The retail market in Bangkok remained stable in the first quarter of 2010 due to growing consumer confidence, though political uncertainty had an adverse effect. Only one new retail outlet was added - a community mall in Sukhumvit. Retail is downsizing in Bangkok with community malls and convenience stores becoming more common. Shopping malls still dominate the market, and new large retail projects in the city center will be limited by impending legislation. Key businesses are expanding smaller store formats throughout Thailand. The future for new developments in urban Bangkok will consist of more community malls and smaller express stores rather than larger shopping malls or hypermarkets.
Supply growth slowing q/q for Q1 2011 with just around 14,180 sq m being completed, all being community malls.
Rentals rates escalated q/q by around 4% and take up increased by approximately 1% for the same period. Consumer confidence and spending over the past year are positively affecting the retail sector as a whole.
The trend is not only the development of new retail centres but the renovation of older buildings with outdated retail designs and mix. This flight to the top can only be of benefit to customers and the sector as a whole.
Over the last 20 years, India’s retail sector has been witness to a tectonic shift. From an unorganized market, primarily ruled by Kirana shops, it now boasts of large multi-formats that offer global experiences to local consumers. Tier 1 cities have been the first to benefit from the boom of organized retail. Rising interest of reputed national developers, growth of premium high streets and entry of foreign brands have made the marketplace exciting for consumers. And this trend has gradually permeated across TierII & III cities on account of the rising demand from an evolving consumer base. This consumer is also demanding a high quality shopping experience, similar to his metro counterpart.
Retail Cities: Asia Pacific’s Dynamic Food and Beverage Scene JLL
Asia Pacific’s diverse and vibrant F&B culture shows no sign of slowing with a strong outlook for the sector. In this issue we explore how International and homegrown retailers are responding to consumers new dining desires. This issue highlights sweet treats in Hong Kong, healthy choices in Singapore, celebrity chefs in Indonesia, coffee in South Korea and CBD living in Auckland. For more Asia Pacific Retail stories visit http://www.joneslanglasallesites.com/ap-retail-cities/
Market Research Report : Convenience Store Market in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The market will be boosted by the rising income levels coupled with changing lifestyle, resulting in increased demand for convenience shopping.
The report begins with an introduction section, comprising of the description of convenience stores along with the significant focus areas for the development of the domestic convenience store market. The next section provides the global outlook of the convenience store market, mentioning the growth of convenience stores in Japan and the United States. The market overview section begins with the retail industry overview in India, including the market size and growth of the retail sector with distinct share of organized and traditional retail. It also provides a brief idea about the retail supply chain and mentions the ways in which modern retail supply chain is leading to cost reduction. This section also includes the various organized retail formats, providing a brief description and few examples of each format. This is followed by the Convenience store market in India, providing details on the domestic organized convenience store market size in terms of market value and its growth. It also mentions the necessary factors for the success of the convenience stores. Another detailed illustration about the changing shopping trend has been included. Further, the report provides a description of the major segments which attracts consumer spending and their share in the overall retail sector. Food and groceries has always been the most frequently purchased and largest selling segment in the Indian retail sector.
The Convenience Store Market in India is part of Netscribes’ Consumer Goods Industry Series reports. The market will be boosted by the rising income levels coupled with changing lifestyle, resulting in increased demand for convenience shopping.
The report begins with an introduction section, comprising of the description of convenience stores along with the significant focus areas for the development of the domestic convenience store market. The next section provides the global outlook of the convenience store market, mentioning the growth of convenience stores in Japan and the United States. The market overview section begins with the retail industry overview in India, including the market size and growth of the retail sector with distinct share of organized and traditional retail. It also provides a brief idea about the retail supply chain and mentions the ways in which modern retail supply chain is leading to cost reduction. This section also includes the various organized retail formats, providing a brief description and few examples of each format. This is followed by the Convenience store market in India, providing details on the domestic organized convenience store market size in terms of market value and its growth. It also mentions the necessary factors for the success of the convenience stores. Another
Thailand Retail Market | The New Hype On Community MallCanvassco
Community malls or lifestyle malls have become one of the most prominent projects for real estate developers since 2008. Community malls have gained popularity due to lifestyle changes of modern day Thais who demand greater convenience. While Bangkok city is notorious for its high traffic, Community malls have gained popularity because modern day Thais prefer easy living, quicker and easier physical access to dining and shopping, and easy-to-find parking spaces. It is no surprise that these malls have become the first choice as a hangout place.
