What: Central is planning a new project in central Bangkok, where there are already many mixed-use projects.

Why it is important: Thailand is a hub for retail and innovation, and competition is making the market accelerate significantly.

Central Pattana, a Thai mall operator, will invest THB 20 billion  (US$541 million) in a new development under the Central Park brand in Bangkok's central business district. This development will feature a shopping centre and office building, with the shopping centre set to open in Q3 2025. This venture is part of the USD 1.2 billion mixed-use Dusit Central Park project, anticipated to draw 25 million visitors yearly. Emphasizing "Legacy meets Luxury", the project aims to blend Thai heritage with global luxury standards. Wallaya Chirathivat, CEO of Central Pattana, likens the Central Park shopping centre's ambition to landmarks like New York’s Central Park. As of March's end, Central Pattana managed a vast portfolio of shopping malls, community malls, food courts, office buildings, hotels, and residences. The company recently revealed plans to construct 50 large retail projects within the next five years.

Central Pattana plans a new shopping mall in Bangkok, Central Park