With BluPort’s grand opening in the books and shoppers now able to find everything from traditional tourist trinkets to stylish leather goods in one place, Hua Hin Asset Co, the joint venture between The Mall Group and the Liptapanlop family’s Proud Real Estate firm, are already looking for ways to ensure it is a success.
The new mall stands next to a tract of land that has been reserved for a residential development, Pasu Liptapanlop, executive director of Hua Hin Asset, said. The joint venture is expected to use the land for a luxury project in the near future.
The rise of top-end residential property projects in Hua Hin was a deciding factor in the mall’s creation, Supaluck Umpujh, vice-chairwoman of The Mall Group, the developers behind the Siam Paragon in Bangkok, explained to local media.
“Many executives have a second home in Hua Hin, where they enjoy relaxing on weekends,” she told The Nation. “Hua Hin is a charming city with a long legacy.”
BluPort, which covers 200,000 square meters, cost more than THB5billion to build and becomes the second major retail center in the city after Market Village. The mall hopes to bring in 20,000 visitors on weekdays and 60,000 during peak season.
Residential developers remain bullish on Hua Hin’s prospects and a lot of construction can be found throughout the region. PACE Development is building MahaSamutr, a community of villas which surround a Crystal Lagoon. The lagoon will be the largest of its type in Southeast Asia when finished.
Image via facebook.com/BluportHuaHinOfficial
This story was originally published on Property-report.com