Supply growth slowing q/q for Q1 2011 with just around 14,180 sq m being completed, all being community malls.
Rentals rates escalated q/q by around 4% and take up increased by approximately 1% for the same period. Consumer confidence and spending over the past year are positively affecting the retail sector as a whole.
The trend is not only the development of new retail centres but the renovation of older buildings with outdated retail designs and mix. This flight to the top can only be of benefit to customers and the sector as a whole.
Over the last 20 years, India’s retail sector has been witness to a tectonic shift. From an unorganized market, primarily ruled by Kirana shops, it now boasts of large multi-formats that offer global experiences to local consumers. Tier 1 cities have been the first to benefit from the boom of organized retail. Rising interest of reputed national developers, growth of premium high streets and entry of foreign brands have made the marketplace exciting for consumers. And this trend has gradually permeated across TierII & III cities on account of the rising demand from an evolving consumer base. This consumer is also demanding a high quality shopping experience, similar to his metro counterpart.
Retail Cities: Asia Pacific’s Dynamic Food and Beverage Scene JLL
Asia Pacific’s diverse and vibrant F&B culture shows no sign of slowing with a strong outlook for the sector. In this issue we explore how International and homegrown retailers are responding to consumers new dining desires. This issue highlights sweet treats in Hong Kong, healthy choices in Singapore, celebrity chefs in Indonesia, coffee in South Korea and CBD living in Auckland. For more Asia Pacific Retail stories visit http://www.joneslanglasallesites.com/ap-retail-cities/
Market Research Report : Convenience Store Market in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The market will be boosted by the rising income levels coupled with changing lifestyle, resulting in increased demand for convenience shopping.
The report begins with an introduction section, comprising of the description of convenience stores along with the significant focus areas for the development of the domestic convenience store market. The next section provides the global outlook of the convenience store market, mentioning the growth of convenience stores in Japan and the United States. The market overview section begins with the retail industry overview in India, including the market size and growth of the retail sector with distinct share of organized and traditional retail. It also provides a brief idea about the retail supply chain and mentions the ways in which modern retail supply chain is leading to cost reduction. This section also includes the various organized retail formats, providing a brief description and few examples of each format. This is followed by the Convenience store market in India, providing details on the domestic organized convenience store market size in terms of market value and its growth. It also mentions the necessary factors for the success of the convenience stores. Another detailed illustration about the changing shopping trend has been included. Further, the report provides a description of the major segments which attracts consumer spending and their share in the overall retail sector. Food and groceries has always been the most frequently purchased and largest selling segment in the Indian retail sector.
The Convenience Store Market in India is part of Netscribes’ Consumer Goods Industry Series reports. The market will be boosted by the rising income levels coupled with changing lifestyle, resulting in increased demand for convenience shopping.
The report begins with an introduction section, comprising of the description of convenience stores along with the significant focus areas for the development of the domestic convenience store market. The next section provides the global outlook of the convenience store market, mentioning the growth of convenience stores in Japan and the United States. The market overview section begins with the retail industry overview in India, including the market size and growth of the retail sector with distinct share of organized and traditional retail. It also provides a brief idea about the retail supply chain and mentions the ways in which modern retail supply chain is leading to cost reduction. This section also includes the various organized retail formats, providing a brief description and few examples of each format. This is followed by the Convenience store market in India, providing details on the domestic organized convenience store market size in terms of market value and its growth. It also mentions the necessary factors for the success of the convenience stores. Another
Thailand Retail Market | The New Hype On Community MallCanvassco
Community malls or lifestyle malls have become one of the most prominent projects for real estate developers since 2008. Community malls have gained popularity due to lifestyle changes of modern day Thais who demand greater convenience. While Bangkok city is notorious for its high traffic, Community malls have gained popularity because modern day Thais prefer easy living, quicker and easier physical access to dining and shopping, and easy-to-find parking spaces. It is no surprise that these malls have become the first choice as a hangout place.
