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Bangkok Expands Luxury Retail Market
Bangkok will expand its 3 million square foot retail area in the next two years.
Luxury goods
In the market, the public facilities beside the Sukhuvit road have been rebuilt and many large hotels have been opened.
The biggest project is the six star Park Hyatt hotel located at Central Chitlom.
Cost
32 million 600 thousand dollars.
The centre is expected to open in 2013, mainly for the Asian market.
Consumer
。
But the only drawback is that Bangkok's luxury goods tax is increased by 30%, and retailers are beginning to protest against the government's desire to change the luxury tax.
In the future, Central Retailing plans to spend $3 billion to develop new projects, including shopping malls in the suburbs of Thailand.
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2011/12/30 9:50:00
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