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8/3/2019 Bangkok Retail Market Report Q3 2011
1/10
Q2 2011 / Q3 2011
new Supply
RenTAlS
occupAncy
Bangkok RETaIL MaRkETThAilAnd
.rs..t
Bangkok Retail Market
highlighTS
Supply rwth slws q/q fr Q3 2011 with just rud 11,000 sq m bei cmpleted i thefrm f e cmmuity mll.
The busy shppi ses beii i Q4 will be ided by the scheduled dditi f
260,000 sq m f ew retil spce l with the repei f the whle f Cetrlwrld
Retls rtes esclted q/q by rud 0.3% d te up icresed by pprximtely 0.2% fr
the sme perid.
Lre scle retil cetres i the uter city re t be expded.
Bc t the future fr std le supermrets.
Trditil plyers pl t mderize d expd.
Q3 2011 | RETAIL
mARkeT indicAToRS
AddiTionAl Supply by QuARTeR
Surce: Clliers Itertil Thild Reserch
apprximtely 11,000 sq m ws cmpleted i Q3 2011 i the Suburb
B Est re frm The nie neihbrhd Ceter. Usully this
qurter is quiet i terms f ew supply f retil cetres s develpers
prefer t hve rd peis t cicide with the beii f the
freetic shppi ses i Q4.
8/3/2019 Bangkok Retail Market Report Q3 2011
2/10COLLIERS INTERNATIONAL | P. 2
Cmmuity mlls re ever ppulr feture f the retil mret. The
nie neihbrhd Ceter is ew cmmuity mll Rm 9 rd i
Suburb B Est, develped by MBk Plc. d cmprisi eiht
buildis with ttl f pprximtely 11,000 sq m.
Cetrl Ptt Plc. repeed Cetrl Plz Ldpr 28 auust 2011,
fter it clsed fr six mths fr revti with CPn spedi
pprximtely 900 milli bht fr redecrti f the whle plz. The
most signicant change is the modern interior and exterior design in line
with recet CPn develpmets.
Bi C hs luched ew stre frmt with Bi C Jumb cteri t
whleslers d shpeepers. Bi C pls t che mre brches f
ex-Crrefur stres t this mdel which will be i direct cmpetiti
with Mr whlesle cetres.
BAngkok RETAIL MARkET REPoRT | Q3 2011
nerly 50% f ttl retil spce i the B re is lcted utside
the urb re; due t Suburb B bei residetil re,
therefre develpers fcus retil prjects. My lre shppi ml ls
d hypermrets re lcted i Suburb B d budt
supply f ld plts is still vilble fr lre scle retil prjects.
Surce: Clliers Itertil Thild Reserch
bReAkdown of ReTAil SpAce in bAngkok by locATion, Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
3/10
cumulATive of fuTuRe Supply in bAngkok by yeAR And cATegoRy, Q3 2011
bReAkdown of hiSToRicAl TAke-up RATe of ReTAil SpAce by locATion, Q1 2010 Q3 2011
COLLIERS INTERNATIONAL | P. 3
Surce: Clliers Itertil Thild Reserch
Surce: Clliers Itertil Thild Reserch
The future supply scheduled t be cmpleted i the lst qurter f 2011
muts t mre th 260,000 sq m, with pprximtely 215,000 sq m
as shopping malls. A signicant amount of space will come from Central
Rm 9 d Termil 21, with mre th 124,000 sq m d bth prjects
re scheduled t pe i Q4 2011. I dditi, Cetrlwrld is slted t
repe the remii secti tht ws dmed i the My 17 rits,
icludi Ze deprtmet stre. This is t icluded s ew supply.
Te up rte fr retil i B is similr t the previus qurter, lthuh smll icreses were reistered i ll zes fr Q3 2011.
fuTuRe Supply
demAnd TAke-up
BAngkok RETAIL MARkET REPoRT | Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
4/10COLLIERS INTERNATIONAL | P. 4
Te up rte f ll cteries, except supprti retil, is mre th 95%.
