Top Thailand Property News Of The Week 28 Feb 2022

The top residential and commercial real estate news of the week - 28 February 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 - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Sena plans to branch out into warehouses
Bangkok Post
SET-listed Sena Development plans to branch out to warehouses, serviced apartments and asset management, while planning 49 new residential projects worth a combined 27.5 billion baht in 2022.

Minor readies first Thai hotel under NH Collection
Bangkok Post
Minor Hotels plans to open its first Thai hotel under the NH Collection brand in Chiang Mai next year as it aims to expand the brand into prime tourism locations.

CFR set to double investment allocation
Bangkok Post
Central Food Retail Co (CFR), the operator of Tops Market, Central Food Hall and Tops Superstore, looks set to double its investment budget this year to accelerate its store expansion after seeing clearer signs of recovery.

Amazon to close bookstores, 4-star shops and shift focus to its grocery stores
Grocery Dive
Amazon is shifting its brick-and-mortar focus. The company's first physical location opened in 2015 with a book store in its hometown of Seattle, Washington.

CRC posts record-high revenue in Q4
Bangkok Post
Thai retail giant Central Retail Corporation Plc (CRC) posted a record-high performance of 58.76 billion baht in revenue for the fourth quarter of 2021.

Sansiri banking on lower-end condos
Bangkok Post
SET-listed developer Sansiri Plc will launch lower-end condo projects for sale a month before construction is completed and work with banks to ensure the transfer of units with lower mortgage loan rejections.

MPI uptick continues for 5th consecutive month
Bangkok Post
Thailand's Manufacturing Production Index (MPI) increased for five consecutive months reaching 104.42 points in January as manufacturers continued to reap benefits from the easing of lockdown, but there are fears the Russia-Ukraine conflict will put the brakes on global economic recovery.

Hotels, hospitals urged to give travellers refunds
Bangkok Post
All 2,157 hotels and their partner hospitals or Covid-19 test centres have been asked to voluntarily refund the second RT-PCR test and room booking on the fifth day to tourists or convert it into credits as the government insisted that it will not mandate operators to pay back those advance payments.

Dusit Thani's 2021 asset rejig rakes in B3.4bn
Bangkok Post
Hospitality giant Dusit Thani Plc's asset optimisation and investment diversification tallied 3.4 billion baht in 2021, an increase of 3.7% compared to the previous year.

Global consumers’ surprising resiliency is tested anew by war
Bloomberg
The consumers who drive the global economy have remained surprisingly resilient as the Covid-19 pandemic pushed inflation to 40-year highs, made certain goods scarce and upended the job market. Now a geopolitical storm will test anew their appetite and ability to spend.

Change is constant
Bangkok Post
When entering the exhibition "City Adaptation Lab!" at Bangkok Art & Culture Centre (BACC), visitors cannot miss the sculpture Rok-Ra-Bat (Pandemic) by Kaninyan Chandrasma. It is a broken tube sitting on a tall pedestal.

'Imagining Better Futures for All'
Bangkok Post
To celebrate its 40th anniversary, Central Pattana has announced a commitment for better futures and a position as the place maker that builds places for the people and the planet.