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Build it and they will come: Thai developers pour billions into retail

“The challenge to Thailand’s retail success is keeping shopping center visits engaging and fresh, says CBRE’s Pitchon” reports businessinsider.com. Developers have $4 billion in retail investments in the pipeline, outstripping new projects in Jakarta, Singapore or Kuala Lumpur.Retail sales growth reached a five-year high in August this year, up 17 percent from a year ago, much of it in malls.Bangkok currently has 7.5 million sqm of retail space with another million in planned, nearly double what similar cities have lined up.But with mammoth retail developments going up and Thai household debt at 77.6 percent of GDP, some are questioning the sustainability of recreational shopping.
 
Source: businessinsider.com



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