The high-end hotel landscape in China is undergoing a vibrant transformation, with a flurry of new establishments rising from the urban skyline to serene natural retreats. This dynamic boom is creating fresh opportunities for travelers, especially those from…
Charoen Sirivadhanabhakdi, the chairman of TCC Group and Thailand’s second-richest individual, is making waves in the real estate market. Frasers Property Ltd., the company under his stewardship, has reported a staggering surge in profit in Singapore while…
Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and…
China’s national auditor is making surprise checks in the nation’s $3 trillion trust industry which is also feeling the ripples of the ongoing property crisis. China’s National Audit Office has been inspecting the books of at least 20 trust firms in the last…
Alibaba’s grocery store chain Freshippo is searching for to boost funds at a valuation of about $6 billion, a lot decrease than a hoped-for valuation of as much as $10 billion earlier this 12 months, three individuals accustomed to the matter informed…
Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for policy assistance. Sunac China Holdings Ltd. asked authorities in Shaoxing – a city in the eastern coastal province…
CapitaLand has closed six shopping malls in China in wake of the coronavirus outbreak and set up a task force to coordinate its response across its operations in China and other markets where it operates. The Singapore-headquartered company says it has also…
Rich Chinese continue to snap up luxury homes in the city-state as they seek a safe and calm offshore location to park their wealth. Protests in Hong Kong are driving rich Chinese property buyers away from the special administrative region to relatively calm…
Chinese real estate developer Dalian Wanda Group will reportedly open 17 shopping centres this month. The group recently opened its 300th plaza in Hubei province, a 105,000sqm shopping centre based in Xianning – the first enclosed mall in the city – including…
Spring City 66, Hang Lung Properties’ first entry into Southwest China has opened in Kunming. Now the single largest commercial complex in Kunming, the city’s latest landmark is the ninth Mainland China project developed by the group, following projects in…
unan, one of Singapore’s best-known and most enduring retail icons, reopens its doors to shoppers today after three years of redevelopment, starting a new chapter in its storied evolution. Home to a rich variety of more than 190 brands clustered around six…
Parkson Holdings’ Beijing operation Parkson Retail Development (PRD) has extended a department store lease in the city until the end of 2021. PRD’s Hong Kong-based owner PRGL announced in a stock exchange filing in Hong Kong the firm has signed a new lease…
Raffles City Hangzhou, CapitaLand’s largest operational Raffles City development, has been named the World Gold Winner in the Retail Category at the prestigious 2019 FIABCI World Prix d’Excellence Awards held in Moscow, Russia on 30 May 2019. This follows the…
Parkson Retail Group is preparing to occupy a complex above Nanjing Railway Station in Chinese Jiangxi. The group, a Hong Kong-listed firm controlled by Malaysian Parkson Holdings Bhd, won its US$6.1 million bid for the tenancy of buildings above the Bayi…
Shanghai flagship store wins international retail design accolade. The Zwilling Shanghai flagship store has been selected as one of the world’s three best retail store designs in the annual EuroShop RetailDesign Awards. The store blends retailing with cooking…
Stronger rental growth and lower operating expenses boosted CapitaLand Retail China Trust’s income by 10.7 per cent in the first quarter. According to CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CRCT, net property income reached…
Weekly Briefing
We respect your inbox as much as we value your time. That's why we only send carefully curated weekly updates, packed with the most relevant news, trends, and insights from the retail industry across Asia and beyond.