New malls set to sprout in 'highly competitive' Bangkok in 2019: report

Singapore

BANGKOK residents are flocking to shopping centres in their downtime - which bodes well for the city's retailers, according to a new report from a regional real estate consultancy.

Retailers could expect their average rents to hold steady or even dip, "as new tenants pay their rents with a percentage of their gross profit", said Edmund Tie & Co Research, adding that the footfall will give a gradual lift to downtown and mid-town occupancy.