Bangkok Retaitail Market

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


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


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.


futurE Supply

brEakdown of hiStorical occupancy ratE of rEtail SpacE by location, Q1 2010 Q1 2012

dEmand occupancy ratE


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.


4/9COLLIERS INTERNATIONAL | P. 4

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



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.



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


rEntal ratES during thE yEar Q1 2010 Q1 2012

rEntalS


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.



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





appEndix




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 [email protected]

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

2nd most recognized commercial real estate brandbay

2d arst prprty maar

1.25 bii squar ft udr maamt

ovr 12,300 prfssias

CollieRS inteRnational thailand:

Bangkok Ofce17/F Pchit Ctr,2 Suhumvit Rad, kty,Ba 10110 Thaiad

tEl +662 656 7000

fax +662 656 7111


Pattaya Ofce519/4-5, Pattaya Scd Rad (oppsit Ctra FstivaPattaya Bach), npru, Baamu, Chburi 20150

tEl +6638 427 771

fax +6638 427 772

Email [email protected] Hin Ofce27/7, Ptchaasm Rad, Hua Hi,Prachuap khiri kha 77110 Thaiad

tEl +6632 530 177

fax +6632 530 677


Accrati succss.


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Bangkok Retaitail Market