One of the most promising sectors in Thailand’s property market is undeniably retail. At present there are a total of 6.21 million square meters of retail space across 323 developments in Bangkok. With an occupancy rate of up to 96.5%, the retail market offers good growth prospects over the next five years. According to the Thai Shopping Centers Association, up to 120 billion baht worth of additional investment will be pumped into the retail sector.
Starbucks’s recent store openings in India aren’t exactly up-to-the-minute news since their first store opened about a month ago. However, it took the world’s largest coffee chain to highlight a recent trend in Asia. Many companies might know this already, but surely there are many others that are just catching on. The trend revolves around social settings.
The developing economies of East Asia will grow less rapidly this year than previously expected, says the World Bank. But domestic demand and economic stimulus measures will allow growth to accelerate again next year. The euro zone crisis and a looming “fiscal cliff” in the United States continue to pose “considerable risks” to the global outlook, but in East Asia and the Pacific — a region that includes countries such as China, Thailand, and Indonesia but not Japan and India — robust domestic demand is helping growth remain well above that in other parts of the world.
getchee creates and validates market data for business use throughout China, India, and Southeast Asia.
Through the use of GIS, we help companies compare and visualize business data against our market data on a map. We maintain a database that supports over 100 cities and three types of data: demographics, points of interest, and heat maps.