Quarterly Highlights

•   In Q1 2019, the total Bangkok retail supply increased to 7.72 million square metres, growing by 1.68% Q-o-Q and 3.7% Y-o-Y, an additional 127,710 square metres of net lettable area from 8 new retail projects.

•   The volume of occupied retail space was around 7.23 million square metres, increasing 3.75% Y-o-Y. The overall occupancy rate was 93.6%.  

•   Thailand’s Consumer Confidence Index (CCI) dropped from 82 in February 2019 to 80.6 in March and 79.2 in April.

•   The retail sales index in February 2019, according to the Bank of Thailand (BOT), was 249.84, increasing by 8.5% Y-o-Y but some of this increase was debt-fueled car sales.