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Top Thailand Property News Of The Week 23 May 2022

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.

May 27, 2022


The top residential and commercial real estate news of the week - 23 May 2022

Big C bags Cambodia's Kiwi Mart

Bangkok Post
Big C Supercenter Plc, a leading retail operator in Thailand, has acquired Kiwi Mart -- a convenience store chain in Cambodia -- via its Cambodian subsidiary to strengthen its retail business in the neighbouring country.

Britain's M&S pulls out of Russia and warns on outlook
British retailer Marks & Spencer (MKS.L) will end its franchise agreement in Russia in the coming months and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch.

Amazon opens first physical fashion retail store
Reuters Inc (AMZN.O) said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs.

Airbnb gives up on China as zero-Covid policy bites
Bangkok Post
Airbnb Inc is shutting its operations in China, choosing to focus instead on outbound Chinese tourism as the country continues its aggressive approach to containing Covid-19.

Origin preps launch of 5 residential projects with partner Lofis
Bangkok Post
SET-listed developer Origin Property Plc has partnered with Hong Kong-based investment group Lofis to develop five residential projects worth 5-10 billion baht, with buyers from Hong Kong expected to resume property purchases in October.

Opening of borders aids economies
Bangkok Post
The Thai-Malaysia border checkpoints in Songkla and Satun have seen lots of tourist traffic which has assisted the recovery of local economies, said a government spokeswoman.

Minor reaches agreement to open new Saudi hotel
Bangkok Post
Minor Hotels is planning a new hotel in Saudi Arabia after reaching an agreement with the Diriyah Gate Development Authority (DGDA) to open an Anantara Hotel in Diriyah.

Walmart expands its drone-delivery service to reach 4 million households
Bangkok Post
Walmart is expanding drone delivery across six states this year, making it possible for many more customers to get a box of diapers or dinner ingredients delivered in 30 minutes or less.

Regional hotel outlays reviving
Bangkok Post
Hotel investment in Asia-Pacific staged a comeback in 2021, growing 46% year-on-year to reach US$12.1 billion. The steady rebound was underpinned by a growing volume of capital seeking to increase exposure to the sector, according to the latest research by the property services group CBRE.

NVD readies seven new projects for second half
Bangkok Post
After freezing new project launches for almost two years, SET-listed developer Nirvana Daii (NVD) plans to introduce seven new residential projects worth a combined 11 billion baht in the second half.

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