Phuket’s Retail Sector on the Mend
Major Phuket retail malls which have over 500,000 square meters in leased area space according to research by C9 Hotelworks are reporting a pick-up in customer demand. The increases are a combination of higher seasonal long-term stays by part-time residents, a spur upwards in domestic travelers which are Thais who are attracted to malls, and overall flow of visitors to the island as quarantine measures lessen.
Making business news has been the island’s second-largest mall Jungeylon in Patong with 200,000 square meters of space. They have embarked on a two-phase plan that will see interior spaces upgraded and reopened by the end of this year, and exterior facelift within next year. One key feature of the new Jungceylon will be a digital amusement attraction.
This comes at a time when Phuket is bracing for the opening soon of the largest amusement attraction Andamanda. This massive best-in-class park is being developed by Thailand’s Proud Real Estate Group which also owns and operates Vana Nava Waterpark in Hua Hin.