Top Thailand Property News Of The Week - 19 October 2020
The top residential and commercial real estate news of the week - 19 October 2020
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.
FPT adopts integration at the right time
Diversification, synergy and resilience will be key factors helping Frasers Property Thailand (FPT) in its integration of industrial, residential and commercial property business into "One Platform".
Charn Issara turns to rich families and investment
SET-listed developer Charn Issara Development Plc (CI) plans to introduce big lots to wealthy families and investment buyers, as well as offering discounts and campaigns to boost sales in the fourth quarter.
Traditional trade makes strong comeback
Traditional trade has made a strong comeback during the Covid-19 crisis, with consumers flocking back to conventional retail stores, especially in upcountry areas.
THA touts expat discounts
The Thai Hotels Association (THA) is introducing a stimulus campaign targeting expatriates by offering a 1,000-baht discount on 5,000 room nights and urging the government to move an existing domestic campaign onto e-commerce platforms.
IHG has big plans for Grand Sukhumvit Hotel in Bangkok
InterContinental Hotels Group (IHG) has signed an agreement with Sukhumvit Centre Point to take on the management of Grand Sukhumvit Hotel Bangkok from next year.
Gap looks at closing stores in some European countries
Gap Inc is considering closing stores in some European countries, as the apparel retailer looks to save cash while dealing with a sales slump brought on by the COVID-19 pandemic and competition from fast-fashion companies.
Singha, Hongkong Land both upbeat
Hong Kong-based investment group Hongkong Land and SET-listed developer Singha Estate remain confident in the Thai property market over the long run.
Race to Become Russia’s Amazon Is Heating Up
The pandemic pushed millions of Russians to try e-commerce. With Amazon absent, a handful of local players jockey for dominance. Covid-19 has driven a projected 10 million more Russian consumers online, accelerating the race to become the country’s answer to Amazon.com Inc.
FTI advises charter amendment for peace
The Federation of Thai Industries (FTI) wants authorities to step up efforts to amend the controversial charter to find a way out of political turbulence threatening plans to restore the economy.
Alibaba pays $3.6bn to take over China hypermarket giant SunArt
China's e-commerce behemoth Alibaba has bought a controlling $3.6 billion stake in SunArt which runs hundreds of hypermarkets on the mainland for French shopping giant Auchan.
Pantip Pratunam pivots to wholesale trade hub
SET-listed Asset World Corp (AWC), the property arm of billionaire Charoen Sirivadhanabhakdi's TCC Group, plans to turn its 19-year-old Pantip Pratunam into a new wholesale trade hub for Thai manufacturers.
Hotels face five-stage recovery
Five stages lay ahead for the world’s almost one million accommodation providers until their booking cycle resets into a different normal, a new report by SiteMinder, a global hotel industry guest acquisition platform, reveals.