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Top Thailand Property News Of The Week 5 September 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.

September 9, 2022

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

SC Asset set to invest in logistics business
Bangkok Post
SET-listed developer SC Asset Corporation is bullish on the non-residential property business, with plans to invest in logistics and launch a new hotel in Bangkok's Ratchawat area in December this year.

Hotel occupancy rate bounces back as tourist arrivals jump
Bangkok Post
A rebound in foreign tourist arrivals into Thailand is pushing up the country's hotel occupancy rate from a record low during the Covid-19 pandemic, according to a survey.

Amata to develop Lao smart estate
Bangkok Post
SET-listed Amata Corporation, an industrial estate developer and operator, has secured a concession from the government of Laos to develop a new "Amata Smart and Eco City" under a plan to expand industrial estates in Laos.

China’s BYD signs land deal to build first EV plant in Thailand
Bangkok Post
Chinese electric-car maker BYD Co signed a land purchase deal Thursday with WHA Corp, Thailand’s largest industrial-estates developer, to build its first electric vehicle (EV) production plant in Southeast Asia.

Siam Makro sets aside up to B24.9bn for expansion
Bangkok Post
Siam Makro Plc, the operator of Makro cash & carry store and Lotus's hypermarket, has allocated a combined 22.7-24.9 billion baht this year to expand its retail and wholesale business.

Trust to focus on real estate
Bangkok Post
Luxury property developer K.E. Group and a former major shareholder of Raimon Land have set up a private equity fund with an initial investment of 2 billion baht to co-invest in existing property projects whose developers are in need of liquidity or who want to cash out.

Sena to expand rooftop solar solution business
Bangkok Post
SET-listed Sena Development, a Thai property developer, is planning rapid expansion of its rooftop solar solution business as the company taps into growing interest in the environmental, social and governance (ESG) criteria.

Dubai office rents are rising faster than in NYC and London
Office rents in Dubai are rebounding for the first time in six years, rising faster than in New York or London as global banks and businesses expand into the financial hub known for its love of glitzy construction.

C.P. Land revenue set to grow 42% this year
Bangkok Post
C.P. Land Plc, a property arm of Charoen Pokphand Group, expects revenue to grow by 42% to 2.7 billion baht this year, with the hotel business a key driver amid the resumption of tourism.

Ministry details stance on farm land plots
Bangkok Post
The criteria of the land and building tax regarding farm land must be applied to all farm land on an equal and indiscriminate basis, according to a Finance Ministry source.

Cross-border trade poised to hit B1.80tn
Bangkok Post
Despite slower economic growth in neighbouring countries and zeroCovid measures in China, Thailand's cross-border trade is still expected to grow by at least 5% this year to 1.80 trillion baht, driven by greater demand for gasoline, edible oil, tyres and auto parts.

M.K. to develop wellness centre
Bangkok Post
SET-listed developer M.K. Real Estate Development plans to spend 700 million baht to expand a new wellness centre in Suan Sampran in Nakhon Pathom, expecting to break even in seven years.