CG Capital Announces Expansion Plans for Premium Residences in Bangkok and Phuket

CG Capital, the investment arm of Thailand's Central Group, has announced its strategic roadmap for 2027, which includes the development of two new premium residential projects located in Bangkok and Phuket. This expansion aims to bolster the company's real estate portfolio to a total value of 20 billion baht. According to Phum Chirathivat, founder and executive director of CG Capital, Phuket remains a critical strategic market where the Central Group has maintained a significant presence for over six decades. The company currently manages approximately 140 assets in the province, including retail outlets, hotels, and residential properties. The decision to focus on Phuket is supported by data from FazWaz, which indicates that the island leads in real estate purchasing budgets. The company recently launched the 'Purita Phuket Bang Tao' project, with units starting at 7.29 million baht, catering to the growing demand for long-term luxury living. For residents and potential investors, this development signals a continued commitment to high-end infrastructure in key tourist hubs. While the company has outlined its intent to expand, specific details regarding the exact locations and architectural specifications of the two upcoming 2027 projects remain to be confirmed as planning progresses.