Weekly Thai Real Estate News Roundup, Week 50, 2023
Dusit has high expectations for residences in Bangkok CBD
Dusit expects to set a whole new record for prices of leasehold residences in Bangkok's central business district (CBD) with a 900-square meter penthouse following 75% of its 406 total units.
Ms. La-ead Kovavisaruch, the chief executive of Vimarn Suriya (the developer of Dusit Central Park), stated that Dusit Residences and Dusit Parkside attracted buyers from various countries as China faced severe economic downturn as a result of the pandemic.
Source
https://www.bangkokpost.com/property/2705073/dusit-has-high-hopes-for-residences
C.P. Land to invest 30 billion baht in hotel acquisition
The Chearavanont Family-owned property firm C.P. Land plans to invest 30 billion baht in hotel acquisitions and the development of residential projects in 2024-2025. The goal is to generate 15.5 billion baht in revenue during this period.
Mr. Keerati Satasook, chief executive of C.P. Land, stated that 5 billion of the 30 billion baht will be allocated to buying existing hotels. On the other hand, the remaining 25 billion baht will be used for residential development, including condos and low-rise housing projects.
Source
https://www.bangkokpost.com/property/2704988/c-p-land-allocates-b30bn-in-investment
One Origin and TLTH Co.,Ltd building mixed-use project in Bangna
One Origin Corporation Limited (ONEO) CEO, Mr. Piti Jarukamjorn, disclosed a joint venture agreement with TLTH Company Limited, a subsidiary of Tokyu Corporation, to develop the "One Origin Sukhumvit 68" mixed-use project.
This mixed-use endeavor integrates a hotel, retail space, and office buildings. Construction is set to commence in Q3 2024, with the official opening scheduled for Q4 2026.
Source
