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7/31/2019 Bangkok Retaitail Market
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thailand
.es..
Bangkok Retail Market
ExEcutivE Summary
Apprximaty 3,100 sq wr avaiab i Q1
2012 ad ary 341,800 sq m mr ar
schdud t b cmptd by th d f 2012.
Th tta suppy is stimatd t b arud
5,663,600 sq m at th d f Q1 2012, ad
mr tha 6,005,000 sq m at th d f 2012.
Q1 2012 | Retail
markEt indicatorS
hiStorical Supply, Q1 2012
Surc: Cirs Itratia Thaiad Rsarch
BAngkok ReTAIl MARkeT RePoRT
Suppy rwth swd QQ i Q1 2012 with
y arud 3,100 sq m cmptd. A f th
w suppy was dsiatd fr cmmuity
mas.
Mst f th shppi mas ar catd i th
city ad utr city aras, whi hyprmarts
accut fr mst f th suppy i suburba
Ba aras.
Mr tha 341,000 sq m ar schdud t b
cmptd i 2012 ad apprximaty 162,000
sq m ar xpctd t b auchd xt
quartr.
Th avra rta rat ad ta-up rats i a
catis ar sti cs t ths f 2011. Sm
rtai ctrs did icras thir rats but this
did not aect the market as a whole.
The consumer condence index in Q1 2012
was abut 15% hihr tha that f th prvius
quartr, but was sti wr tha that f Q3
2011.
hiStorical Supply
Q4 2011 / Q1 2012
nEw Supply
rEntalS
occupancy
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Mi Ma Suhumvit 20 is a w ifsty cmmuity ma with a tta
ara f arud 3,100 sq m catd i frt f th Miium Rsidc
on Sukhumvit 20 Road and within the Bangkok City area. This is the rst
prjct i Ba t b cmptd by Phut Squar C., ltd., which
as ws Jucy i Phut.
May shppi ad cmmuity mas ar schdud t p xt quartr,
with a tta ara f mr tha 160,000 sq m. Sm f thm hav partiay
opened already, but the ocial openings are scheduled for next
quartr.
Rtai dvprs ar tryi t dvp prjcts csr t thir catchmtaras i th suburba aras whr mr pp iv. Hwvr, y haf
f th tta rtai spac i Ba is catd i suburba Ba aras.
Mst dpartmt strs i Ba ar catd i urba aras du t thappa f shppi i th city ctr. Th vast majrity f uxury shps
ar catd i th city ara.
Surc : Cirs Itratia Thaiad Rsarch
Surc: Cirs Itratia Thaiad Rsarch
additional Supply by QuartEr, Q1 2012
brEakdown of rEtail SpacE in bangkok by location, Q1 2012
COLLIERS INTERNATIONAL | P. 2
Bangkok Retail MaRket RePoRt | Q1 2012
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cumulativE of futurE Supply in bangkok by yEar and catEgory, aS of Q1 2012
COLLIERS INTERNATIONAL | P. 3
Surc: Cirs Itratia Thaiad Rsarch
Th futur suppy schdud t b cmptd i 2012 amuts t mr
tha 341,000 sq m, with apprximaty 226,000 sq m fr shppi mas
ad apprximaty 115,000 sq m fr cmmuity mas. Mr tha 162,000
sq m ar schdud t p xt quartr.
Bangkok Retail MaRket RePoRt | Q1 2012
futurE Supply
brEakdown of hiStorical occupancy ratE of rEtail SpacE by location, Q1 2010 Q1 2012
dEmand occupancy ratE
Surc: Cirs Itratia Thaiad Rsarch
Mir icrass ccurrd i a zs i Q1 2012 du t th fact that
may brads ad shps ar i fr w spac t accmmdat thir
pas fr xpasi it xisti rtai ctrs, ad iv that w rtai
ctrs ar udr cstructi ad ar schdud t p atr duri
this yar. nw rtai ctrs ar tti ut spac prir t cmpti,
ad mst ar arady fuy ccupid. lca dmad is str withi th
Ba rtai mart but thr ar as sm rtai ctrs i th city
ara fcusi fri turists, spciay ths a Rama 1 Rad.