The retail sector continues to evolve rapidly, as a multitude of factors contribute to the decline of some retailers yet the success of others. In order to create a more balanced view of where the retail market is heading, this report looks at the overall growth trends in retail and consumption across Europe and explores some myths on the threat of e-commerce in particular.
The Changing Composition of Singaporean Shopping Centres, 2009-2014: a prel...University of Stirling
Paper on changes to shopping centres in Singapore presented to the American Association of Geographers (AAG) Annual Conference, San Francisco, March 2016
With the emergence of supermarkets, kirana stores have been depleting day by day. Government is in the grave situation to decide whether to allow 50% FDI or not in the retail sector. There are certain retail outlets such as Walmart, Metro which are better in quality, cheaper in rates, and offering a range and variety of products under one roof. These malls have entered in India but they are into cash and carry business only and not in the multi brand retail sector. Many of them have entered through joint ventures. If government allow them to enter in India, it can be said that all the small shops and kirana stores will not be able to stand in the market. They cannot compete with them. Now the question arise how the kirana stores can be saved from these big giants in the market. It is the need of the hour today to save these kirana stores because in a developing country like India where the income of an average man is low, such types of small business can make them able to earn their living. The present research is an attempt to find out the weaknesses of kirana stores as compared to the malls and to find out the solutions for the betterment of the stores. The research is conducted on various kirana stores in Punjab. The study identifies the problems being faced by kirana merchants such as recovery of credit, inventory management, goodwill in terms of quality, low space, and lack of variety etc. But during the research it has been found out that there are certain areas where these kirana stores have an edge over the market such as emotional attachment with the customer, to fulfil the timely need of credit of the customer, easy availability etc. It is concluded that both kirana stores and malls are important to the Indian economy. FDI is important for the growth of the economy but it should come for the rescue of the existing business and not as a threat. Secondly government intervention is seeked to make improvements in the functioning of the kirana stores. If kirana stores starts using their strategic advantages to the optimum level, they can make can make their existence strong in the market.
The retail sector continues to evolve rapidly, as a multitude of factors contribute to the decline of some retailers yet the success of others. In order to create a more balanced view of where the retail market is heading, this report looks at the overall growth trends in retail and consumption across Europe and explores some myths on the threat of e-commerce in particular.
The Changing Composition of Singaporean Shopping Centres, 2009-2014: a prel...University of Stirling
Paper on changes to shopping centres in Singapore presented to the American Association of Geographers (AAG) Annual Conference, San Francisco, March 2016
With the emergence of supermarkets, kirana stores have been depleting day by day. Government is in the grave situation to decide whether to allow 50% FDI or not in the retail sector. There are certain retail outlets such as Walmart, Metro which are better in quality, cheaper in rates, and offering a range and variety of products under one roof. These malls have entered in India but they are into cash and carry business only and not in the multi brand retail sector. Many of them have entered through joint ventures. If government allow them to enter in India, it can be said that all the small shops and kirana stores will not be able to stand in the market. They cannot compete with them. Now the question arise how the kirana stores can be saved from these big giants in the market. It is the need of the hour today to save these kirana stores because in a developing country like India where the income of an average man is low, such types of small business can make them able to earn their living. The present research is an attempt to find out the weaknesses of kirana stores as compared to the malls and to find out the solutions for the betterment of the stores. The research is conducted on various kirana stores in Punjab. The study identifies the problems being faced by kirana merchants such as recovery of credit, inventory management, goodwill in terms of quality, low space, and lack of variety etc. But during the research it has been found out that there are certain areas where these kirana stores have an edge over the market such as emotional attachment with the customer, to fulfil the timely need of credit of the customer, easy availability etc. It is concluded that both kirana stores and malls are important to the Indian economy. FDI is important for the growth of the economy but it should come for the rescue of the existing business and not as a threat. Secondly government intervention is seeked to make improvements in the functioning of the kirana stores. If kirana stores starts using their strategic advantages to the optimum level, they can make can make their existence strong in the market.
Highlights:
The metrics for the office market in Q2 2011 remained almost the same as for Q1 2011
A more positive trajectory for the office market could be in store for the future if the political situation is perceived as being more stable.
Around 100,000 sq m of office space is set to hit the CBD market in H2 2011.
