Research Centre

Bangkok Retail MarketView Q4 2017


08 Mar 2018

Thailand’s CCI Hit the Highest Point in Thirty-Six Months

The retail sales index in November 2017, estimated by the Bank of Thailand (BOT), was at 232.64 points, a 7.8% increase Y-o-Y. The improvement was mainly supported by the growth in tourist arrivals, which increased by 5.7% Q-o-Q and 19.5% Y-o-Y in Q4 2017, and a recovery in domestic demand. Thailand’s Consumer Confidence Index (CCI) has seen ongoing improvement since Q2 2017. The Thai CCI reached up to 80.0 in January, the highest point in the past thirty-six months.

The total retail supply as of Q4 2017 increased by only 1.08% Y-o-Y. The largest retail development completed in 2017 was Century the Movie Plaza Sukhumvit with 27,000 sq. m. of net lettable area, followed by Megabangna Phase 2 with 10,000 sq. m. of net lettable area. The total net lettable area of new supply in 2017 was only about 100,000 sq. m., while the total net lettable area of new supply in 2015 and 2016 was at 230,000 sq. m. and 500,000 sq. m., respectively.

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Bangkok_Retail_MarketView_Q4-2017.pdf
James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff
Jariya Thumtrongkitkul
Associate Director - Retail Services

Phone: +66 2 119 2792, +66 2 119 2795
Fax: +66 2 685 3307
CBREThailand
Associate Director - Retail Services
jariya.thumtrongkitkul@cbre.co.th
Sales Staff