Thailand's leading real estate agent

New Shopping Centre to Open Next Year in Chatuchak Weekend Market

By on Nov 20, 2018 in Featured, Retail

New Shopping Centre to Open Next Year in Chatuchak Weekend Market

Mixt Chatuchak, the first and only shopping centre in the world famous Chatuchak Weekend Market, will open to customers in July next year.

Built on 10 rai of land, the mall will be open all days of the week, giving regular Chatuchak weekend shoppers – both Thais and tourists – a new shopping experience with 700 retail shops spread over 60,000 square metres, its developer Siam Piriya Development Co Ltd said.

Mixt Chatuchak is designed to serve customer demand by maintaining the unique style of the famous Chatuchak market with enhanced facilities under one roof, Siam Piriya said. The mall will provide parking space for 700 cars.

The opening of the mall next year is expected to strengthen SME operators in line with government policy. Interested business operators and retailers can book space in the project. The outlook for the retail industry is very positive, with 97 per cent of customers still shopping in offline stores and shopping malls. In addition, Omni-Channel strategies, providing a unique experience and personalisation also offer good opportunities for the retail industry, the company said.

Miporn Chaiyupatumpa, executive director of Siam Piriya Development Co Ltd, said the company is developing Mixt Chatuchak as the only mall in the heart of Chatuchak Weekend Market. TripAdvisor has named the market as the top shopping spot in Bangkok and it also holds the record as the world’s biggest weekend market.

“We believe the opening of “Mixt Chatuchak” will be well received, as it will complement and strengthen the position of Chatuchak Weekend Market, which is already a globally popular shopping spot. Although consumers are increasingly turning to online shopping, which has seen 8.5 per cent growth in 2018, according to ETDA, the information on consumer spending from Statista and PwC indicate that the majority of shoppers still prefer offline stores – 97 per cent in Thailand, 91 per cent in the United States and 83 per cent in China.

We also see new opportunities for retail business in the digital era that are Omni-Channel, blending shopping in a physical store with the online world, providing a unique experience, and personalisation that meets customers’ demands. We will have SME shops from Chatuchak market in our mall and they’ll be offering a wide range of unique products, which will be accessible everyday, as our shopping mall will be open seven days a week,” said Miporn. Miporn added that Mixt Chatuchak also plans to join hands with startups in the retail industry to offer an Omni-channel experience to keep up with technology in the future.

Sirichai Praphanturakij, executive adviser to the management of Mixt Chatuchak of Siam Piriya Development Co Ltd, said that Mixt Chatuchak would be a five-storey building on 10 rai, with total space of 60,000 square metres. The mall will also have space for holding major events, an area for 300 temporary sales stalls and a food court.

“Chatuchak is very accessible as it can be reached by bus, car and train both from BTS [Mo Chit station] and MRT [Chatuchak station]. The area has high potential, as Bang Sue is being developed as a railway hub. Bang Sue Grand Station will draw a number of people in the area.

The mall aims to attract customers with a strong mix of retail products divided into 12 different zones comprising women’s shopping, young mothers, kids’ fashion, vintage, accessories, arts, home decor, souvenir and crafts, soaps and spa, leather goods, food & cafe and a marketing events zone with 300 temporary shops,” said Sirichai.Construction is now 80 per cent complete and open for bookings.

Looking to rent retail space, Contact CBRE

Source: The Nation – 20 November 2018

No comment





 

emailSubscribe Via Email

Privacy guaranteed. We will not share your information.

Follow Me on Twitter

Follow Me on Facebook

Subscribe via RSS Feed

Copyright © 2020 CBRE (Thailand) Co., Ltd. All Rights Reserved.