Initial strains expected from new supply in 2011 but a limited amount in the next few years will lead to hardening of occupancy and rental rates.
The ASEAN Economic Area comes closer to fruition in 2015 and the service sector can benefit from this.
Greek fiscal problems and contagion from other European countries remain a concern going forward.
Bangkok contains the most office supply for any city in the ASEAN area.
Hotels showed signs of recovery after a very problematic 2010 with occupancy rates higher in Q1 2011 than the previous quarter. Rates in Q1 2011 are comparable to those registered in Q1 2010.
The trend is still for hotels, especially in Luxury segment, to drive rates down in order to compete and this looks set to continue. A "risk discount" seems to be being applied in the case of hotels in areas deemed prone to further political strife.
Middle Eastern, Indian and Chinese visitors continue to be a growing presence in the Bangkok tourism industry especially during the low season. However traditional tourist markets, the mainstay of the Upper/Luxury segment (ULS), have begun to return to the city. The effect of the reduction in long term bookings after events last April and May appears to be abating.
Future supply in 2011 and 2012 will further test hotels’ ability to fill their rooms. Only continued strong growth in tourism can mitigate this situation. There will be no respite for the industry for some time to come.
New launches in Q1 2011 fell to a more sustainable level following the frenetic previous six months. Concerns of an overheating property market have been allayed as a result. The condominium market has begun the process of consolidation.
Within urban Bangkok, the Northern and Southern fringes led the way in new launches with around 15% each for the total of the whole of Bangkok. The Suburban area accounted for around 56% of the total.
Around 3,500 units were supplied in Q1 2011, a slight decrease q/q. For the past two years, quarterly additions to new supply have been remarkably stable.
The earthquake in Chiang Mai in March 2011 caused many potential buyers to pay attention to the resilience of buildings to damage from such events. More may be required to address these concerns although Bangkok is far from areas prone to serious seismic activity.
The serviced apartment sector continued to show further signs of recovery from the lows of Q2 2010. Overall rental rates and occupancy were up q/q.
It appears that the lingering effects of the April/May events of 2010 which directly impacted areas seems to be dissipating rapidly with Central Lumpini and Central CBD recording very positive figures for Q1 2011.
However this is no time for complacency as the sector faces another significant infusion of supply over the course of the year that will put pressure on the gains made over the past six months.
The earthquake and tsunami in Japan may have a small short term negative influence, however in the longer term expected increased Japanese investment into Thailand will also positively affect the serviced apartment sector.
Just over 4,700 units were supplied in Pattaya for 2010 representing a nearly 12 % increase from
2009. This was the greatest addition to supply since 1997.
New launches for 2010 amounted to just over 3,420 units. With take up and prices remaining
stable it would appear that future growth in condominium developments is running in tandem with
the growing popularity of the city as a residential resort area.
Pratumnak will be the new darling of the city as developers focus on the natural attraction of
Pratumnak hill with its position overlooking the city and access to Cosy Beach. Over 650 units
were launched in this area in the second half of 2010.
Many local developers are now firmly established in the city along with involvement from a number
of listed developers. Pattaya city is appearing on the radar screen for other Bangkok based
developers as the city turns into a world class destination and future commercial centre.
2010 was a difficult year for the hotel industry in Bangkok and 2011 promises more of the same for the Upper and Luxury segment. Find out more in this report.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
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One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
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Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
One20 North Vancouver Floor Plans by Three Shores Development.
Bangkok retail market q1 2010
1. c o l l i e R s i n T e R n aT i o n a l | THailanD
The Knowledge Report
B a n g Ko K R e Ta i l M a R K e T | 1 s T Q U a RT e R | 2010
executive summary
The retail market remained stable for Q1 2010 due to growing consumer confidence but was
adversely affected by protracted political uncertainty.
Only one new retail outlet was added to supply in Q1 2010 in the form of a community mall located
MaRKeT inDicaToRs
in Sukhumvit.
2009 - Q1 2010 Retail is downsizing in Bangkok due to a number of factors. Community malls and convenience
stores are becoming a ubiquitous part of the city. But shopping malls still dominate the market.
sUPPlY New mass retail development in the centre will be limited due to impending legislation that is
expected to curtail new large scale retail projects in the centre. The intention is to protect non mass
DeManD retail outlets. Key hypermarket businesses, notably Tesco Lotus and Carrefour, are further expanding
their smaller supermarket and convenience store brands throughout Thailand.
