{"id":17118,"date":"2016-06-20T16:00:43","date_gmt":"2016-06-20T09:00:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-projects-in-thailand-now-on-hold-until-market-recovers\/"},"modified":"2016-06-20T16:12:44","modified_gmt":"2016-06-20T09:12:44","slug":"retail-projects-in-thailand-now-on-hold-until-market-recovers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-projects-in-thailand-now-on-hold-until-market-recovers\/","title":{"rendered":"Retail projects in Thailand now on hold until market recovers"},"content":{"rendered":"


\nDevelopers are playing the waiting game
\nArtist\u2019s rendition of EmSphere
\nSeveral developers continue to postpone retail projects planned for Bangkok, reveals the Retail Marketview Q1 2016 report of CBRE Thailand. Massive shopping complexes including EmSphere, Mega Rangsit, Bangkok Mall and Central M. are among the projects that have been delayed due to unfavourable economic conditions as well as increased competition in Bangkok\u2019s retail market.
\nThe report adds that developers are focused on renovating and repositioning existing malls along with selectively expanding in provinces upcountry. This has caused newly built retail supply in Bangkok to slow down. Only nine new retail developments opened in the first quarter of 2016 and none of this new supply was large-scale.
\nMore: Does Bangkok need another luxury mall?
\nThere has been a significant increase in competition in Bangkok\u2019s retail market during the past few years with several large-scale projects being completed. However, the report noted that not all shopping centers will perform and occupancy rates have already dropped in some of the old or poorly managed malls. The occupancy rate in the first quarter of this year checked in at 92.9 percent, dropping by 0.3 percent quarter-on-quarter.
\nThere are still no signs of recovery in the retail sector and domestic demand remained weak during the first quarter. Unless this demand starts turning around, CBRE Thailand stated that they do not expect the delayed projects to begin construction anytime soon.
\nIt is\u00a0believed that the retail occupancy rate will bottom out this year due to the combination of low future supply and the completion of refurbishment at major retail centers. Rental growth in the long term, however, is expected to be limited as competition for space remains high.
\nThis article originally appeared on DDproperty.com on 14 June 2016.
\n
\nSource : property-report.com
\nRead more…Retail projects in Thailand now on hold until market recovers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers are playing the waiting game Artist\u2019s rendition of EmSphere Several developers continue to postpone...<\/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-17118","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\/p75ss1-4s6","jetpack-related-posts":[{"id":132604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-bangkok-retailers-competition-intensifies-both-offline-and-online\/","url_meta":{"origin":17118,"position":0},"title":"For Bangkok retailers, competition intensifies both offline and online","date":"March 18, 2019","format":false,"excerpt":"\r Developers 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28441,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/you-can-now-go-to-a-mall-in-hua-hin-thailand-and-live-beside-it\/","url_meta":{"origin":17118,"position":1},"title":"You can now go to a mall in Hua Hin, Thailand (and live beside it)","date":"October 4, 2016","format":false,"excerpt":"\r Tens of thousands expected to visit even on weekdays The scenic coast of Hua Hin. Wassana Mathipikhai\/Shutterstock Tourists in Hua Hin, Thailand can now cap a\u00a0day at the beach with a stroll at the shopping mall, and\u00a0with talks of a future housing project beside it, they will soon be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/11th-thailand-property-awards-2016-finalists-revealed-who-will-bring-home-the-gold\/","url_meta":{"origin":17118,"position":2},"title":"11th Thailand Property Awards 2016 finalists revealed: Who will bring home the gold?","date":"August 29, 2016","format":false,"excerpt":"\r A stellar mix of boutique and large-scale luxury projects comprise this year\u2019s official shortlist MQDC Magnolia Quality Development Corporation, Minor International and boutique firm Lucky Living Properties are just a few of the top contenders in the biggest real estate awards programme in the Kingdom, the 11th Thailand Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-most-illustrious-real-estate-event-returns-for-the-11th-year\/","url_meta":{"origin":17118,"position":3},"title":"Thailand\u2019s most illustrious real estate event returns for the 11th year","date":"March 29, 2016","format":false,"excerpt":"\r The\u00a0Thailand Property Awards 2016 ushers in a new era of industry excellence with 32 awards The judges, sponsors, organiser and awards supervisor of the 11th Thailand Property Awards 2016 The Thailand Property Awards\u00a0presented by Hansgrohe returns for a successful 11th edition to reward the finest developers and current developments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condo-developers-forge-ahead-with-launches\/","url_meta":{"origin":17118,"position":4},"title":"Bangkok condo developers forge ahead with launches","date":"March 19, 2019","format":false,"excerpt":"\r Bangkok condo developers are moving forward with launches in key locations this year despite expectations of a slump in the market, according to Colliers Thailand via Bangkok Post. New supply is set to come online in the neighbourhoods of Thong Lor, Ramkhamhaeng, Charoen Nakhon, Sam Yan and Talat Phlu,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-real-estate-leaders-to-talk-at-property-report-congress-thailand\/","url_meta":{"origin":17118,"position":5},"title":"Asia\u2019s real estate leaders to talk at Property Report Congress Thailand","date":"September 7, 2016","format":false,"excerpt":"\r Local and foreign experts will gather to evaluate Thailand\u2019s commercial real estate market Sathorn CBD in Bangkok After hosting successful real estate conferences in Manila, Ho Chi Minh City, Yangon and Kuala Lumpur, Property Report, Asia\u2019s leading luxury real estate, architecture and design media platform, will be hosting the\u2026","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\/17118"}],"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=17118"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17118\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=17118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=17118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=17118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}