Leading today’s news, the Thai billionaire behind Fraser & Neave and Centrepoint plans the kingdom’s biggest ever project next to Bangkok’s Lumpini Park.
Thailand’s richest man, Charoen Sirivadhanabhakdi, is planning a $3.5 billion property development in central Bangkok that will include offices, homes and shopping malls.
Charoen’s TCC Group and its Singapore unit Frasers Centrepoint Ltd. will develop the project, said Panote Sirivadhanabhakdi, group chief executive officer of Frasers Centrepoint. ‘One Bangkok,’ covering 16.7 hectares (41 acres), will be the largest mixed-use development in Thailand, he said. Read more>>
A flood of bargain hunters has prompted local authorities to order a freeze on all property sales in a part of northern China newly earmarked to become a special economic district.
Officials from Xiong and Anxin counties imposed the ban after emergency meetings on Sunday morning about plans for Xiongan New Area in Hebei province about 160km south of Beijing. Read more>>
Singapore’s recent unwinding of some property curbs, which initially appeared to boost…
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
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