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Th ccupacy rats i a catris ar abv 95% xcpt fr
supprti rtai which wihd i at ss tha 87%. Mst rtai ctrs
i Ba hav achivd a hih ta-up rat, ad spciay ths rtai
ctrs i th city ara. Th avra ta-up rat f spciaty strs is
th hihst bcaus may f ths strs w thir w spac ad rt
ut prtis f it t thr tats.
occupancy ratE of currEnt Supply by catEgory, Q1 2012
Surc: Cirs Itratia Thaiad Rsarch
Bangkok Retail MaRket RePoRt | Q1 2012
conSumEr confidEncE indEx (cci), Q1 2012
dEmand drivErS focuS
Surc: Burau f Trad ad ecmic Idics, Cirs Itratia Thaiad Rsarch
Fdi duri th ast quartr f 2011 d t a dramatic dcras f
around 28.4% starting in Q3 2011. Although the Consumer Condence
Idx (CCI) i Q1 2012 was hihr tha Q4 2011 by apprximaty 15%,
it was still lower than the gure for Q3 2011 which was the highest CCI
f th past six yars.
7/31/2019 Bangkok Retaitail Market
5/9COLLIERS INTERNATIONAL | P. 5
Flooding had a substantial eect on the Retail Sales Index in Q1 2012.
This idx dcrasd by mr tha 20% frm Q3 2011 wards bfr
immdiaty icrasi i Q1 2012. Rtai ctrs i Ba trid t
bolster the market after the oods by launching special campaigns and
promotions in the rst quarter of 2012. In addition, the New Year and
Chinese New Year festivals helped boost shopping activity.
rEtail SalES indEx by QuartEr, Q1 2012
rEtail SalES
Surc: Ba f Thaiad, Cirs Itratia Tha iad Rsarch
Remark: Year 2002 = 100
Bangkok Retail MaRket RePoRt | Q1 2012
rEntal ratES during thE yEar Q1 2010 Q1 2012
rEntalS
Surc: Cirs Itratia Thaiad Rsarch
Remark: The average rental rate is based on the rental rate located on the ground oor of the building.
Rta rats i th city ara pstd a siht but mard icras QQ fr
Q1 2012, reecting the growing condence of retail centres in the city
ara. othr catis prfrmd simiary t th prvius quartr.
7/31/2019 Bangkok Retaitail Market
6/9COLLIERS INTERNATIONAL | P. 6
Th rtai busiss i Ba is vry succssfu. lca dmad is sti
str fr th Ba mart ad ps rwi i vry ara f th
city. As thr ar mass trasit xtsi is udr cstructi i th
suburbs, may rsidtia dvprs ar starti up w prjcts a
ths xtsis, which i tur icrass dmad fr rtai ctrs ith ara. May rtai dvprs hav pas t dvp w prjcts
a th w xtsi is.
Individual supermarkets continue to grow in 2012. As it is dicult for
hyprmarts t xpad i Ba ad i th city aras f thr
prvics ar ad aras, thir w straty is t p sma
idividua suprmarts a arud Ba ad Thaiad i rdr t
maitai thir mart shar ad icras rvus.
oi shppi is sti a w mart fr a rtai dvprs. Th tart
rup fr i shppi has ctiud t rw sic 2011. Th bi
am payrs i rtai busisss sm t fcus mr i shpprs,
auchi w campais r prmtis i.