RenTals The future for new retail developments in urban Bangkok will consist of further downsizing in
terms of community malls instead of larger shopping malls and smaller express stores rather than
occUPancY hypermarkets. This ironically will lead to greater head-on competition with traditional stores
and the large scale players have the advantage of greater pricing power and more sophisticated
logistics.
www.colliers.co.th
2. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
ReTail locaTions
2 collieRs inTeRnaTional
3. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
ReTail MaRKeT caTegoRies
The organized retail market in Thailand can be divided into Note: For the purposes of the report retail refers to organized
seven main categories, based on size, characteristics, goods sold, retail services and excludes traditional single proprietor outlets
and pricing. often located in shophouses and markets consisting of predomi-
nantly small traders. Also supermarkets have been excluded from
1) Shopping Mall / Shopping Centre this report.
2) Department Store (figures for this report include
stand alone stores only, those located in shopping For more information regarding retail zoning and market catego-
malls are not included) ries please contact Colliers International Thailand Research.
3) Hypermarket
4) Community Mall
5) Specialty Stores
6) Entertainment Complex (this does not include
entertainment areas in shopping malls as these
represent an intrinsic part of the shopping mall
mix)
7) Supporting Retail
HisToRical sUPPlY
sUPPlY of ReTail sPace in BangKoK BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Shopping malls consist of the majority of retail space in In fact the only addition to overall supply in Q1 2010 was in the
Bangkok. Apart from these the only significant movement over form of “K Village” with 7,891 sq m which had its official grand
the past few years has been the development of community malls. opening on 26 March 2010 and is located on Sukhumvit soi 26.
collieRs inTeRnaTional 3
4. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
BReaKDown of ReTail sPace in BangKoK BY caTegoRY, Q1 2010 exclUDing sHoPPing Malls
Source : Colliers International Thailand Research
The development of community malls can be traced to a there has been an over 70% growth in community mall space
number of factors; the move away from large scale retail centres, and they are now becoming an intrinsic part of the lives of many
an oil price surge that led to a focus for reduced car usage and the people in Bangkok.
development of new residential projects that facilitated a need
for smaller retail centres serving these residents. Since 2007
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5. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
sUPPlY BY Zone
City AreA :
BReaKDown of ReTail sPace in ciTY aRea BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Shopping malls dominate the City area as this is the commer- The new retail legislation will likely curtail new developments
cial hub of Bangkok and most have very strong brand identities. to just 300 metres floor space. Therefore the retail landscape will
The centre, especially in the Siam area, has come to be defined remain largely unchanged for the foreseeable future. While on
by the retail experience provided by shopping malls, therefore the surface this may seem negative it will provide the opportu-
the predominance of such malls has become self sustaining. nity for retailers to become more innovative with the design and
Siam Paragon and Centralworld are the two largest in terms of configuration of their existing mall space. Retailing offers more
leasable space. Supporting retail takes up a significant proportion flexibility than other property sectors in this regard.
due to the large number of office buildings located in the CBD.
collieRs inTeRnaTional 5
6. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
Outer City AreA :
BReaKDown of ReTail sPace in oUTeR ciTY aRea BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
The Outer City area contains a more diverse base of outlets than opment of stand alone department stores and community malls
the City area. Cheaper land prices allow hypermarkets to spring filling the void. Many of the malls range from 40,000-60,000
up which require significant car parking space due to volume sq m but none are of the size of the largest malls in the City
purchases. While shopping malls are ubiquitous in the centre, area.
their greater scarcity in the Outer City opens the way for devel-
SuburbAn bAngkOk - eASt AreA :
BReaKDown of ReTail sPace in sUBURBan BangKoK - easT aRea BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Two very large shopping centres, namely Seacon Square role in the area due to number of expressways driving car traffic
and Fashion Island make up a significant proportion of total to these locations.
shopping mall space in the East. Hypermarkets play an important
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7. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
SuburbAn bAngkOk - WeSt AreA :
BReaKDown of ReTail sPace in sUBURBan BangKoK - wesT aRea BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Shopping malls take up a far lower proportion of supply in West ic level, hypermarkets and community malls make up a greater
area with only Central Park Rama III taking up a sizable area. slice due to their focus more on non-discretionary purchases.
