Top Thailand Property News Of The Week - 7 Jun 2021

The top residential and commercial real estate news of the week - 7 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.

Vaccines key to revive real estate market in tourism provinces
Bangkok Post
Economic and tourism recovery driven by vaccinations will help revive the sluggish property market in tourism-reliant provinces which have been hit hard since the spread of Covid-19.

Local airlines in no rush to serve Phuket
Bangkok Post
Local airlines are still reluctant to join the Phuket sandbox model as shaky travel regulations and unstable tourism demand remain an obstacle.

Phuket seeks funds for app to track foreign tourists
Bangkok Post
Phuket is seeking funds and technical support from the government to develop a mobile application to track tourists visiting the island from next month under the Phuket Sandbox tourism reopening programme.

Makro’s green goal for zero greenhouse gas emissions by 2030 to also influence customers
Bangkok Post
Siam Makro PLC (Makro) announced its green resolution on World Environment Day 2021, revealing the plan to reduce its greenhouse gas emissions to zero within 2030. Already the company has reduced its emissions by over 20,000 tonnes of carbon dioxide equivalent (CO2e) per year. It is also seeking to eliminate use of single use polystyrene foam food containers by the end of 2021.

GameStop names a new CEO and CFO, both from Amazon
CNN Business
GameStop is getting a new chief executive and chief financial officer, the company announced as part of its earnings release Wednesday. Matt Furlong, who will replace George Sherman as CEO, and Mike Recupero, who will be CFO, are both joining the company from Amazon (AMZN).

Berli Jucker scales down investments
Bangkok Post
Berli Jucker Plc (BJC), the trading company and the operator of Big C Supercenter, has cut back its investment to about 6-7 billion baht this year from its earlier plan to spend 7-8 billion baht.

Bosch opens German chip plant, its biggest-ever investment
Reuters
Robert Bosch (ROBG.UL) opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, a record investment by the leading automotive supplier as it stakes a claim to equipping the latest electric and self-driving cars.

Harry Potter flagship store opens in New York City
Forbes
It has finally happened. After a 20 year wait, we can go to a Harry Potter store and see all of his wizardly world. A huge throng of fans welcomed the store. The store, located next to the Flatiron building, at 935 Broadway, boasts as having the largest collection of Harry Potter and Fantastic Beasts merchandise in one store in the world. The store is 21,000 square foot in size and has 15 themed areas.

Developers banking on wellness, health trends
Bangkok Post
Given the rise of wellness, health and senior living trends, property developers and construction materials producers are jumping on board to capture demand, which is expected to surge in the post-pandemic recovery.

Pruksa offers adjustable wall structure for homes
Bangkok Post
Pruksa Real Estate Plc, the country's largest precast housing developer, is allowing homebuyers to change home functions, cutting or adding rooms for the first time since its establishment in 1993.