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Bangkok Retail MaRketRepoRt
thailand
.es..
Bangkok Retail Market
ExEcutivE Summary
i ws ry busss s usu r h rm sh r B s Cr Wrd ry
rd h d Q3 2010 wh h rs h cc sh cr sc s b
vb by h d 2010, xc r Z Drm sr.
Rs rs rmd sb wh sh b rcrdd h cr du h rss
ccurr hr.
arud 24,000 sq m r sc ws cmd Q3 2010 d urhr 28,000 sq m s
schdud cm Q4 2010.
Rurbshm dr sh crs s rssur hr crs rvm m
cusmr rs.
markEt indicatorS
Q2-Q3 2010
Supply
dEmand
rEntalS
occupancy
Q3 2010 | RETAIL
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BANGKOK RETAIL MARKET REPORT | Q3 2010
COLLIERS INTERNATIONAL | P. 2
rEtail locationS
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BANGKOK RETAIL MARKET REPORT | Q3 2010
rEtail markEt catEgoriES
hiStorical Supply
hiStorical Supply By yEar
cumulativE Supply in Bangkok
Surc: Crs ir thd Rsrch
Rmr : e = esmd suy
th rzd r mr thd c b dvdd sv m
crs, bsd sz, chrcrscs, ds sd, d rc.
1) Sh M / Sh Cr
2) Drm Sr (urs r hs rr cud sd srs
y, hs cd sh ms r cudd)
3) Hyrmr
4) Cmmuy M
5) Scy Srs
6) erm Cmx (hs ds cud rm rs
sh ms s hs rrs rsc r h sh m
mx)
7) Sur R
n: Fr h urss h rr r rrs rzd r
srvcs d xcuds rd s rrr us cd
shhuss d mrs css rdmy sm rdrs.
as surmrs hv b xcudd rm hs rr.
ams 24,000 sq m ws cmd Q3 2010 d rxmy
28,000 sq m. s schdud b cmd Q4 2010, hwvr sm
rjcs my b dyd du h cs h rss ar d
My.
Cr Wrd rd s drs 28 Smbr r hvy
dm by rs dur r My 19 huh sc hs b
h ubc. Cpn s h wh Cr Wrd h
d 2010 d auus 2011 r Z Drm Sr, whch ws
ms cmy dsryd.
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add suy r Q3 2010 ws rvdd by jus w r crs
wh ms cm rm th Surm Cmx cmmuy m
Sms rd h our Cy r. a umbr sm cmmuy ms
d sur r crs r schdud hr drs Q4
2010.
Sc 2007 wrds u Q3 2010, r sc h our Cy r
crsd by mr h 14% wh Suburb B nrh r
crsd mr h 36%, du wr d rcs hs zs d
h rxmy hs cs sr cusmr bs.
Surc: Crs ir thd Rsrch
Surc: Crs ir thd Rsrch
additional Supply in 2010 By QuartEr
BrEakdown of rEtail SpacE in Bangkok By location, Q3 2010
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proportion of rEtail SpacE in Bangkok By location
COLLIERS INTERNATIONAL | P. 5
Surc: Crs ir thd Rsrch
R dvrs r ry dv r rjcs csr hr
cchm rs, s ms h h r sc B r
s cd h suburb B r, s ms rsd r r
suburb B. as chr d vb d ws r rr
sc sh crs d hyrmrs. Suburb B nrh
r shwd rd rwh 2008 d 2009 wh crs rud
35% rm 2007. Cr Chw, Fuur pr Rs, Crys
Ds Cr d esd 2 rvdd h bu hs crs.
Crrur, h Frch hyrmr ch, hs sd bc rm
thd, Sr d Mys, d hy s bds r hr
rrs. Crrur hd 44 srs thd d h s by h
d 2010. Cr gru d Br Jucr r h rm bddrs
r ptt whdrw. i Cr ru w h bdd hy my cs
sm srs h sm c s B C whch hy r w. i Br
Jucr, r h tCC gru, w h uc hy h
srs d rv hm.
