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Property

Thai developer Central Pattana eyes $3.9bn for malls, homes over 5 years

Expanded investment plan includes hotels, anticipating rapid tourism rebound

Central Westville is slated to open in Bangkok by December. (Image courtesy of Central Pattana)

BANGKOK -- Top Thai retail developer Central Pattana's five-year investment plan announced Thursday includes over 200 projects in Thailand and neighboring countries, responding to a rebound in personal spending and tourism with the lifting of pandemic restrictions.

The developer has earmarked 135 billion baht ($3.85 billion) for commercial facilities, housing and other properties from 2023 to 2027. Plans include 50 malls, 90 residential areas and 37 hotels in Thailand and elsewhere in Southeast Asia.

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