Top Thailand Property News Of The Week 9 May 2022

The top residential and commercial real estate news of the week - 9 May 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 - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Raimon eyes emerging markets to boost income
Bangkok Post
SET-listed developer Raimon Land Plc will shift to data centres, branded residential development and low-rise houses to tap emerging markets which will improve its annual revenue.

The disappearing hotel
Bangkok Post
After a full two years of idling rooms, dwindling guest numbers and shrinking services, hotels across Asia are turning on the fairy lights once again. But returning guests gratefully collapsing at the altar of five-star devotion would do well to examine the miracles of 2022 with a healthily jaundiced eye.

FPT plans B13.7bn investments
Bangkok Post
SET-listed developer Frasers Property Thailand (FPT) plans to spend 13.7 billion baht on hotel, housing and industrial properties over the remainder of the year as the real estate sector continues to recover following the country's reopening.

Proud Group to open water park in Phuket next week
Bangkok Post
Proud Group, a property arm of the Liptapanlop family, is scheduled to hold a soft opening of its Andamanda leisure entertainment complex and water park in Phuket next week, one year behind schedule due to the pandemic.

Social commerce slow to catch on
Bangkok Post
Digital has become the new normal in many aspects of our lives today, especially in how we shop. Southeast Asia has one of the fastest-growing internet economies in the world, with a value projected to reach US$360 billion by 2025.

Robinhood soft launches hotel booking service
Bangkok Post
Robinhood Travel, a Thai online travel agent platform, has introduced the first phase of its hotel booking service, aiming to become a top three player in the first year of operation.

IEAT keen on estate for Korean investors
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) is set to hold talks with Thai companies and South Korean enterprises to sound out the possibility of setting up a new high-tech industrial estate to specifically cater to the needs of South Korean investors.

Keeping tourists coming back
Bangkok Post
Thai businesses need to prepare for an influx of travellers as borders reopen, with the country rated the fourth most attractive destination in the world, according to the latest Global Travel Intentions study by Visa, the multinational payments company.

Developers require rejig to flatten prices
Bangkok Post
Residential developers should revise down unit sizes and adjust some features to keep housing prices flat, to accommodate sluggish purchasing power after prices were pushed up by higher costs caused by the impact of the Russia-Ukraine war.

Sihanoukville pays the price for heavy reliance on Chinese
Bangkok Post
For several years now, Cambodia has been receiving billions of dollars in Chinese investment as part of China's Belt & Road initiative (BRI). Between 2013 and 2017, Beijing invested US$5.3 billion in the Southeast Asian country. Between 2016 and 2019, the two countries signed 65 cooperation agreements to finance infrastructure projects such as seaports, highways, airports, power stations and even an oil refinery.

Nightspots eye June relaunch
Bangkok Post
Night entertainment operators have called on the government to allow them to reopen their businesses in ''blue-zone'' provinces promoted for tourism from June 1.

Macy's is betting even bigger on smaller stores
Bangkok Post
Macy's Inc. is accelerating its rollout of smaller department stores, betting that it can attract more shoppers with fewer products and more digital services at stores closer to where customers run their daily errands.