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th uur suy schdud b cmd 2012 s rxmy
355,000 sq m d mr h 28,000 sq s xcd b cmd
Q4 2010, wh rxmy 15,800 sq m s cmmuy ms.
th our Cy r s rms h ms ur c r r. i
Q4 2011 Cr Rm 9 Rchds Rm 9 irsc s
schdud b cmd wh r rxmy 120,000 sqm, crs h suy sh ms.
asd Cr Rm 9 hr r rjcs r udr dvm,
such s gwy em, JJ Cr d th n.
trm 21 by ld & Huss ws schdud b cmd 2011
d w dd mr h 35,000 sq m sh m sc h Cy
r. th w BtS xs o nu Br, d cmmc
cmmrc rs x yr w bs u rsd rjcs h
r h , s r dvrs r y y hs
c.
prds pr d s drs Q2 2010 r vrhu d
rm rm h r Sr Cr. Fuur pr Rs s
rud 1 b bh d 3 yrs r rv b cmd
ocbr 2009. Fsh isd s s h rcss rv d sd b cmd 2011. Cpn s rvm Cr ldr
b Fbrury x yr r Cr Wrd s 100% cmd
h d hs yr. ohr Cpn crs r d b rvd
h uur. i h cr Sm Dscvry s b ry rurbshd
d w cud Mdm tussuds, rmr wrdwd urs rc
h w urhr hc Rm i s h rmr sh d
rm r B.
Fuur pr B csd s cr auus 2010 r rv
r Sc Dvm pc. Buh h rry rm th ass
Mm Crr (taMC) h scd qurr hs yr. th
cmy ms cm rv wh ry x yr, r h
rv h cr my b w m hs r, s h ur
hm r Y Y ld Sc Squr w s b cd hs
cr.
Surc: Crs ir thd Rsrch
BrEakdown of futurE Supply in Bangkok By yEar and catEgory, Q3 2010
futurE Supply
rEfurBiShmEnt of ExiSting rEtail cEntrES
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dEmand takE up
COLLIERS INTERNATIONAL | P. 7
Surc: Crs ir thd Rsrch
Surc: Crs ir thd Rsrch
BrEakdown of hiStorical takE up ratE of rEtail SpacE By location, 2000 Q3 2010
takE up ratE of currEnt Supply By catEgory, Q3 2010
Sm dcrss wr rsrd zs q/q. th Cy d our
Cy rs rud -0.6% wh h Suburb r -0.4% ws
rcrdd. ths s y b c h rubs Q2 2010.
t u r crs, xc sur r, s mr h 95%.
Sur r cmmds y 85% d c b xd by h
rc cusm rm wrrs h cs h r cm
surs. lw vs c ccucy vr h s w yrs ccu
r hs s hs ms ss us h us. i sm sus
h mu sc r sur r s r r h c sc
d sm cvr c sc r r crs.
BANGKOK RETAIL MARKET REPORT | Q3 2010
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t u rs r r Q3 2010 q/q xc r h Suburb
B - Ws d nrh rs y whch crsd rm Q2 by
b 0.1%. i h uur hs w rs w b h cus
du h mu rsd dvm c.
th s csumr cdc rm 2003 u h rs dy rfc
h c ucry h cury, vrus hh ubrs
such s brd fu d h cmc dwur h ccurrd h d
h dcd. Wh cdc b susd uwrd h
h wr rd 09/10, hs ws svry dd w h
rss ar d My. Hwvr Q3 wssd rur h
crs rd.
Surc : Crs ir thd Rsrch
takE up ratE of currEnt Supply By location, Q1 Q3 2010
conSumEr confidEncE indEx (cci)
Surc : Buru trd d ecmc idcs, Crs ir thd Rsrch
BANGKOK RETAIL MARKET REPORT | Q3 2010
dEmand drivErS focuS
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rEtail SalES
domEStic crEdit card uSagE volumE
Surc : B thd, Crs ir thd Rsrch
Surc : B thd, Crs ir thd Rsrch
th rss h rvus qurr hd mcd h r mr bu
Q3 2010 h vr r sd rurd d hs shws
msm r h uur.
Crd crd us vr h s v yrs hs crsd mr h 198%
d hs crds r usd rzd r crs. th rc
umbrs dc sd dur h rss d c u
Q3 2010.
