CPN opens B4.5bn Krabi project

Real estate developer Central Pattana Plc (CPN) opened Central Krabi yesterday, the province's first mixed-use project and the sixth in southern Thailand, with a total investment of 4.5 billion baht.

- SOMHATAI MOSIKA

The project covers a total area of 114 rai, comprising 54 rai for Central Krabi mall, with 86,609 square metres of gross building area, the Baan Ninya Krabi residential project, a luxurious mountain-view villa, and the Phyll luxury resort-style condo and hotel.

The company expects to complete the project in five years and roughly 90% of the shopping centre's space is open, said Nattakit Tangpoonsinthana, chief marketing officer at CPN.

He said the company sees economic growth potential in Krabi, as the province's infrastructure and transport systems are increasing rapidly with the new terminal expansion at Krabi airport and the Andaman Sea Port Network expected to connect Krabi, Phuket and Phangnga as a comprehensive tourism hub.