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1.Market Observations, 8.Was Sticky

13 Nov 2018 (AFR) – Build it and they will come: Thai developers pour billions into retail development

(13 November 2018, AFR, p37, by Chayut Setboonsarng)

‘Thailand’s new ultra-luxurious Iconsiam shopping complex opened its doors on Saturday, shrugging off a decline in tourist arrivals and political uncertainty ahead of next year’s elections. “I wanted to build something that would tell the million stories of ‘Thainess’,” says Chadatip Chutrakul, chief executive of Siam Piwat, the firm behind Iconsiam, a half-million-square-metre complex that sits on the banks of Bangkok’s Chao Praya River.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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