Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers’ appetite for the Southeast nation’s agricultural goods and for its tourism market amid growing competition from rivals.
China’s biggest e-commerce company is investing more than 10 billion baht ($320.20 million) in a “digital hub” in the Thai military government’s much-touted Eastern Economic Corridor (EEC), government officials said.
Thailand welcomed a record-high 32.6 million foreign tourists last year, an increase of 9% from the year before. Hotels had an average occupancy rate of 77.5%, an increase of around 1.9 percentage points. With strong occupancy and arrival growth, the average daily rate of hotels of all grades in Bangkok increased to 3,371 baht, an improvement of 3% from a year earlier. Clearly, Thailand is a popular place to visit and there is strong demand for places to stay, but current laws prohibit owners from renting their private properties at a daily rate on Airbnb.
Singapore-based property investors ploughed US$6.8 billion into global real estate, up 20% and the second highest in the first half of the year after China.
Singapore-based institutional investors, property companies and private equity ploughed US$6.8 billion (S$9.24 billion) into global real estate, up 20 per cent from US$5.6 billion a year ago. That figure is a little more than half of the US$12.7 billion invested in office, retail, mixed-use, industrial, hotel, residential and other commercial sectors in 2016.
Thailand cabinet on Tuesday has approved the framework of the land and building tax bill after a long delay due to opposition from real estate developers.
Thailand Leading Property Developer Sansiri Public Co. Ltd. has been voted as Most Admired Brand by readers of popular magazines Brand Edge and The Company. Apichart Chutrakul, CEO of Sansiri thanked readers of the two publications and noted that the award demonstrated that the company’s projects were accepted and thought highly of by both customers and marketing experts alike.
Environmental Impact Assessment(EIA) is one of the environmental management tool used in project decision making. It is applied especially to some activities under the Ministerial Mandate.
Listed Thailand Luxury property developer Raimon Land recently announced the opening of its newly-designed showroom at Unixx Condo South Pattaya, showcasing what the company says is “the ultimate in resort-style living”.
Pattaya Property Developer Tulip Group held a party at the Centara Grand Phratamnak hotel on last month to celebrate the ongoing construction of the company’s Waterfront Condo Pattaya Suites & Residences project at Bali Hai in Pattaya. Over 120 guests were treated to dinner at the Oceana restaurant followed by drinks on the rooftop overlooking the Pattaya bay.
There are about 10,153 condominium units in 20 projects were launched in Pattaya during the first half of 2013, which boosted supply by 32.9% from the end of 2012 to 40,939 units, according to Knight Frank.
The Jomtien area gained in popularity with 4,247 units, or 42%t of new units, the real-estate consultancy said. "Pattaya has become one of the most desirable seaside locations. It is easily accessible to major destinations in Asia, supported by the government's infrastructure investments, including the upgrade of U-tapao Airport's capacity to 5 million passengers per year, as well as the planned high-speed rail link connecting Bangkok to Pattaya, which will help drive traffic to the resort city.