailand’s Investment and Land team, led by Mr. Barnaby Swainson and working with CBRE Singapore’s Executive Director, Mr. Masahiro Shibata, successfully advised Fukuoka Jisho on the sale of FJ BKK to SC Expedition Co., Ltd. (SCX), a subsidiary of SC Asset Corporation PCL. FJ BKK Co., Ltd. held a prime leasehold land at Sukhumvit 29 for hotel development and sold 142 million ordinary shares, or a 100 percent stake, for 1.42 billion baht.

Prayut hails B300bn EEC investment
Bangkok Post
Saudi Arabia will invest 300 billion baht in various industries, including tourism, energy and medical care, next year, according to a government spokesman.