Top Thailand Property News Of The Week - 21 Jun 2021

The top residential and commercial real estate news of the week - 21 June 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.

Property developers look to tech
Bangkok Post
Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency.

Siam Piwat Simon wooing global fashion brands
Bangkok Post
Siam Piwat Simon Co, the operator of Siam Premium Outlets Bangkok in Samut Prakan, is negotiating with international fashion brands to open their shops at its outlet to lure shoppers in the second half of the year.

World's highest luxury hotel opens in Shanghai
Bangkok Post
The world's highest luxury hotel, boasting a restaurant on the 120th floor and 24-hour personal butler service, has opened in Shanghai to guests with deep pockets and a head for heights.

The Forestias logs B7bn in sales in three months
Bangkok Post
Property developer Magnolia Quality Development Corporation (MQDC) has announced that The Forestias registered over 7 billion baht in new home sales during the last three months, pushing total deposited project sales to over 13 billion baht.

Mobile retail races ahead
CBRE Thailand
The COVID-19 pandemic has forced several changes to the retail market to the point that reinvention and reformatting became the key for survival in the period where restrictions are everywhere. In recent years, we have seen the rise of food truck industries, especially from SMEs, introducing new brands and being agile while reducing the cost of setting up a store.

THAI loses duty-free privilege
Bangkok Post
The cabinet has cancelled privileges granted to Thai Airways International (THAI) giving it the right to operate duty-free shops at Don Mueang airport without winning a formal bidding process now the airline has lost its state enterprise status, it was announced on Tuesday.

Somkid touts e-commerce platforms
Bangkok Post
Former deputy prime minister Somkid Jatusripitak has suggested Thai manufacturers build their own e-commerce platforms rather than rely heavily on existing leading e-commerce platforms and retail chains.

Amazon’s planned purchase of MGM faces FTC scrutiny
The Wall Street Journal
The Federal Trade Commission will be the agency to review Amazon. AMZN -1.56% com Inc.’s proposed acquisition of Hollywood studio MGM, according to people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online giant’s expansion.

One of the world’s most congested cities has big public transport plans
Bloomberg
Wrapped in four storeys of reflective glass and covering 298,200 square meters more than 40 soccer pitches Bangkok’s Bang Sue Grand Central Station will be more than just a transportation hub. At least, that’s the plan.