Retail in Asia

In Markets

Retailers keen to open in Bangkok

Bangkok has been ranked eighth among retail target markets in Asia-Pacific, with 19 new entrants opening stores last year, according to a report by property consultancy CB Richard Ellis (CBRE).

James Pitchon, head of research and consulting at CBRE Thailand, said Bangkok was one of the hotspots for retail development in Southeast Asia, with 1 million square metres of new retail space due this year.

With the opening of new shopping malls such as EmQuartier, Central WestGate and CentralFestival East Ville as well as an increase in international tourists in Bangkok, especially from China, CBRE expects the number of new entrants in 2015 to be more than in 2014.

(Source: Bangkok Post)