Thai Real Estate and Retail Giant Central Pattana to Invest $3.9 Billion in Mall and Residential Construction over the Next 5 Years

3月 23, 2023

Thai real estate and retail developer Central Pattana has announced that its revenue in 2022 exceeded expectations, almost reaching pre-pandemic levels in 2019. The company’s revenue for the full year was THB 371.6 billion (approximately USD 11.1 billion), a year-on-year increase of 28%, while net profit was THB 107.6 billion, up 51% from the previous year.
As the decline in foot traffic due to the pandemic eases, and restrictions on entry and exit from mainland China are relaxed, it is expected that foreign tourists entering Thailand will experience a rebound. The group has dec …