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Phuket Extends Retail Options News Feed

One of Thailands luxury malls

Several new retail developments on Phuket are set to strengthen the island’s reputation as one of the to holiday shopping destinations in Southeast Asia.

The Mall Group recently revealed plans to invest THB20 billion (US$615.29 million) in the development of a project in the Kathu district of the island. The new development will be part of a THB80 billion (US$2.461 billion) venture that will bring six top-class shopping centres to the Kingdom before the economic integration of ASEAN nations.

According to Supaluck Umpujh, the Mall Group’s Vice-Chairwoman, the BluPearl project on Phuket will comprise shopping malls, condominiums, offices and theme parks. “It will be the pearl of Phuket, the pride of the Andaman, “ she said. “A world-class luxury retail and entertainment resort destination in Asia, the same as The Palm is in Dubai. Thailand’s participation in the AEC in 2015 will herald a major change in the country’s position as a leading regional shopping hub and top tourist destination. The improved infrastructure, transportation and airports in key cities is expected to increase inbound [Thai] tourism from 25 million to 40 million people within the next five years,” she added.

Set to open in 2016, the BluPearl is not the only new shopping mall to hit the shores of Phuket. Arch rivals the Central Group previously announced plans spend some THB 20 billion (US$615 million) developing shopping malls in three strategic locations across the island, combining top-class hotels, luxurious shopping malls, office towers, entertainment venues, quality dining and chic nighttime hangouts.  The Garden, a boutique luxury mall, was also recently launched by the family-run Tawee Suwan Group, which are seeking to capitalise on the lucrative luxury retail market that has previously focused in Bangkok.

“We started off in the jewellery business and now we have expanded into property development with The Garden: Phuket Luxury Mall,” said Patara Suwannakarn, who is spearheading the launch of the mall along with other members of his family.

Rumours of a new mall at Phuket’s new airport as part of Thailand’s “Airport Cities” project are also rife. Phuket is one of five major Thai airports undergoing major redevelopment and in most cases the projects will include shopping malls, sports complexes and other lifestyle facilities.

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