Supprti retil cmmds ly 85% d c be explied by the
reliance on custom from workers in the oces that the retail component
supports. Low levels of oce occupancy over the past few years account
fr this s this mes less peple usi the utlets. I sme situtis
the space for supporting retail is too large for the size of the oce it
supports and some convert to oce use or other functions such as
eductil/trii cetres.
The falls in consumer condence from the last quarter of 2010 until the
present day reect the ongoing political uncertainty in the country, but
fter the eerl electi i erly Q3 there ws smll pic up. The
oods in many provinces in Thailand in September had a detrimental
eect on the consumer condence index.
Surce: Clliers Itertil Thild Reserch
Surce: Bureu f Trde d Ecmic Idices, Clliers Itertil Thild Reserch
TAke up RATe of cuRRenT Supply by cATegoRy, Q3 2011
conSumeR confidence index (cci)
BAngkok RETAIL MARkET REPoRT | Q3 2011
demAnd dRiveRS focuS
8/3/2019 Bangkok Retail Market Report Q3 2011
5/10COLLIERS INTERNATIONAL | P. 5
ReTAil SAleS index by QuARTeR
RenTAl RATe duRing The yeAR Q1 2010 Q3 2011
Surce: B f Thild, Clliers Itertil Thild Reserch
Remr: Yer 2002 = 100
Surce: Clliers Itertil Thild Reserch
Sice the lst qurter f 2010 wrds the retil sles idex hs bee
higher than the last ve years due to increasing political stability and
retil develpers luchi ew mreti cmpis t bst their
centres. The oods that have been occurring in September may lead to
temprry spie i -discretiry spedi due t buyers wishi
t stc up essetil items.
The retl rtes i every re re similr frm the previus qurter,
lthuh sme ew retil cetre hve icresed their retl rte, which
has had a marginal eect on the whole market.
ReTAil SAleS
RenTAlS
BAngkok RETAIL MARkET REPoRT | Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
6/10COLLIERS INTERNATIONAL | P. 6
Supermrets i the pst re usully lcted i retil cetre, hwever
ew tred is fr supermret chi t develp std le utlets
due t limited sized ld plts bei vilble fr develpmet f cmmuity mll but with demd frm residetil res erby. My
re bei develped frm rup f ld shphuses d re fte
smller i size th usul supermrets d c fte ls be equted
with cveiece stres. I the pst, befre the dvet f the mder
retil cetre, supermrets were the ly frm f mss retil d were
therefre std le, d iriclly we re seei this situti ccur
i.
Tesc Ltus luched their w supermret frmt l time ,
which reches my res thruhut Thild. Tesc Ltus Mret still
cmmds the lrest shre f the mret fllwed by Tps Super d
Tps Mret, but this des t iclude Tesc Ltus Express which hsless th 300 squre metres per utlet with mre th 850 brches i
Thild d is direct cmpetitr with 7 Eleve.
other retil develpers ls wish fr shre f this mret. Cetrl Fd
Retil C., Ltd. hve peed my Tps Super d Tps Mret utside
retil cetres, d i dditi they ls hve peed umerus Tps
Dily utlets with cveiece stre frmt i B d up-cutry.
apprximtely hlf f Tps Super d Tps Mret re t std le
frmt, due t them bei lcted i retil cetres d the rest mstly
hil bc t the dys befre the emerece f shppi cetres.
Although Foodland opened its rst supermarket in Thailand more than
30 yers , they still ly hve 10 brches i B d re fst
lsi mret shre. Hwever recetly they pl t expd with ew
brches l with evetul listi the SET. Mx Vlu, prt f the
Jpese ae rup, pls t expd with smller size brches with
mre th te yer bei slted.
Surce: Clliers Itertil Thild Reserch
Remr : Icludi std le d iside retil cetre supermret
ShARe of numbeR of SupeRmARkeTS ThRoughouT ThAilAnd
TRendS | SupeRmARkeTS go iT Alone AgAin
BAngkok RETAIL MARkET REPoRT | Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
7/10COLLIERS INTERNATIONAL | P. 7
The icresi ld price i the urb B re l with tw
pli reultis mes lrer retil cetre develpmet less
ppeli i the cetre; isted mre lre scle retil cetres re bei
lcted i the uter city d suburb res s well s i the eihburi
prvices.
