According to the company, a real estate Central Group, hospitality and Retail Company having planned to finance 20 billion baht in Phuket to construct a shopping malls and resort towns in planned sites. In order to alter the island into an extravagance traveler last stop. Central Group also have ideas to form three shopping malls, specialty stores, a convention hall, housing projects, three hotels, office towers and leisure as well as entertainment complex.
All surroundings of the Phuket will be developed and expanded on a region of 630,000 square metres.
Tos Chirathivat, chief executive director at the Central Retail Corporation stated that Phuket contain the capacity for long-term reserves just as it is considered an exceptional visitor location, along a financing strategy that will finally alter the Phuket in a fantasy visitor place for people from around the domain, Central Group is also targeting to cover the hole in lifestyle business sector of Phuket with expensive shopping malls, top-class hotels as well as entertainment venues.
Tos believed that about 20 billion baht funding will be completed in more than a period of five to seven years in calculation to this, it will also offer an extraordinary practice to the visitors of island. It will also assist the policy of government to fascinate the visitors of Phuket, The group keep policies to make a up-to-date shopping mall in the north part of Phuket, although in the western region comfortable cottages are to be planned, having prices from $3 to $5 million.
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