Download pdf - Bangkok Retail Market Report 2010 Year End Q4

8/7/2019 Bangkok Retail Market Report 2010 Year End Q4

1/12

2009 - 2010

Supply

rentalS

Occupancy

Bangkok Retail MaRketRePoRt

thailand

.os.o.

Bangkok Retail Market

executive Summary

arud 185,000 sq m r spc ws cmpd r h wh 2010. Fr Q4 2010, v

cmmuy ms cm dd pprxmy 38,000 sq m spc B.

th b sry Q4 2010 d prbby 2010 ws h purchs Crrur by h B C

hyprmr ch. ths w csd h hyprmr scr smh rsmb

dupy bw B C d tsc.

as h Crrur bd, sm jcy r ps r xs r crs cud ccur du

h mpd R d Whs ac whch w csr h dvpm w r r

crs urb B.

odr r crs cu rv rdr succssuy cmp wh wr r

crs wh mdr dss.

Sm rss rs d ccupcy wr rcrdd r 2010 dsp h dscs rsu

rm h prss rm Mrch My.

o dmsrs h Rjprs rsc ps urhr chs r rrs

h r d cud sc wh s y b rc c yr.

year end 2010 | reTaIL

market indicatOrS


2/12

Bangkok reTaIL MarkeT rePorT | Q4 2010

COLLIERS INTERNATIONAL | P. 2

retail lOcatiOnS


3/12

retail market categOrieS

th rzd r mr thd c b dvdd sv m

crs, bsd sz, chrcrscs, ds sd, d prc.

1) So m / So c

2) d So (urs r hs rpr cud sd srs

y, hs cd shpp ms r cudd)

3) h

4) co m

5) S Sos

6) e co (hs ds cud rm rs

shpp ms s hs rprs rsc pr h shpp m

mx)

7) So r

n: Fr h purpss h rpr r rrs rzd r

srvcs d xcuds rd s prprr us cd

shphuss d mrs css prdmy sm rdrs.

as suprmrs hv b xcudd rm hs rpr.

hiStOrical Supply



tOtal retail Supply 2007-2010

Surc : Crs ir thd Rsrch

apprxmy 38,000 sq m ws cmpd Q4 2010 d

pprxmy 185,000 sq m ws cmpd 2010, hwvr sm

prjcs hv b dyd x yr du h cs h prss

Q2 2010.

Fry w srs Crrur thd wr cqurd Q4 2010 by

B C, subsdry Frch rr grup Cs. ar h cqus

B C w w 113 hyprmrs thd s tsc luss 87

hyprmrs. B C hs ps cs y h 42 Crrur srs

huh sm srs r cd h sm r xs B C

srs.


4/12COLLIERS INTERNATIONAL | P. 4


add suppy r Q4 2010 ws prvdd by v cmmuy ms

wh r rud 38,000 sq m. Pur Pc Rmhmh 110

ws pd 10 ocbr 2010 d Pr l B hd s rd

p 17 nvmbr 2010 d s cd h th lr r.

Sc 2007 wrds u 2010, r spc h our Cy r

crsd by mr h 14% wh Suburb B nrh r

crsd mr h 36%, du wr d prcs hs zs d

h prxmy hs cs sr cusmr bs.



additiOnal Supply in 2010 by quarter

breakdOwn Of retail Space in bangkOk by lOcatiOn, q4 2010


5/12

tOtal hiStOrical Supply by lOcatiOn tO q4 2010



R dvprs r ry dvp prjcs csr hr cchm

rs h suburb rs, whr mr pp v. Hwvr y h

r spc B s cd h suburb B r;

wh vry dprm sr B cd h urb r du

h rc, s ms cs, shpp h cr. Br h

dv crs r h msss h cr ws h r h pp cd

r h r xprc.



