Top Thailand Property News Of The Week - 6 Sep 2021
The top residential and commercial real estate news of the week - 6 September 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.
Thais lobby to ease UK 'red' travel list ban
A British deputy minister is preparing to visit Phuket under its Sandbox tourism scheme, raising hopes Britain may soon remove Thailand from its travel "red list", according to the Tourism Authority of Thailand (TAT).
Industrial sentiment falls again
The Thailand Industry Sentiment Index (TISI) in August declined to 76.8 points, down from 78.9 in July, hitting its lowest level in 16 months, as businesses bore the impact of Covid-19 and lockdown measures to contain the virus, said the Federation of Thai Industries (FTI).
Bill Gates-linked fund buys control of four seasons hotels for $2.2 billion
Microsoft founder Bill Gates' investment fund reached a deal to acquire a controlling stake in the luxury hotel chain Four Seasons for $2.2 billion, the companies announced Wednesday.
Sansiri poised to launch bonds worth B500m
Sansiri is set to launch Sansiri i-Easy bonds, worth 500 million baht, through Siam Commercial Bank's (SCB) investment application SCB Easy on Sept 16-20, with the aim of providing retail investors greater access to corporate bonds.
Hotel operators consider closing amid weak demand
Amid tepid tourist demand, 52% of hotel operators are considering closing temporarily, while 9% want to shut down permanently if the Covid-19 pandemic lasts longer than expected.
BGRIM, Singha Estate complete acquisitions
B.Grimm Power (BGRIM) and Singha Estate have formalised and completed shareholding transactions in two power generation companies. This follows the completion of another transaction in a third power generation company in July 2021.
Osotspa eyes consumer recovery as demand rises
Osotspa Plc, the country's leading consumer product manufacturing conglomerate, is ramping up its business strategy to cope with the anticipated recovery of the domestic market in the second half of the year.
Divestments hit price growth
The land price index in Greater Bangkok has seen slow growth as land transactions dropped after some landlords divested their plots to minimise the impact of the pandemic on their core business.