Top Thailand Property News Of The Week 6 June 2022

The top residential and commercial real estate news of the week - 16 May 2022

CPN allots B30bn for residential development
Bangkok Post
SET-listed developer Central Pattana (CPN) is bullish on residential development, planning to spend 30 billion baht to develop 46 new projects nationwide worth a combined 60 billion baht from 2022-26.

Bangkok demand to rise in H2
Bangkok Post
A property website predicts Bangkok residential demand in the second half will continue to rise after a rebound in the first quarter, led by low-rise houses, though condos grew at a snail's pace.

Kaidee expects to see profitability within two years
Bangkok Post
Kaidee, an e-marketplace under the UAE-based EMPG, aims to attain profitability in two years by focusing on the growth of the property and automotive segments.

Housing demand unchanged
Bangkok Post
Despite rising inflation and downgrades to economic growth, housing demand this year is expected to remain unchanged as the country's reopening can help offset those deficits, according to the Real Estate Information Center (REIC).

Centara revenue up 40% in first quarter
Bangkok Post
Centara Hotels and Resorts posted total revenue of 3.8 billion baht for the first quarter of 2022, a rise of 40% compared to the same period last year. The firm attributed the revenue increase to its food and hotel businesses due to the country's reopening and lifting of restrictions to prevent the pandemic.

Thai market holds promise for eBay
Bangkok Post
Global e-commerce giant eBay says it sees increasing potential for various export products from Thailand, particularly jewellery, diamonds, gemstones and collectable cards, while the company is stepping up efforts to onboard suppliers of these items.

Rebound in Asia Pacific Hotel Investment Signals Sector’s Growing Appeal as Inflation Hedge
CBRE Thailand
Asia Pacific hotel investment staged a comeback in 2021, growing 46% year-on-year to reach US$12.1 billion. The sector’s steady rebound was underpinned by a growing volume of capital seeking to increase their exposure to the sector, according to the latest CBRE research.

Vending machines the way forward
Bangkok Post
Vending machines have become a new distribution channel popular with Thai consumers as well as a novel tool for companies to launch a business as they generate good sales.