{"id":132604,"date":"2019-03-18T16:51:00","date_gmt":"2019-03-18T09:51:00","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-bangkok-retailers-competition-intensifies-both-offline-and-online\/"},"modified":"2022-12-11T02:54:53","modified_gmt":"2022-12-10T19:54:53","slug":"for-bangkok-retailers-competition-intensifies-both-offline-and-online","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-bangkok-retailers-competition-intensifies-both-offline-and-online\/","title":{"rendered":"For Bangkok retailers, competition intensifies both offline and online"},"content":{"rendered":"


\nDevelopers of brick-and-mortar retail establishments in Bangkok are facing stiffer competition not just from online stores but also from peers. The Thai capital now has over 600,000 square metres of under-construction retail space, due for completion by 2023, according to a report released today by CBRE Thailand. Traditional physical stores are also reckoning with the continued traction of e-commerce in the kingdom,\u00a0the total value of which has topped THB812.6 billion (USD26.5 billion), the highest in Southeast Asia. \u201cThe revolution in retailing with coming of e-commerce and competition from new supply means that landlords will have to be a lot more sophisticated in what they provide both in terms of mall format and data,\u201d said Jariya Thumtrongkitkul, head of advisory and transaction for retail at CBRE Thailand. As consumers disperse to rivals offline and online, retail developers should pursue an omnichannel approach, providing customers an integrated\u00a0experience by making sales available both through online avenues and physical stores, the consultancy suggested. More:\u00a0In challenging market, Thai developers get creative Central Group, one of the kingdom’s foremost retail developers, has launched an e-commerce site and\u00a0digital wallet and invested USD200 million in Grab Thailand, dramatically expanding its online distribution channels. Thai brick-and-mortar retailers are seeking to differentiate themselves from online competitiors by building more experiential retail spaces. \u201cCreating limited time opportunities through pop-up stores or events is another emerging trend giving people a reason to get up and go to a mall because they will not be able to get the product or have the experience elsewhere or at another time,\u201d Jariya noted. With Thailand\u2019s Consumer Confidence Index (CCI) dropping to 79.4 in December, the lowest in 10 months, more shopping mall tenants are demanding landlords to assume some risk,\u00a0basing rents\u00a0on a percentage of the store revenue (‘gross profit rent’) rather than fixing\u00a0rates. Tenants are also calling on landlords to share more data with them regarding foot traffic, frequency of shopping visits, common purchases, and other insights. Tenants are going to be \u201cincreasingly demanding\u201d about such data to target products and services better to\u00a0customers, the report suggested.
\n
\nSource : property-report.com
\nRead more…For Bangkok retailers, competition intensifies both offline and online<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers of brick-and-mortar retail establishments in Bangkok are facing stiffer competition not just from online...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-132604","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yuM","jetpack-related-posts":[{"id":17118,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-projects-in-thailand-now-on-hold-until-market-recovers\/","url_meta":{"origin":132604,"position":0},"title":"Retail projects in Thailand now on hold until market recovers","date":"June 20, 2016","format":false,"excerpt":"\r Developers are playing the waiting game Artist\u2019s rendition of EmSphere Several developers continue to postpone retail projects planned for Bangkok, reveals the Retail Marketview Q1 2016 report of CBRE Thailand. 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The Bangkok skyline with MahaNakhon, Thailand\u2019s tallest tower. george photo cm \/ Shutterstock.com It appears that the Bangkok luxury home market will finish the year with crowning success. Asking prices of off-plan, high-end condominiums in the city\u2019s downtown\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-commercial-property-deals-will-double-in-value-to-almost-us100-billion-by-2030-cbre-predicts\/","url_meta":{"origin":132604,"position":3},"title":"China\u2019s commercial property deals will double in value to almost US$100 billion by 2030, CBRE predicts","date":"November 10, 2020","format":false,"excerpt":"\r China\u2019s commercial property deals are expected to double in value over the next decade, buoyed by an increase in capital coming from insurers, the emergence of more investment funds and the creation of real estate investment trusts (Reits), according to CBRE.The global property services firm forecasts in a research\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-industry-not-going-away-despite-negative-headlines-cbre-ceo-says\/","url_meta":{"origin":132604,"position":4},"title":"Retail industry not going away despite negative headlines, CBRE CEO says","date":"August 30, 2018","format":false,"excerpt":"\r Bob Sulentic, the CEO and President of the CBRE Group, said that the strong economy has had a positive impact on commercial real estate.\r \r Source : cnbc.com\r Read more...Retail industry not going away despite negative headlines, CBRE CEO says","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139396,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-2b-commercial-industrial-retail-sales-in-years-first-half-cbre-overview\/","url_meta":{"origin":132604,"position":5},"title":"$1.2b commercial, industrial, retail sales in year\u2019s first half: CBRE overview","date":"October 1, 2023","format":false,"excerpt":"\r Private investors are the single most active group, ahead of syndicates and foreigners.\r \r Source : nzherald.co.nz\/Property\r Read more....2b commercial, industrial, retail sales in year\u2019s first half: CBRE overview","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132604"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=132604"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132604\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=132604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=132604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=132604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}