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.
Sansiri Public Company Limited is confident of continued demand for holiday homes by Thai and foreign customers in Pattaya as the resort city remains one of the preferred tourist destinations in the country resulting in increased interests among investors in this venerable holiday city. The 2016 overall sales growth over the previous year among Thai and foreign customers in the condominium and single house markets, or the rental market was as much as 80 percent, especially for condominiums.
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 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.
As Bangkok’s luxury developer Raimon Land, a grand “Raimon Land Golden Ball Agent Night Party” was held on the evening of July 3rd for the agent in Centara Grand Mirage Beach Resort Pattaya.
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”.