T i mret shre i the cetre, mre retilers re reduci the size
f ew develpmets with mve frm supermret t hybrid style
cveiece stre. I rder t ccmmdte fr this blurri f
distictis betwee hypermret, supermret d cveiece stre,
retailers are developing more brands to allow consumers to dierentiate
such s Mii Bi C d Tps Deli.
My residetil develpers re ls li t iterte cmmuity
mlls i their w prjects fr the cveiece f residets d thus
ehce the ppel f the residetil prperty d ls ptetilly its
vlue
My lre scle retil cetres i the uter city re pl t expd
existi retil spce, due t the icresi ppulti i the ctchmet
re. Sec Squre, Prdise Pr Phse 2, Fshi Isld, Cetrl
B, d The Mll Be ll hve pls i the wrs. The chllee
for such expansions is maintaining the right balance and conguration of
retil utlets thruhut the existi d expded cetre s whle.
foRecAST
BAngkok RETAIL MARkET REPoRT | Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
8/10COLLIERS INTERNATIONAL | P. 8
Appendix
BAngkok RETAIL MARkET REPoRT | Q3 2011
8/3/2019 Bangkok Retail Market Report Q3 2011
9/10COLLIERS INTERNATIONAL | P. 9
BAngkok RETAIL MARkET REPoRT | Q3 2011
ReTAil locATionS
ReTAil mARkeT cATegoRieS
The rized retil mret i Thild c be divided it seve mi
cteries, bsed size, chrcteristics, ds sld, d prici:
1) S ma / S ctr2) dartt Str (gures for this report include stand-alone stores
ly; thse lcted i shppi mlls re t icluded)
3) hrart
4) ct ma
5) Sat Strs
6) etrtat c (this des t iclude etertimet res i
shppi mlls, s these represet itrisic prt f the shppi mll
mix)7) Srt Rta
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.
8/3/2019 Bangkok Retail Market Report Q3 2011
10/10
BAngkok RETAIL MARkET REPoRT | Q3 2011
collieRS inTeRnATionAl ThAilAnd
mAnAgemenT TeAm
RETaIL SERVICES
ashrw Wcht | Seir Mer
oFFICE & InDUSTRIaL SERVICES
nrum Rdsirvrpht | Seir Mer
aDVISoRY SERVICES | HoSPITaLITY
Je Mrc grret | Directr
PRoJECT SaLES & MaRkETIng
Mchi orwpis | Seir Mer
RESIDEnTIaL SaLES & LEaSIng
npsw Chtephrd | Mer
aDVISoRY SERVICES
nptr Tiechutim | asscite Directr
REaL ESTaTE ManagEMEnT SERVICES
Bdid Chyitu | asscite Directr
InVESTMEnT SERVICES
nur Suwtiul | asscite Directr
Ws Rttijjuul | Seir Mer
RESEaRCH
Ty Pic | asscite DirectrSurchet kcheep | Seir Mer
VaLUaTIon & aDVISoRY SERVICES
nichls Brw | asscite Directr
Phchsu Phrmthut | asscite Directr
Stip kreemh | Seir Mer
Wid Susuw | Mer
PaTTaYa oFFICE
Mr Bwli | Seir Sles Mer
Supee Strjitsi | Seir Busiess Develpmet
Manager / Oce Manager
CoLLIERS InTERnATIonAL ThAILAnd:
Bangkok Ofce17/F Plechit Ceter,2 Suhumvit Rd, kltey,B 10110 Thild
Tel +662 656 7000
fAx +662 656 7111
emAil [email protected]
Pattaya Ofce519/4-5, Ptty Secd Rd (oppsite Cetrl FestivlPtty Bech), nprue, Blmu, Chburi 20150
Tel +6638 427 771fAx +6638 427 772
emAil [email protected]
ReSeARcheR:
ThildTy Picasscite Directr | Reserch
emAil [email protected]
ReSeARcheR:
ThildSurchet kcheepSeir Mer | Reserch
emAil [email protected]
512 oces in 61 countries 6 ctiets
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ifrmti herei shuld be directed t the Reserch Deprtmet t the umber idicted bve. This dcumet hs
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