What do you mean by 3F centralized commerce and 1F street commerce?

3f refers to three floors, and centralized business refers to the whole building. Our common Vientiane City and New World Department Store are centralized businesses. Correspondingly, there are shops along the street, generally only 1-2 floors, which are small in scale and generally set up for the convenience of surrounding residents.

Because business is a heavy asset, it not only tests the financial strength of operators, but also tests their operating experience. According to the characteristics of the project, the Brand Development Association will take measures such as wholesale sale, office building property renovation, self-sustaining and investment operation, adjust products, positioning and target customer groups around corresponding measures, and formulate a commercial financialization plan.

At present, the more mature commercial operators are Wanda, China Resources Real Estate and Guangzhou Tianhe City Group. Details can be consulted in official website or other channels.