Bangkok

BangkokBangkok is the capital of Thailand and is by a long way the most densely populated city with over 10 million people. It is not only the political, social and economic centre of Thailand, but it also plays a leading role in trade, commerce, culture, the arts, education, healthcare and transport for the whole region. Tourism is a significant contributor to Thailand’s economy, and Bangkok is Thailand’s principal international gateway plus a destination in its own right.

After a long while since Siam Paragon opened in 2006, followed by big renovation in most of the shopping malls, in 2015, 2 Luxury shopping malls have been lauched on Pleonchit Road and Sukhumvit Road. The retail market in Bangkok has been highly competitive, especially in prime areas, vacancy rate is lower than 5% and rental rate is increasing significantly while tenants have been lining up for available space. Food and Beverage is the most increasing in demand thanks to social media, such as Facebook and Instagram, as many international and local brands enter the market by its popularity. However, to survive in business and reflect to the real demand, flexibility of menu and price are needed.

In addition to the ASEAN Economic Community coming into effect in late 2015, developers are focusing on new developments in community malls and shopping malls, most of which are in Bangkok’s sub-urban area, which suits the neighborhood’s up and coming shoppers. 

 

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Rajprasong intersection: 13.745221, 100.540266
SUKHUMVIT : 13.738528, 100.561450
Yoawaraj : 13.740886, 100.507221
Pratunam: 13.750130, 100.542186
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Rajprasong intersection

The Rajprasong intersection is the center of all luxury brands which are gathering in this location. It is claimed to be retail’s most prime location. The newly renovated Central World Plaza and Siam Paragon Shopping Centre are located in the area, together with many other shopping malls and hotels.
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SUKHUMVIT

Sukhumvit Road is one of Bangkok's best known shopping streets and is easily accessible thanks to the BTS (Skytrain). Sukhumvit Road is not only one of the longest roads in Thailand, but one of the longest roads in the world. Sukhumvit is defined as Bangkok’s international retail and residential area particularly for Japanese expatriates. It combines premium office buildings, residential, international school, etc. It is also home to Emporium and a number of other shopping malls and department stores.
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Pratunam

Pratunam is one of Bangkok’s major markets, and is reportedly Thailand’s largest clothing market. The market comprises retail stores and outdoor stalls, the latter of which are aimed at tourists.
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Yoawaraj

Yaowaraj is Bangkok’s Chinatown. It is the center of gold trading and one of the most famous for variety of street foods at night. There are many small streets and alleys full of shops and vendors selling all types of goods.

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Siam Paragon: 13.746830, 100.534928
Emporium: 13.729998, 100.568904
Central World: 13.747408, 100.540244
Central Embassy: 13.744038, 100.546722
EmQuartier: 13.731327, 100.569124
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Emporium

Emporium is located in Sukhumvit area and connects to BTS Prompong station, newly renovated, it hosts most of the famous luxury brands. It is one of the District EM; District EM contains 3 shopping malls on Sukhumvit Road; Emporium, Emquartier and Emshere (due late 2017). Emporium serves locals, tourists and expats (most are Japanese). It has a wew cinema named Emprivé Cineclub, which serves audiences with leather seats, blankets and high technology of screening.
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Central World

Central World is located in Rajprasong area and connects to sky walk from BTS Siam station. It is the biggest shopping mall in Bangkok and Thailand. With lots of shopping mall space, it combines many tenants from various categories. It contains mostly trendy fashion brands, 2 department stores and a rink.
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Central Embassy

Central Embassy is a new super luxury shopping mall in Bangkok, located on Pleonchit Road and connected to sky walk from BTS Chitlom Station. It contains high-end luxury brands at 90% of its area.
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EmQuartier

Emquartier is the newest shopping mall located opposite Emporium on Sukhumvit Road and it is one of The Em District shopping malls. The combination of high-end and lifestyle brands attracts shoppers to visit and it is the talk of the town shopping mall recently.
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Siam Paragon

Siam Paragon is located in Rajprasong area and connects to BTS Siam station, it hosts many luxury fashion and life style brands. The most attractive is Bangkok Sea Life Ocean World, the biggest underground aquarium in South East Aisa. With area of 10,000 sqm. and hundreds of different species on display in exhibits totaling about 5,000,000 liters. Moreover, Siam Paragon contains a department store, cinemas and famous restaurants.

