CPN is investing 8.2 billion baht in Nakhon Pathom.

Central Nakhon Pathom, the 42nd shopping center of Central Pattana Plc (CPN), is the company's first multifunctional project in this city. The project has invested 8.2 billion baht, as Nakhon Pathom has significant economic potential. The city's gross production value is 366 billion baht and is growing every year. According to the 2023 Office of Trade Policy and Strategy, the city ranks third in the central region and seventh nationwide. The infrastructure in Nakhon Pathom is also being improved. Salaya in Nakhon Pathom is planned as a station for the second phase of the SRT Light Red Line - a suburban railway system serving Greater Bangkok. Furthermore, the government has begun construction of the Bang Yai-Nakhon Pathom-Kanchanaburi highway (M81) aimed at connecting Bangkok with the western region. M81 is currently under construction and is expected to be fully opened by 2025. This will make the city an economic gateway to the west, supporting the purchasing power of its residents and expanding its influence into the areas of Ratchaburi and Kanchanaburi.

“Greater Bangkok is growing, and Nakhon Pathom is one of the ports to the west and south of Thailand. The project will be able to attract local residents living in the area, as well as tourists heading to Cha-am or Hua Hin,” said Mr. Nattakit.He noted that over 1 million residents from neighboring districts, including Kanchanaburi and Ratchaburi, will contribute to the opening of Central Nakhon Pathom.

Mr. Nattakit announced that CPN is opening its 42nd shopping center, Central Nakhon Pathom, with an investment of 8.2 billion baht. The project covers more than 100 rai of land and has a building area of over 133,000 square meters. It includes a shopping center, a hotel, Essent condominiums, a city park, and a single housing project called Baan Nirati. Mr. Nattakit noted that the new Central Nakhon Pathom will not affect the operations of Central Salaya, which is also in the same province, as they target different audiences. Despite the household debt-to-GDP ratio in Thailand reaching 90.9% in the third quarter of 2023, which has weakened consumer purchasing power, according to the National Economic and Social Development Council, CPN is confident that this will not impact the foot traffic at the new shopping center, as the local economy has high potential. "I believe that the purchasing power of middle and high-income customers is still showing positive results," said Mr. Nattakit. The company aims to attract 25,000-30,000 daily visitors and expects the entire project to be completed within the next five years.