What: Central Pattana commits $3.6 billion to develop 30 mixed-use projects and a new commercial district in Bangkok, reinforcing Thailand's position as a global retail and tourism hub.

Why it is important: The scale and scope of this expansion validates Thailand's emergence as a major retail hub, with Central Pattana's mixed-use strategy setting new standards for retail property development in Southeast Asia.

Central Pattana's ambitious five-year investment plan marks a transformative moment in Southeast Asian retail development. The 120 billion baht ($3.6 billion) commitment encompasses 30 mixed-use projects across Thailand and a significant new commercial district in northern Bangkok. The Central, their flagship development in the Phaholyothin area, will feature 460,000 square metres of retail space accommodating over 200 global brands when it opens in late 2026. This expansion aligns with Thailand's broader strategy to enhance its tourism infrastructure, including potential casino developments and international events like Formula One. The investment builds upon Central Pattana's successful track record as Thailand's largest mall operator, currently managing Central World, the country's largest shopping complex. The Chirathivat family, which controls Central Pattana with a net worth of $9.9 billion, continues to demonstrate their commitment to elevating Bangkok's global retail status through these strategic developments.

IADS Notes: As noted in March 2025, Central Pattana has established itself as Southeast Asia's largest mall operator with 90% occupancy rates across its properties. Their strategic vision was demonstrated through the December 2024 completion of Central Chidlom's transformation and their October 2024 commitment of $461 million to tourist-focused developments in key locations like Krabi and Chiang Mai. The August 2024 Alipay+ partnership has already shown significant results in capturing tourist spending, while the June 2024 launch of the Luxe Galerie established new standards for luxury retail spaces in the region.

Thai billionaire family’s Central Pattana earmarks USD 3.6 billion to build offices, malls