With its high density residential profile and lower socio-econom-
SuburbAn bAngkOk - nOrth AreA :
BReaKDown of ReTail sPace in sUBURBan BangKoK - noRTH aRea BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
The dominance of shopping malls came about with the recent Crystal Design Center explains the specialty store share.
development of Future Park Rangsit and IT Square. The iconic
collieRs inTeRnaTional 7
8. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
fUTURe sUPPlY
BReaKDown of fUTURe sUPPlY in BangKoK BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Shopping malls will continue to dominate the retail market in total area of approximately 120,000 sq m. Only community malls
the next two years with more than 250,000 sq m and most of show real signs of life in the other categories with around 50,000
them will be located in the Outer City area. About half of the sq m scheduled to be added until the end of 2011.
area will be supplied by Central Rama 9 on Ratchadapisek –
Rama 9 Intersection, scheduled to be completed in 2011 with a
8 collieRs inTeRnaTional
9. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
BReaKDown of fUTURe sUPPlY in BangKoK BY locaTion, Q1 2010
Source : Colliers International Thailand Research
Future changes of the zoning regulations based on the In June 2010 Paradise Park shopping mall will open its doors in
upcoming census are likely to curtail retail development in the Suburban Bangkok East after a major renovation and change of
suburbs in the short term. It is expected that the higher den- name from Seri Center following the purchase of the property
sity of many locations in the suburbs will lead to a relaxation of by MBK plc and Siam Piwat plc. The previous mall struggled
current building restrictions and developers are in all probabil- to compete with its neighbour Seacon Square and has boasted
ity putting planning on hold until future changes in zoning are 100% occupancy of its 90,000 sq m of leasable area prior to its
put in place. Limitations on available land and new legislation is official opening.
also restricting future supply in the City area. The lion’s share of
future supply will be focused in the Outer City area especially in
the form of Central Rama IX shopping mall.
collieRs inTeRnaTional 9
10. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
DeManD - TaKe UP
BReaKDown of HisToRical TaKe UP RaTe of ReTail sPace BY locaTion, 2000 - Q1 2010
Source : Colliers International Thailand Research
Take up rate in city area increased from last year by approxi- economic dislocations such as health scares and global economic
mately 3%, although Q1 2010 represented a difficult period for downturns. The sharp drop in take up in 2005 in the City area
the retail market in the City area, due to the political situation. was the result of renovations being undertaken in a number of
It would be appear that take up in the City is more volatile than shopping malls in order for them to be more competitive. The
other areas due to its greater reliance on tourism and discre- subsequent rise occurred on the reopening of these malls.
tionary spending which are far more affected by political and
TaKe UP RaTe of cURRenT sUPPlY BY caTegoRY, Q1 2010
Source : Colliers International Thailand Research
Take up rate of all categories is more than 90% and has remained robust throughout the past turbulent 18 months.
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11. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
TaKe UP RaTe of cURRenT sUPPlY BY locaTion, Q1 2010
Source : Colliers International Thailand Research
The highest take up rate is in the City area with approximately 94%. This is likely due to the significant amount of existing
97% followed by suburban Bangkok – West area with approxi- supply available at Seacon Square and Fashion Island which
mately 96%. The lowest rate is in suburban – East area is at about makes it difficult to maintain full occupancy.
DeManD DRiveRs focUs
CONSuMER CONFIDENCE
The second half of 2009 showed a general rise in the CCI due also been exacerbated by a number of protests being directly
to the turnaround of the economy and a more stable political located among prime retail centres in the city.
situation. The return of protests in Bangkok from the end of
February has dented sentiment for Q1 2010. The situation has
Colliers International Thailand Research
Source : Ministry of Commerce
collieRs inTeRnaTional 11
12. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
cReDiT caRD
Colliers International Thailand Research
Source : Bank of Thailand
There has been a significant increase in credit card usage greater number of shoppers paying by card. In fact about 12.6% of
over the past five years that has been instrumental in spurring personal consumption is paid for by credit cars compared with
retail spending. The global trend for cashless societies is reach- 8-5% in 2005.
