Quote:
Originally Posted by LivinLOS
I doubt they will ever close or redevelop (too much face lost).. It will be a case of restructuring the debt.. Being an awful return for investors.. Lowering rents.. etc etc..
It does make you wonder what kind of market research, planning, customer demographics, etc they do.. Or if some Poo Yai just says "hey wouldnt a really big mall be cool here ??"
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In my experience of Thailand, this is the last exercise to be undertaken.
A couple of years back I was involved (the only farang) in doing a feasibility study into a high speed rail line. Now the first thing you would normally undertake is the "how many people will use it" exercise. From there comes rolling stock requirements, train frequencies etc., and this drives the engineering designs. Thailand? No, the last figures I got, a week before the report was due, were from the passenger forecasting people which were, IMO, wildly optimistic. When I told them how many trains would be required to shift these vast hordes, a new and suddenly much lower figure arrived. Of course this would have made the project uneconomical, so another number was proposed until the figures were thought to be acceptable to SRT. A complete waste of time!
The "wouldn't a big (insert project name here) be cool" seems to be the criteria.