Top Thailand Property News Of The Week - 12 April 2021
The top residential and commercial real estate news of the week - 12 April 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.
An ageing conundrum
The Finance Ministry is growing concerned about slow economic growth prospects and higher inflationary pressure in the long term as Thailand transitions to an "aged" society.
Pattaya hoteliers keen on comprehensive jabs
Hotels in Pattaya are concerned about the tourism outlook, pinning their hopes on mass vaccination as the only way to exit the worst crisis in its history.
‘Super app’ Grab to go public in record $40bn Spac merger
South-east Asian “super app” Grab, which offers services from ride hailing and food delivery to online banking, is to float in the US in a record deal with a so-called Spac investment company that values the loss-making business at almost $40bn (£29bn).
Airbnb IPO cushions heavy losses in 2020
US-based Airbnb has weathered the Covid-19 pandemic with heavy losses, however its recent gangbuster initial public offering (IPO) has left it in a healthy financial position for 2021.
Alibaba shrugs off $2.75 billion antitrust fine, shares rally
Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.
'Modified' REIT stimulates interest
Royal Orchid Hotel Thailand (ROH) was the first Stock Exchange of Thailand-listed tourism-related company to seek approval from the Securities and Exchange Commission (SEC) to set up a real estate investment trust (REIT) with a buy-back condition, a new kind of REIT launched by the SEC to help real estate operators boost liquidity amidst the pandemic.