6/12

future Supply


th uur suppy schdud b cmpd 2011 s pprxmy

290,000 sq m wh pprxmy 185,000 sq m s shpp ms d

85,000 sq m s xpcd b cmpd 2012.

th our Cy r s rms h ms ppur c r r.

i Q4 2011 Cr Rm 9 Rchdps Rm 9 irsc s

schdud b cmpd wh r pprxmy 83,300

sq m, crs h suppy shpp m s.

trm 21 s schdud b cmpd 2011 ry 35,000 sq m

shpp m spc h Cy r. ths s y hrd h d

r sc r dvpm h cr r h rsb uur

du rhcm rsrcs. th w BtS xs o nu

Br, pd cmmc cmmrc prs Q4 2011 w

bs rsd prjcs h r h , s r dvprs

r y py hs c, spcy r cmmuy

ms.


cumulative Of future Supply in bangkOk by year and categOry, aS Of q4 2010





demand take up

breakdOwn Of hiStOrical take up rate Of retail Space by lOcatiOn, 2005 2010

take up rate Of current Supply by categOry, q4 2010



Sm crss wr rsrd zs r 2010. th Cy d

our Cy rs up rud 0.3 - 0.4% wh h Suburb r

crs pprxmy 0.4% ws rcrdd.

t up r crs, xcp suppr r, s mr h 95%.

Suppr r cmmds y 85% d c b xpd by h

rc cusm rm wrrs h fcs h r cmp

supprs. lwr vs fc ccupcy vr h ps w yrs

ccu r hs s hs ms ss pp us h us. i sm

sus h spc r suppr r s r r h sz h

fc supprs d sm cvr fc us r hr ucs such

s duc crs.



t up rs r r Q4 2010 crsd q/q vry qurr, b shy. th rur csumr cdc s h y rs.

th sump csumr cdc r much 2008 d 2009 ws h

rsu h gb Fc Crss h cusd thds gDP shr.

Wh cdc b susd upwrd ph h wr

prd 09/10, hs ws svry dd w h prss apr

d My. Hwvr Q3 wssd rur h crs rd d Q4

s h hhs qurr s ur yrs.


Surc : Buru trd d ecmc idcs, Crs ir thd Rsrch

take up rate Of current Supply by lOcatiOn, q1 q4 2010

cOnSumer cOnfidence index (cci)


demand driverS fOcuS


9/12

Surc : B thd, Crs ir thd Rsrch

Rmr : e = esmd by Crs ir Rsrch

Yr 2002 = 100

Surc : B thd, Crs ir thd Rsrch

Rmr : e = esmd by Crs ir Rsrch

th prss h prvus qurr hd mpcd h r mr bu

Q3 2010 h vr pr spd rurd d hs shws

pmsm r h uur. Fr Q4 2010 h B thd rcs r

ss h w shw h hhs vs h s v yrs, v

cmprd prvus Chrsms d nw Yr hdy sss.

Crd crd us vr h ps v yrs hs crsd by rud 60%d hs crds r mr usd rzd r crs. th

rc umbrs dc spd dur h prss d pc

up Q3 2010. th urh qurr s h s qurr h yr dcuds Chrsms d nw Yr sv, s crd crd us vum

hs qurr vry yr s usuy h hhs.


retail SaleS

dOmeStic credit card uSage vOlume


retail SaleS index by quarter

credit card uSage vOlume by quarter



digital retailS

neCteC rprd h umbr r usrs thd 2010,

bsd survy rsus rm www.ruhs.cm, b mr h 21

m, crs ry 15% rm 18.3 m pp 2009; dccrd hs rpr h umbr r usrs s rud 33%

h ppu thd. R dvprs r hrr

pprus xpd hr ss chs, by p hr w

srs. Hwvr h umbr ths wh shp s s wr h

my curs as.

i h s qurr 2010 w b pyrs r busss sppd

h shpp busss. th M grup fcy uchd h M

o Dprm Sr (Mds: www.mds.c.h) Dcmbr 8 2010

d w prm mr h 30,000 prducs 11 crs. thy s

p crs h umbr prducs vb r shpp

bu 100,000 x yr.

Cr rup uchd hr w shpp wbs, www.cr.

c.h d hy crdd wh tnt dvr prducs buyrs. B C

s hv wbs r shpp www.bcc.cm, bu buyrs

mus B C u pc up h prduc. i dd h mjr

r pyrs hr r w rs h mr such s Ubr M

h rs 3D shpp m d www.2010MS.cm by

ksr B. a survy by Msr Crd Wrdwd ud h th

pp r rsd shpp , wh vr vu

prducs buh crs 18,150 bh pr prs, mr hs survy pprxmy 5,000 bh. Hwvr h r xprc

s jus shpp. Fr my rprss mpr rm

rm bh dym d h v d h r

xprc s b rpc hs. i rpc cm, r crs

w pp w cmrb vrm.

trendS

rentalS


th r rs vry r s rms mr r ss h sm rm

s yr, y h Cy r ws hr vry sh du h

prss apr d My 2010.