forEcaSt
Bangkok Retail MaRket RePoRt | Q1 2012
7/31/2019 Bangkok Retaitail Market
7/9COLLIERS INTERNATIONAL | P. 7
Bangkok Retail MaRket RePoRt | Q1 2012
appEndix
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Bangkok Retail MaRket RePoRt | Q1 2012
rEtail locationS
rEtail markEt catEgoriES
Th raizd rtai mart i Thaiad ca b dividd it sv mai
catris, basd siz, charactristics, ds sd, ad prici:
1) S m / S cee2) dee Se (gures for this report include stand-alone stores
y; ths catd i shppi mas ar t icudd)
3) hee
4) c m
5) Se Ses
6) Eee ce (this ds t icud trtaimt aras i
shppi mas, as ths rprst a itrisic part f th shppi ma
mix)7) S re
Note: For the purposes of the report, retail refers to organized retail services andexcludes traditional single proprietor outlets often located in shophouses and marketsconsisting of predominantly small traders. Also, supermarkets have been excluded
from this report.
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colliErS intErnational thailand
managEmEnt tEam
ReTAIl SeRVICeS
Asharawa Wachaat | Assciat Dirctr
PRoJeCT SAleS & MARkeTIng
Mchai orawpaisa | Sir Maar
ReSIDenTIAl SAleS & leASIng
napaswa Chtphard | Maar
ReSeARCH
Ty Pic | Assciat Dirctr
Suracht kchp | Sir Maar
oFFICe & InDUSTRIAl SeRVICeS
narum Rdsiravraphat | Assciat Dirctr
ADVISORY SERVICES | HOSPITALITY
Ja Marc garrt | Dirctr
ADVISORY SERVICES
napatr Tichutima | Assciat Dirctr
ReAl eSTATe MAnAgeMenT SeRVICeS
Prasrt Saiphrawa | Sir Maar
InVeSTMenT SeRVICeS
nuar Suwatiu | Assciat Dirctr
Wasa Rattaaijjauu | Sir Maar
VALUATION & ADVISORY SERVICES
Phachsau Phrmthaauta | Dirctr
Waida Susuwa | Maar
PATTAYA OFFICE
Mar Bwi | Sir Sas Maar
Supa Starjitsi | Sir Busiss Dvpmt
Manager / Oce Manager
HUA HIn oFFICe
Suchai kaachai | Sir Maar
rESEarchEr:
ThaiadSuracht kchpSir Maar | Rsarch
Email suracht.chp@cirs.cm
522 oces in 62 countries 6 ctits
This rprt ad thr rsarch matrias may b fud ur wbsit at www.cirs.c.th. Qustisratd t ifrmati hri shud b dirctd t th Rsarch Dpartmt at th umbr idicatdabv. This dcumt has b prpard by Cirs Itratia fr advrtisi ad raifrmati y. Cirs Itratia mas uarats, rprstatis r warratis f ay id,xprssd r impid, rardi th ifrmati icudi, but t imitd t, warratis f ctt,accuracy ad riabiity. Ay itrstd party shud udrta thir w iquiris as t th accuracy fth ifrmati. Cirs Itratia xcuds uquivcay a ifrrd r impid trms, cditisad warratis arisi ut f this dcumt ad xcuds a iabiity fr ss ad damas ar isi thrfrom. Colliers International is a worldwide aliation of independently owned and operated companies.
A adr i ra stat csutacy wrdwid
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Bangkok Ofce17/F Pchit Ctr,2 Suhumvit Rad, kty,Ba 10110 Thaiad
tEl +662 656 7000
fax +662 656 7111
Email if.th@cirs.cm
Pattaya Ofce519/4-5, Pattaya Scd Rad (oppsit Ctra FstivaPattaya Bach), npru, Baamu, Chburi 20150
tEl +6638 427 771
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Email if.pattaya@cirs.cmHua Hin Ofce27/7, Ptchaasm Rad, Hua Hi,Prachuap khiri kha 77110 Thaiad
tEl +6632 530 177
fax +6632 530 677
Email if.huahi@cirs.cm
Accrati succss.
Bangkok Retail MaRket RePoRt | Q1 2012
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