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Top Thailand Property News Of The Week 7 November 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.

November 11, 2022

PropertyNews-972x1296-en-26102022

The top residential and commercial real estate news of the week - 7 November 2022

Property revenue hits record highs
Bangkok Post
An economic revival fuelled by the return of tourists in the second half of this year has propelled the thirdquarter presales and revenue of major SET-listed property developers to a record high.

MTL strategy taps elderly market
Bangkok Post
Muang Thai Life Assurance (MTL) has tapped the elderly market with the launch of new life insurance products under the strategy "Silver Readiness by MTL".

CPN records whopping profit increase
Bangkok Post
SET-listed retail and property developer Central Pattana (CPN) has reported earnings for the third quarter, posting total earnings of 9.34 billion baht. The revenue tally is an 83% increase year-on-year and 2% gain quarter-on-quarter.

IEAT eyes higher land sales to meet demand
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) aims to sell and lease 2,500 rai of industrial land in fiscal 2023 as it takes advantage of the relocation of production facilities to Thailand. In fiscal 2022, from September 2021 to October 2022, the authority's land sales and leases stood at 2,016, a yearon-year increase of 65%.

Luxury hotels thriving thanks to revival of Mice market
Bangkok Post
The uneven tourism recovery has been highlighted by lower-end hotels' struggle to catch up with five-star properties, which have greatly benefited from the return of the Mice (meetings, incentives, conventions and exhibitions) market.

Consumer confidence at 10-month high in October
Bangkok Post
Thai consumer confidence rose for a fifth straight month in October, reaching a 10-month high, bolstered by improved economic activity following the easing of Covid-19 curbs, a survey showed on Thursday.

Forbes enters into exclusive buyout talks with investor group
Reuters
Business news and information publisher Forbes said on Wednesday it has entered into "exclusive discussions" with an investor consortium for the sale of the company.

Business leaders back U-turn on land sales
Bangkok Post
The government's decision to withdraw its proposal to sell land to prospective foreign investors has been supported by key business leaders, with the move seen as having no significant impact on the Thai property market.

Govt U-turns on land plan
Bangkok Post
The government is reportedly backing down from its plan to allow wealthy foreigners to purchase up to one rai of land for residential purposes in return for investments, after the proposal drew fierce criticism.

An age-old dilemma
Bangkok Post
The government's proposal to allow foreigners to own small plots of land has support from some in the business community, though they want restrictions, write