MARKETVIEW Retailers remain conservative despite steady recovery in retail sales 2020 CBRE, Inc. | 70.9 Dec. Taipei Retail, Q4 2020 Q4 2020 CBRE Research 1 Chart 1: Retail Sales by Sector Source: Ministry of Economic Affairs, Q4 2020 * Data available for October and November 2020. * Data available for April to May 2020. -1.03% Q40.06% Dec.+3.43% Oct.-Nov.+2.87% Oct.-Nov. -20 -15 -10 -5 0 5 10 15 20 25 30 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 Q1 0 8 Q1 0 9 Q1 1 0 Q1 1 1 Q1 1 2 Q1 1 3 Q1 1 4 Q1 1 5 Q1 1 6 Q1 1 7 Q1 1 8 Q1 1 9 Q1 2 0 Sale s gr owt h, Y -o-Y Total ret ail sale s (N T$ bi llion ) Total retail sales Dept. stores Non-store retailing F&B Q4 2 0* MARKETVIEW Q4 2020 CBRE Research 2020 CBRE, Inc. | 2 Chart 2: International Visitor Arrivals Chart 4: New Leases and Openings by Sector Source: Tourism Bureau, Q4 2020. Chart 3: Taipei Retail Rental Index Source: CBRE Research, Q4 2020. Source: CBRE Research, Q4 2020. * Prime retail rents represent achievable rents for ground floor retail space on high streets in major shopping districts. TAIPEI RETAIL -100% -80% -60% -40% -20% 0% 20% 40% 0 2 4 6 8 10 12 14 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1-11 (millio n) Rest of World China Y-o-Y Growth 70 80 90 100 110 120 130 Q1 11 Q1 12 Q1 13 Q1 14 Q1 15 Q1 16 Q1 17 Q1 18 Q1 19 Q1 20 Ind ex ( 2000 =10 0) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% H1 17 H2 17 H1 18 H2 18 H1 19 H2 19 H1 20 H2 20 Supermarket Value and Denim Specialist Clothing Other Mid Range Fashion Luxury and Business Homeware and Dept. Stores Consumer Electronics Coffee and Restaurants MARKETVIEW Q4 2020 CBRE Research 2020 CBRE, Inc. | 3 Chart 7: Major Leasing Transactions Source: CBRE Research, Q4 2020. Tenant Size (ping) Address District Sector Ji Pin Chu Yan 380 4F, 107, Zhongxiao E. Rd., Sec.4 Zhongxiao E. Road Coffee and Restaurant Lawrys The Prime Rib 174 BELLAVITA Xinyi Planned Area Coffee and Restaurant Hollywood Street 77 SOGO Zhongxiao Zhongxiao E. Road Coffee and Restaurant MiTCH 50 Breeze Nan Shan Xinyi Planned Area Mid Range Fashion Fayaque 33 Shin Kong Mitsukoshi A8 Xinyi Planned Area Other (books) D+AF 28 61, Lane 161, Dunhua S. Rd., Sec. 1 Zhongxiao E. Road Footwear THREEPPY 20 2F, 1, Nanjing W. Rd. Nanjing W. Road Other (Lifestyle) SAKImoto Bakery 20 Shin Kong Mitsukoshi Nanxi III Nanjing W. Road Coffee and Restaurant Chart 5: Consumer Confidence Index Chart 6: Development Pipeline OUTLOOK Source: RCTED, National Central University, Q4 2020. Source: CBRE Research, Q4 2020. * The figures include new shopping centres and department stores in Taipei. TAIPEI RETAIL 40 50 60 70 80 90 100 201 1 201 2 201 3 201 4 201 5 201 6 201 7 201 8 201 9 202 0 0 20 40 60 80 100 120 201 2 201 3 201 4 201 5 201 6 201 7 201 8 201 9 202 0 202 1F 202 2F GLA (00 0 p ing) MARKETVIEW Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. CONTACTS CBRE OFFICES Ximenting Zhongshan N. Road Dunhua S. RoadZhongxiao E. Road Xinyi Planned Area TAIPEI RETAIL