Top Thailand Property News Of The Week - 28 Jun 2021

The top residential and commercial real estate news of the week - 28 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.

Sansiri to accept payments made with cryptocurrency
Bangkok Post
Real Estate firm Sansiri Pcl is partnering with XSpring Digital to accept cryptocurrencies as payments for housing at its projects. Digital currencies, including Bitcoin (BTC), Ethereum (ETH), USDC and USDT, can be used to pay for common fees as well as central management fees through Bitazza, a Thai digital currency broker.

Japanese land prices post first annual fall in 6 years in 2020 - tax agency
Reuters
Japan’s land prices fell for the first time in six years in 2020, the country’s tax agency said on Thursday, as the coronavirus crisis hurt demand for hotels and houses, especially in areas popular with tourists.

CBRE Group, Inc. acquires union gaming
CBRE Thailand
CBRE Group, Inc. today announced the acquisition of Union Gaming, a leading boutique investment bank and advisory firm focused exclusively on the global gaming sector.

SRT 'clears out' illegal occupants
Bangkok Post
The State Railway of Thailand (SRT) says it has cleared out all people that were illegally occupying land along the planned high-speed train route from Suvarnabhumi airport to U-tapao airport, and that it is almost ready to hand over all the land along the route to contractors.

FPIT adopting purple ocean strategy
Bangkok Post
Industrial property developer Frasers Property Industrial (Thailand) or "FPIT" is adopting a purple ocean strategy to tap into both new and current markets with two key pillars: 'creating readiness' and 'differentiation', aiming for revenue growth of 10-15% per annum.

Quasi-lockdown in capital to cost B140bn
Bangkok Post
The 30-day temporary lockdown of all construction sites and worker camps in Greater Bangkok will cost 140 billion baht and have a ripple effect across all supply chains in the construction and property sector with unpredictable losses.

U.K. house prices jump most since 2004 before tax-break deadline
Bloomberg
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. U.K. house prices grew at their fastest annual pace for more than 17 years in June as buyers rushed to seal deals in time to benefit from a government tax break.

Payment profusion
Bangkok Post
The adoption of Bitcoin and other cryptocurrencies as a payment method for goods and services is gradually gaining traction among real-world entrepreneurs despite the inherent price volatility, including a recent dip.