Overview
- As the nation's economic center with a population of about six million official residents plus workers from the countryside and non-Thai nationals living in Bangkok alone, commercial property development is largely concentrated in Bangkok and surrounding areas. Government promotion of Thailand as the medical hub of Asia and private sector promotion of Bangkok as the fashion and shopping center of ASEAN, feed extra fuel into the rapid growth in commercial property development in the Bangkok area, which continues to outstrip that in the provinces.
- At the same time, there are increasing rates of growth in commercial property development in the provincial economic centers. Most of this growth is in modern retail outlets such as shopping complexes, community malls, convenience stores and discount stores. These kinds of retailers are increasingly expanding into the provinces.
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