ing Thailand and even anecdotal evidence points to an ever
gRowTH of ReTail BanKing
Along with the development of a sophisticated banking especially in shopping malls, supporting retail and commu-
system comes the actual growth in the number of bank branch- nity malls that are more likely to accommodate retail banking
es in Bangkok, serving the needs of the local and foreign outlets.
residents alike. This trend has helped to support the retail market,
Colliers International Thailand Research
Source : Bank of Thailand
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13. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
RenTals
Rental Rate
Source : Colliers International Thailand Research
The rental rates provided give only a very general indication Paragon, a high end mall which subsequently increased the
of pricing trends in the market. Significant differences occur average rates for the area. The fall in rentals two years later was
in rental rates depending on floor level, access to BTS stations caused by newly renovated malls coming on stream as well as the
and tenant mix. The surge in rental rates was the result of ren- coup. Since then rentals have remained stable up to Q1 2010.
ovations at a number of shopping malls creating a squeeze for
tenants requiring selling space as well as the opening of Siam
collieRs inTeRnaTional 13
14. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
foRecasT
As at the end of Q1 2010 a number of shopping malls in the centre of Bangkok
have been directly affected by the protests taking place in the capital. Therefore
in the short term retail in the City area could come under some stress due to direct
affects as well as a reduction in consumer sentiment affecting discretionary spend-
ing. In the longer term Colliers International Thailand predicts that rentals will
firm in the centre of Bangkok due to the lack of new supply and future renovations
leading to a further up scaling of the City area. Over time the centre will be the
focus of new retailing concepts both imported from other countries and domesti-
cally inspired.
The emergence of new community malls throughout Bangkok will be the
ongoing trend for years to come as the new mass transit lines weave their way
through the suburbs of the city, creating new high density residential areas and
community malls servicing them. Administrations are likely to encourage their
development to reduce car usage.
The scaling down of retail will also occur with the move away from hyper-
markets in the urban area to smaller express stores and supermarkets such as
Tesco Lotus Express and Carrefour Market. Along with the continual growth of
convenience stores throughout Thailand; small independent retailers, nicknamed
“Mom & Pop” stores in the west, will be subject to direct competition from large
multi-national players.
In the suburbs planning is on hold until new zoning restrictions are announced in
the next few years. Based on Colliers International Thailand residential analysis it
can be predicted that a large area, especially in the east would have a high enough
density for looser restrictions on building sizes and usage. Therefore over the course
of the new decade new large scale retail developments will spring up.
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15. The Knowledge Report | 1st Quarter | 2010 | Bangkok Retail Market
collieRs inTeRnaTional THailanD 480 offices in 61 coUnTRies
on 6 conTinenTs
ManageMenT TeaM
Us$ 1.9 Billion in annUal RevenUe
1.1 Billion sQUaRe feeT UnDeR
ASSET MANAGEMENT ManageMenT
Wasan Rattanakijjanukul | Manager 15,000 PRofessionals
Nukarn Suwatikul | Manager
CONSuLTANCY
Napart Tienchutima | Manager
COMMERCIAL / INDuSTRIAL /RETAIL
Narumon Rodsiravoraphat | Senior Manager
INVESTMENT
Nukarn Suwatikul | Senior Manager
RESIDENTIAL conTacT infoRMaTion
Patima Jeerapaet | Managing Director
RESEARCH & ADVISORY THailanD:
Antony Picon | Senior Manager Patima Jeerapaet Antony Picon
Surachet Kongcheep | Manager Managing Director Senior Manager | Research
patima.jeerapaet@colliers.com antony.picon@colliers.com
VALuATION
Surachet Kongcheep
Nicholas Brown | Associate Director Manager | Research
Thanussorn Aukkrararerksaponk |Manager surachet.kongcheep@colliers.com
Colliers International Thailand
Bangkok Office : 17/F Ploenchit Center, Klongtoey
Bangkok 10110 Tel: 662 656 7000 Fax: 662 656 7111
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This report and other research materials may be found
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Department at the number indicated above. This document
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www.colliers.co.th collieRs inTeRnaTional 15