Top Thailand Property News Of The Week - 15 March 2021

The top residential and commercial real estate news of the week - 15 March 2021

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.

FTI organising employee vaccinations
Bangkok Post
The Federation of Thai Industries (FTI) plans to start having companies, mostly in Samut Sakhon and Bangkok, vaccinate 51,000 workers in June once the government approves private implementation of a Covid-19 vaccination plan.

SHR builds up British portfolio
Bangkok Post
S Hotels & Resorts (SHR), the hospitality arm of SET-listed Singha Estate, is diversifying into Britain for long-term growth, opting for fully-owned shares in its UK portfolio. Dirk De Cuyper, chief hospitality officer of SHR, said the UK market offers stable recurring income from strong domestic travel.

Panasonic enters into modular housing push
Bangkok Post
Panasonic has chosen Thailand as the first country in the region to offer modular construction housing by partnering with Siam Steel International, Thailand's leading manufacturer of steel products and building materials.

Property developers eye Orange, Yellow, Pink Skytrain lines
The Nation
Property developers are directing their focus to outer Bangkok areas, especially along the Orange, Yellow and Pink Skytrain lines in 2021.

Plans for new Dusit Thani hotel, project unveiled with Bt9bn upgrade
The Nation
Dusit Thani and Central Pattana are boosting investment in the Dusit Central Park mixed-use project overlooking Lumpini Park from Bt36.7 billion to Bt46 billion. The extra Bt9.3 billion will address shifts in consumer behaviour by enlarging interior and exterior spaces and bringing value to the broader community through its green space, said the property developers.

Inoculation key to Mice sector revival
Bangkok Post
Bangkok hotels under the SET-listed Grande Asset Hotels and Property Plc (GRAND) are encouraging the government to accelerate mass inoculation as hotels are already suffering from the lack of international tourists and Mice (meetings, incentives, conventions and exhibitions) travellers.

CPN raises stake in Dusit Central Park
Bangkok Post
Central Pattana Plc (CPN) has increased the portion of its investment budget for the Dusit Central Park joint development project with Dusit Thani from a reported 17.4 billion baht in 2017 to 21.1 billion.

SQ hotels want wider base
Bangkok Post
State Quarantine (SQ) hotels are urging the government to unlock the market to Thai returnees arriving on semi-commercial flights, calling for a clear timeline if there are plans to terminate this programme.

UK baker Greggs says will rise again after first annual loss
Reuters
Bakery and fast food chain Greggs defied the gloom on Britain’s shopping streets on Tuesday by adding another 500 shops to its store target, despite plunging to the first annual loss since its 1984 listing due to the COVID-19 pandemic.

BBL adds withdrawals to 7-Eleven
Bangkok Post
Bangkok Bank (BBL) has expanded its money withdrawal service at 7-Eleven convenience stores, offering greater convenience to consumers in remote areas.

AssetWise to launch six projects worth B8.5bn
Bangkok Post
Property developer AssetWise Plc will launch six new residential projects worth a combined 8.5 billion baht, diversifying to new locations where it is confident there is strong demand.