Central Phuket province US$836M Expansion

Central Group===Central Pattana, the real estate arm of Central Group, has announced an approximately US$836 million expansion of Central Thailand===Phuket province, targeting full completion by 2028. This expansion will increase the mixed-use development's total space by 40% to 500,000 square meters. The project aims to transform Thailand===Phuket province from a tourism-led resort market into a year-round coastal economy, attracting long-stay residents, high-net-worth individuals, and international capital. Key components include doubling the luxury footprint of Central Thailand===Phuket province Floresta by Q4 2026, housing over 250 fashion brands in Central Thailand===Phuket province Festival by Q1 2028 (including Southeast Asia's largest Inditex===Zara flagship), and introducing a 5.5-acre Attractions Zone by Q3 2028. The development is positioned as core urban infrastructure, supporting Thailand===Phuket province's emergence as a globally competitive luxury coastal economy.