Top Thailand Property News Of The Week - 8 Nov 2021

The top residential and commercial real estate news of the week - 8 November 2021

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 - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Utopia preps Phuket hotel, landmarks
Bangkok Post
Utopia Corporation has expanded its business unit under the Utopia Hospitality Group (UHG) to introduce a new midscale hotel by October next year and is developing two landmark projects in Phuket worth a total 4 billion baht.

Frasers aiming for 10-15% residential revenue growth
Bangkok Post
SET-listed real estate company Frasers Property Thailand Plc (FPT) plans to spend 10 billion baht on housing development next year, aiming for 10-15% growth in residential revenue.

IEAT to launch carbon neutral project
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) plans to carry out a "Carbon Neutral Industrial Estate" project at Map Ta Phut Industrial Estate in Rayong, as part of Thai-Japanese cooperation to fight climate change.

China's Singles' Day online shopping fest muted amid tech crackdown
NBC News
China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.”

IEAT looks to underground water stores
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) will pilot underground Plastic Rainwater Storage Structures (PRSS) in a move to help prevent flooding and water scarcity on industrial estates, with Japanese cooperation.

AWC reopens all 19 hotels
Bangkok Post
SET-listed Asset World Corp (AWC) has reopened its 19 hotels for the new flow of travellers following the country's reopening, while the Tourism Authority of Thailand (TAT) aims for 625.7 billion baht revenue this year.

Nye Estate eyes senior citizens
Bangkok Post
Nye Estate Co, a subsidiary of property developer Narai Property Co, will renovate a suspended riverside condo building in Nonthaburi to develop independent living units for rent to tap senior citizens.

Talks begin on long-term residency offer for foreigners
Bangkok Post
Prime Minister Prayut Chan-o-cha is in talks with related agencies about offering long-term residency in a bid to attract more investors to Thailand after the country's reopening, said government spokesman Thanakorn Wangboonkongchana.

Thailand reopens -- what next?
Bangkok Post
International airports in Thailand have come alive over the past week, with more than 12,000 travellers flying in, mostly from 63 countries which have been exempted from quarantine or area restrictions.

Thailand Pass glitches hinder reopening
Bangkok Post
The unstable Thailand Pass has caused inconvenience for tourists, while tourism operators urge the channel to seek help regarding registration.