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18/04/2025 Google might have to sell off some of its businesses after a judge makes a critical ruling ( General )
18/04/2025 Vietnam president sends congratulatory letter to Amanda Nguyen, first woman of Vietnamese origin to fly into space ( General )
18/04/2025 The Peninsula Boutique reopens at Hong Kong Airport ( General )
18/04/2025 Hoka opens its first store in Vietnam ( Fashion )
18/04/2025 Funko Pop to launch first Southeast Asian store in the Philippines ( General )
17/04/2025 Lawson reveals ambitious Southeast Asian expansion plan ( General )
15/04/2025 Prada brings Versace home to create Italian luxury contender ( Fashion )
15/04/2025 Hong Kong Gifts and Premium Fair celebrates 40th edition ( General )
15/04/2025 Determinant reopens flagship Lab Concept store in Hong Kong ( Fashion )
15/04/2025 API launches online B2B hub for pharmacies to source products ( General )
15/04/2025 Costco and DoorDash to deliver groceries to the doors of Aucklanders ( General )

Retail Asia09/12/2024

German automaker Porsche is partnering local developers to build condos costing up to $40 million per unit in Bangkok as it expands to luxury property development in Asia. Its Porsche Design unit is collaborating with Anada Development in a 21-floor apartment block which will offer 22 units priced between $15 million and $40 million, according […]

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Retail Asia18/09/2024

Singapore’s private home sales dropped to a 16-year low in August, reflecting weak buyer sentiment, although new launches and anticipated interest rate cuts are expected to drive demand in the coming months. Developers sold 208 units, down 47% year-on-year, according to Urban Redevelopment Authority data released Monday as cited by The Straits Times. “This is a […]

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Retail Asia03/09/2024

Singapore ranked second in Asia for real estate market transparency and was rated as “highly transparent” for the first time. The city-state moved up one spot from last year to 13th place globally, achieving an overall score of 1.92, citing the Global Real Estate Transparency Index 2024 published by property consultancy JLL on Tuesday. The […]

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Retail Asia09/08/2024

Rents for retail space could rise by 17-18% this year in downtown Hanoi and by 8-9% on the city’s outskirts, property consultancy CBRE has forecast. They might grow by 10% and 3% annually in the next three years, it added. CBRE said the average monthly rent in the downtown area in the first half was […]

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Retail Asia16/07/2024

The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report. In Hanoi, new villas in high-end market projects showed prices increasing by 9% quarter-on-quarter to VND178 million (US$7,007) per sq.m, said the report released on […]

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Retail Asia23/05/2024

For the second year in a row, Singapore’s private residential homes were the most expensive in the Asia-Pacific region, with a median price of US$1.3 million in 2023. The price is the highest out of the 48 cities in 11 countries in the report published Tuesday by global non-profit research organization Urban Land Institute (ULI). […]

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Retail Asia08/05/2024

The logistics company DHL Group got off to a solid start to the new fiscal year in 2024. As expected, there was no significant upturn in the global economy in the first quarter of 2024. Despite these conditions, the Group generated revenue of EUR 20.3 billion (Q1 2023: EUR 20.9 billion). As anticipated, the operating […]

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Retail Asia30/04/2024

Hanoi apartment prices have risen by 38% from 2019 and prices have shot up even in buildings that are 5-10 years old, according to the Ministry of Construction. Many projects sell at over VND60 million ($2,367.80) per square meter, rising to even VND150 million in some places, it said in a recent report. The smallest […]

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Retail Asia06/03/2024

SM Prime Holdings Inc (SMPH), one of the largest property developers in the Philippines, is set to open four shopping malls this year, adding 440,000sqm of retail space. The company plans to open SM City Caloocan, with 94,000sqm of gross floor area, in the first half of this year. In the second half, it intends […]

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Retail Asia26/10/2023

International Marriott wants to open 20 more hotels and resorts in Vietnam to further tap the country’s great tourism potential, said its chairman and CEO Anthony Capuano. The potential is due to its geographical location and unique culture, which makes many tourists want to return to the country, Anthony Capuano said at a meeting with […]

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Retail Asia17/10/2023

Thien Phuc International Hotel Company, which owns the four-star Novotel Saigon Centre Hotel in HCMC, has reported its biggest ever half-yearly loss of VND369.6 billion (US$15.4 million). The loss for the year’s first half was 50% higher year-on-year, according to its earnings report. It had racked up full-year losses of VND786 billion in 2021 and […]

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Retail Asia04/10/2023

The property market has overcome its most difficult period and will recover from early 2024, analysts concur. Speaking at the first-ever Autumn Real Estate Forum in Hanoi recently, Can Van Luc, chief economist at state lender BIDV and a member of the National Financial and Monetary Policy Advisory Council, said: “There are more opportunities [now] […]

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Retail Asia20/09/2023

Capital Elite is a popular investment destination for Korean investors due to its prime location in Hanoi’s new CBD and diverse entertainment and leisure areas. The Vietnamese real estate market is attracting South Korean investors due to rapid infrastructure development, reasonable property pricing, and potential value appreciation. The proportion of foreign individuals interested in Vietnam’s […]

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Retail Asia24/07/2023

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Hotels in Ho Chi Minh City are suffering from low occupancy rates due to a sharp drop in international visitor arrivals and domestic tourists’ preference for traveling to beaches. In May, amid a wave of hotel closures and conversions into office buildings, the Norfolk Hotel in District 1 with over 100 rooms stopped operating. In […]

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Retail Asia04/07/2023

Property developers in southern Vietnam are selling off their assets despite losses to pay debts amid a slump in demand. A property developer in District 1, which develops projects in southern Ho Chi Minh City and Binh Duong Province, last month sold off one of its projects for VND300 billion ($12.71 million), 57% lower than […]

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Retail Asia25/04/2023

Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers. Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022. He paid for the house with a bank loan and VND11 billion of his own money hoping his […]

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Retail Asia14/04/2023

The price of townhouses and villas in the South have dropped 10-30% year-on-year amid record-low sales in the first quarter of 2023. The prices in Dong Nai Province plunged 15-20%, even 25-30% in some cases, as cash-strapped investors have tried to cut losses, according to a survey. Many investors lowered their selling prices for villas […]

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Retail Asia27/03/2023

Park Silom, a premium mixed-used complex in the heart of prime Bangkok’s CBD Silom, is a collaboration between Nye Estate, Minor International and Siam Piwat. Synergizing their prestigious expertise, the three forefront developers are driving Park Silom into a ‘Third Space Retail,’ offering a new retail experience to Silom under the concept “Everyday Indulgence for […]

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Retail Asia26/03/2023

Manhattan Associates Inc., in partnership with Google Cloud and Zebra Technologies, has released the findings of the industry’s first real-world analysis of Unified Commerce in specialty retail. The Unified Commerce Benchmark for Specialty Retail, conducted by Incisiv, assessed 124 retailers across 11 specialty retail segments on the implementation of 286 key attributes of Unified Commerce. […]

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Retail Asia20/03/2023

According to experts, the increasing costs of land, materials, labor, legal procedures, and interest rates, as well as speculation, have all been pushing housing prices up for years. In recent market reports, the Ministry of Construction has confirmed that housing prices are currently unaffordable for many people. Le Huu Nghia, director of construction and real […]

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