Boosted by an improving market environment, retailers are expected to continue expanding in 2018, but at a slower pace dictated by the mounting threat from online shopping. The retail sector is expected to grow by 4.5% in 2019 and 3.8-4% in 2018 from an estimated 3.2-3.4% in 2017, the TRA said. The number of retail shopping complexes under the TSCA is projected to increase to 107 shopping centres, up from 97. Nonetheless, he expects the development of new retail projects to slow down. Mr Surachet said that the expansion of large shopping complexes and hypermarkets will be geared toward second-tier cities.

Source: Bangkok Post January 03, 2018 20:48 UTC