COLLIERS INTERNATIONAL | P. 9
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trEndS
rEntalS
Surc: R d Shr trds as pcc 2010, th ns Cmy
Surc: Crs ir thd Rsrch
thd rs hh wh cms sh hyrmrs. th
y s y b h hs crs r y h ruy
sc u r h w bu s r wh r srvcs d
rsmb sh crs sm wys, v smms cud
br d curs. Hyrmrs my sss dub u s
cmmuy ms rvd my rm cs r h c
cmmuy.
th r rs vry r s rms h sm rm h s qurr,
huh h Cy r whch ws cd by h rs vc,
dcrs 2% ws rsrd r Q3 rhs s sur s
hs c.
pErcEntagE of urBan ShoppErS uSing hypErmarkEtS rEgularly
rEntal ratE
BANGKOK RETAIL MARKET REPORT | Q3 2010
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forEcaSt
COLLIERS INTERNATIONAL | P. 11
as Q4 bs h r xrc h cr hs ry rurd
s rvus rc mshr s shrs r h ccs
bmb, scury chcs d s vsb dm rm h vs My 19.
as Chrsms d nw Yr rchs Q4 rmss b hr
bumr rd r h r dusry.
Wh h uur sus Crrurs xs srs s h bc
h w bd w hv c h hyrmr srucur. as
h d Q3, w yrs rm h rc. o s Cr gru
whch s y rduc s ry wd B C sursr curr
Crrur cs r curry h vcy. Fr cs
whr B C s rdy cm cmmry r/
rm cr s y b rducd. th hr bddr, Br
Jucr, s curry vvd drcy r d s hrr
xcd d xrcd r rr rbby wh thd
bu r rr c b dscud.
Sm crs hv cmd rv, r h rcss r r hs. as cr udrs hs s, hs us rssur
hburhd crs d ws, rduc swb c,
huh h dcs s s bsd succssu xs
shd crc r hr 30 yrs hus jusy h xs
vvd.
BANGKOK RETAIL MARKET REPORT | Q3 2010
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colliErS intErnational thailand
managEmEnt tEam
pRoJeCt SaleS & MaRketing
Ws Rjjuu | Mr
aDViSoRY SeRViCeS
nr tchum | Mr
oFFiCe, inDUStRial & Retail SeRViCeS
nrum Rdsrvrh | Sr Mr
Real eState ManageMent SeRViCeS
Bdd Chyu | assc Drcr
aDViSoRY SeRViCeS | HoSpitalitY
J Mrc grr | Drcr
inVeStMent SeRViCeSnur Suwu | Sr Mr
ReSiDential SaleS & leaSing
pm Jr | M Drcr
ReSeaRCH
ay pc | Sr Mr
Surch kch | Mr
ValUation & aDViSoRY SeRViCeS
nchs Brw | assc Drcr
phchsu phrmhu | Mr
pattaYa oFFiCe
Mr Bw | Ss Mr
Su Srjs | Busss Dvm Mr
COLLIERS INTERNATIONAL ThAILANd:
Bangkok Ofce17/F pch Cr,2 Suhumv Rd, ky,B 10110 thd
tEl +662 656 7000
fax +662 656 7111
Email [email protected]
Pattaya Ofce519/4-5, py Scd Rd (os Cr Fsvpy Bch), nru, Bmu, Chbur 20150
tEl +6638 427 771fax +6638 427 772
Email [email protected]
rESEarchEr:
thday pcSr Mr | Rsrch
Email [email protected]
rESEarchEr:
thdSurch kchMr | Rsrch
Email [email protected]
480 cs 61 curs 6 cs
th hrd rs cmmrcr s srvcs cmy h wrd
th scd ms rcsdcmmrc r s brdby
US$2 b u rvu
ovr 2 b squr udrmm
ovr 15,000 rsss
ths rr d hr rsrch mrs my b ud ur wbs www.crs.c.h. Quss rd
rm hr shud b drcd h Rsrch Drm h umbr dcd bv. ths dcum hs
b rrd by Crs ir r dvrs d r rm y. Crs ir ms
urs, rrss r wrrs y d, xrssd r md, rrd h rm cud, bu
md , wrrs c, ccurcy d rby. ay rsd ry shud udr hr w
qurs s h ccurcy h rm. Crs ir xcuds uquvcy rrd r md
rms, cds d wrrs rs u hs dcum d xcuds by r ss d dms rs
hr rm. Crs ir s wrdwd ddy wd d rd cms.
accr succss.
BANGKOK RETAIL MARKET REPORT | Q3 2010
Ud Ss: 135
Cd: 39l amrc: 17
as pcc: 194
eMea: 95