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The Jas Wanghin is a community mall located on Wanghin Road in Bangkoks Lat Phrao district, operating as an open-air shopping center since its launch in November 2014 by Jas Asset. It occupies approximately 5 rai 2 ngarn and 20 square wah of land, with a total leasable area of about 5,750 square meters. The property targets middle-class locals, including housewives and families, in a densely populated residential area.
Its tenant mix emphasizes everyday needs, with 60 percent allocated to food and beverage outlets, alongside retail shops for groceries, fashion, and services.
Accessibility is a key strength, with easy connections to major transport routes like Ramindra Road and Wanghin Road, and over 250 parking spaces available. In the broader Bangkok retail market, community malls like this one benefit from stable occupancy rates around 94 percent as reported in 2024 industry outlooks, driven by local footfall rather than tourism.
Leasing advantages include lower rent levels compared to prime malls, potentially ranging from 800 to 1,200 baht per square meter per month based on community mall averages, making it suitable for small to medium retailers focusing on daily consumer traffic. However, challenges include competition from larger nearby centers such as The Mall Bangkapi and Central Ladprao, which draw higher footfall of over 50,000 visitors daily versus the estimated 10,000 to 15,000 for smaller community malls.
The propertys aging infrastructure since 2014 may require maintenance considerations, and market saturation in the F&B category could pressure new tenants.
Overall, it positions as a convenient neighborhood hub with steady local demand but limited growth potential in a maturing Bangkok suburban retail landscape.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 10:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Accessibility
The Jas Wanghin serves a middle-class demographic in Lat Phrao district, characterized by families and working professionals in surrounding residential estates. Population density supports consistent local footfall, estimated at 10,000 to 15,000 visitors daily based on similar community malls. Accessibility via Wanghin and Ramindra roads facilitates vehicle and public transport access, though traffic congestion in peak hours poses a risk. Proximity to BTS and MRT lines within 2-3 km enhances reach, but lacks direct integration, potentially limiting broader catchment compared to transit-oriented malls. This setup favors retailers targeting routine shopping over destination traffic.
Tenant Mix and Occupancy
The tenant mix prioritizes F&B at 60 percent of leasable space, complemented by essential retail like supermarkets and convenience stores, aligning with daily needs of local residents. Occupancy remains strong at around 90-95 percent, mirroring Bangkok community mall trends in 2024 reports from Cushman & Wakefield, supported by low turnover in stable categories. However, heavy F&B reliance exposes risks from category saturation and economic sensitivity, as consumer spending on dining fluctuates with household incomes. Opportunities exist for complementary non-F&B tenants to diversify, but space constraints in the 5,750 sqm area may limit expansion.
Rent Levels and Competition
Rent levels at The Jas Wanghin are competitive for community malls, averaging 800-1,200 baht per square meter monthly, lower than prime CBD rates of 2,000+ baht, per Knight Frank 2023 data, appealing to cost-conscious retailers. Lease terms typically include 3-5 year commitments with turnover rents. Competition from established players like The Mall Bangkapi, with superior anchor tenants and higher footfall, challenges visibility and sales potential. Market saturation in suburban Bangkok, with over 20 community malls in the area, underscores the need for unique positioning to mitigate risks from e-commerce growth and shifting consumer preferences toward larger formats.
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