SHOPPING CENTER TO WATCH OUT FOR
Center Nameriverside shopping mall
Total Size There will be a new entry department store as anchor tenant from Japanese named “Takashimaya Department Store” with an area of 36,000 sqm.
- Retail GLA-
Leisure/Entertainment GLA-
Opening Date
Consumer Profile
Anchor TenantsIt is a mega project located by Chao Praya river with lots of 5-star hotels nearby. With mix use of luxury residential, luxury shopping mall and riverfront concept, it is expected to be a new destination for Bangkok tourists and shoppers.

MARKET OVERVIEW
KEY AREAS / STREETS/SHOPPING CENTERSCONSUMER PROFILEMAJOR RETAILERS PRESENTNEW ENTRANTSTYPICAL RENT FOR UNIT OF 200 SQMRANGE OF UNIT SIZES
Rajprasong/Siam Paragon Shopping CentreTourists, Local shoppersUniqlo, H&M, Aigner, Balenciaga, Boss Hugo Boss, Burberry, Canali, LOUIS VUITTON, Hermes, Chanel, Versace, Cartier, Coach, Chloe, Dolce&Gabbana, Ermenegildo Zegna, Giorgio Armani, Jimmy Choo, Kenzo, LONGCHAMP, Marc Jacobs, Mulberry, Paul Smith, YSL, Loewe, Emilio Pucci, Christian Dior, Tod’s, Bvlgari, Pendulum, Montblanc, PannaraiUDS 109.37-118.75/SQM/Month 200SQM = USD 23,750/Month50SQM - 500SQM
Rajprasong/Central World Shopping CentreTourists, Local Shoppers, Teenagers, FamiliesUniqlo, Zara, Forever 21, Esprit, GAP, NEXT, G2000, Guess, Folli Folli, KATE SPADE, Kwanpen, Mango, Mark & Spencer, Massimo Dutti, Swarovski, WallisUDS 100.05-109.37/SQM/Month 200SQM = USD 21,874/Month50SQM-300SQM
Sukhumvit/ EmporiumTourists, Expatriates, Local Shoppers, FamiliesTiffany & Co., Chanel, LOUIS VUITTON, Christian Dior, Fendi, Hermes, Kenzo, Salvatore Ferragamo, Gucci, Cartier, Prada, Paul Smith, Tod’s, Bally, La Perla, Ungaro, Ck Calvin Klein, AIX Armani Exchange, Zara, Uniqlo, H&MTiffany & Co.UDS 109.37-118.75/SQM/Month 200SQM = USD 23,750/Month50SQM - 500SQM

Data as of April 2015

Bangkok is a paradise city for the food and beverage sector, where there is 24/7 food service everywhere and especially for the local market.

A continually popular trend of Korean and Japanese food is driving the expansion of F&B spaces in most of the shopping malls. Most of the new entries are Japanese restaurants, especially in sushi categories. Many sushi bars such as Ginza sushi Ichi, Mugendai, Karatama Robatayaki, etc. have been increasing in numbers with high competition in the market recently. Unlike other types of restaurant, they do not need to be in shopping mall, they can be a stand alone restaurant with good Public Relation and attractive promotion, with their seats packed. Dessert and Ice Cream shops are also expanding. Unlike Japanese restaurants, brands like Harrods Tea Room, TWG, Pierre Herme etc. need to be located in prime shopping malls to attract shoppers to visit and try their treats. Even though new restaurants and fancy shops are packed, surviving in a highly competitive market requires flexibility and understanding customers are the most important asset for the operator.

MARKET OVERVIEW
KEY AREASCONSUMER PROFILEFOOD & BEVERAGE OPERATOR INCLUDINGRENT FOR 350 SQM UNIT
Rajprasong/Siam Paragon Shopping Centre Tourists, Local Shoppers, Teenagers, FamiliesOotoya, Fuji, Dean&Deluca, Tony Roma’s, MK, Four Season, Honmono USD 21,875 per Month
Rajprasong/Central World Tourists, Local Shoppers, Teenagers, FamiliesSizzler, Ootoya, Bonchon, MOS Burger, Oishi Group, Zen, Din Tai FongUSD 19,687 per Month
SukhumvitTourists, Local Shoppers, Teenagers, FamiliesFuji, AOI, BBQ Plaza, Duke’s, Ootoya, HonmonoUSD 21,875 per Month

Data as of April 2015


Bangkok Contacts

TEERAWIT LIMTHONGSAKUL

Executive Director
Nexus Property Consultants Co., Ltd.
31st Floor, Bangkok Insurance Building/Y.M.C.A
25 South Sathorn Road, Thungmahamek
Sathorn, Bangkok 10120, Thailand
Tel: +662 286 8899
Mob: +6681 803 8841