Surc: Crs ir thd Rsrch

rental rate during the year 2000 - 2010



th r dusry s s ypc wr bm ss wh y

Chrsms d nw Yr shpp bu s r Chs nw Yr,

Sr d Vs Dy. th crs h mmum w d s

s y spur r spd dur hs prd d byd .

B C w h bdd r 42 srs Crrur thd d hy

p p vry sr, v hs cd h sm c B

C. th hyprmr dymcs w csss prmry dupy

bw B C d tsc lus. a ssu r h x w qurrs w

b hw h w c r Crrurs cusmr bs whch ds b

mr upmr. o h w tsc lus crs mr r hs mr d

s hrr y hv h dv.

Rv d ch s h ywrd r r busss h x w

yrs, s my crs d rurbsh m hr cusmr

bs h wr r crs prvd sr cmp. th

ds r crs s rdcy dr rm 20 yrs wh

rr mphss drv vsrs up s hhr vs whch d

hhr ccupcy d r rs bv h rs w rs.

th prss h Rjprs rsc cud sp

dfcus r rrs hs r s such prss h hv bu

pc vry w ws dur h busy wd shpp prd

d h rm cud dr shpprs rm vs h r. ahuh

wh s y b c yr w d us my h

h h cmp w s dsrup rm shpp prs.

R dvprs w b cus mr shpp d mprvhr wbss wh mr chc d vby. Hwvr r h

rsb uur hs s y cmpm rhr h ch h

xs r xprc.

th uur r B w b cd by h mpd R

d Whs ac, whch w ddrss h ssu dmc by r

r crs h urb rs by rsrc w dvpm. th

vu d mprc xs r h cr s y crs

vr m d h vrus pyrs cud b vvd bdd/vr

cvy vr h cm mhs d yrs. Crrur myb jus h

b.


fOrecaSt


12/12

cOllierS internatiOnal thailand

management team

Retail SeRViCeS

ashrw Wch | Sr Mr

ReSiDential SaleS & leaSing

nuy Juhsvsdu | Mr

PRoJeCt SaleS & MaRketing

Ws Rjjuu | Mr

aDViSoRY SeRViCeS

npr tchum | Mr

oFFiCe & inDUStRial SeRViCeS

nrum Rdsrvrph | Sr Mr

Real eState ManageMent SeRViCeS

Bdd Chyu | assc Drcr

aDViSoRY SeRViCeS | HoSPitalitY

J Mrc grr | Drcr

inVeStMent SeRViCeS

nur Suwu | Sr Mr

ReSeaRCH

ay Pc | Sr Mr

Surch kchp | Mr

ValUation & aDViSoRY SeRViCeS

nchs Brw | assc Drcr

Phchsu Phrmhu | Mr

PattaYa oFFiCe

Mr Bw | Ss Mr

Sup Srjs | Busss Dvpm Mr

CoLLIerS InTernaTIonaL ThaILand:

B ofc17/F Pch Cr,2 Suhumv Rd, ky,B 10110 thd

tel +662 656 7000

fax +662 656 7111

email [email protected]

Ptt ofc519/4-5, Py Scd Rd (opps Cr FsvPy Bch), npru, Bmu, Chbur 20150

tel +6638 427 771fax +6638 427 772


reSearcher:

thday PcSr Mr | Rsrch


reSearcher:

thdSurch kchpMr | Rsrch


480 fcs 61 curs 6 cs

th hrd rs cmmrcr s srvcs cmpy h wrd

th scd ms rcsdcmmrc r s brdby

US$2 b u rvu

ovr 2 b squr udrmm

ovr 15,000 prsss

ths rpr d hr rsrch mrs my b ud ur wbs www.crs.c.h. Quss rd

rm hr shud b drcd h Rsrch Dprm h umbr dcd bv. ths dcum hs

b prprd by Crs ir r dvrs d r rm y. Crs ir ms

urs, rprss r wrrs y d, xprssd r mpd, rrd h rm cud, bu

md , wrrs c, ccurcy d rby. ay rsd pry shud udr hr w

qurs s h ccurcy h rm. Crs ir xcuds uquvcy rrd r mpd

rms, cds d wrrs rs u hs dcum d xcuds by r ss d dms rs

hr rm. Crs ir s wrdwd f dpdy wd d prd cmps.

accr succss.

Ud Ss: 135

Cd: 39l amrc: 17

as Pcc: 194

eMea: 95
