Top Thailand Property News Of The Week - 31 May 2021

The top residential and commercial real estate news of the week - 31 May 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.

Fighting back against exploitation
Bangkok Post
As sharing economy tech companies plot major mergers and initial public offerings (IPOs) this year, they are running into problems in Thailand as the state, labour organisations and restaurateurs attempt to push back against the exploitation inherent in their business models.

ASQ facilities eyeing hybrid format
Bangkok Post
Alternative state quarantine (ASQ) hotels want to transform into hybrid facilities during the second half of this year as the reopening plan under Phuket sandbox starts to affect bookings.

CP All plans to open 700 7-11 stores
Bangkok Post
CP All Plc, the operator of 7-Eleven convenience stores, plans to spend 11.5-12 billion baht this year to expand its business.

Tesco staff win legal argument in equal pay fight
BBC News
Thousands of current and former Tesco workers have won a legal argument in their fight for equal pay. The European Court of Justice has ruled that an EU law could be relied on in making equal pay claims against their employer.

Etsy snaps up British fashion app Depop for $1.6 billion
Forbes
Etsy will acquire Depop, a British fashion resale marketplace that has become a cult favorite for Generation Z shoppers, in a $1.6 billion all cash deal. The deal will mark Etsy’s push into fashion resale, a booming market, and a bid to win over younger shoppers, following a turnaround by chief executive Josh Silverman that has seen the tchotchke marketplace become an ecommerce powerhouse over the last 18 months.

Workers return to weirder offices with moveable walls and touchless elevators
The Nation
Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed, too.

IEAT studies possible new subsidiary
Bangkok Post
The Industrial Estate Authority of Thailand (IEAT) plans to set up a subsidiary to oversee new businesses, notably 5G wireless technology, to keep pace with the global economy.

GH Bank bullish on second-hand housing
Bangkok Post
State-owned GH Bank targets 4 billion baht in online sales of second-hand houses this year, 14% higher than last year, even as the pandemic batters the Thai economy, says president Chatchai Sirilai.

Apple to open more stores even as pandemic drives online sales
Bloomberg
Apple Inc. will add to its global retail presence even as stores in inner cities struggle with an accelerating shift to sales online during the coronavirus pandemic, Germany’s Funke Mediengruppe reported.