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The Phnom Penh Megamall developer has delayed the mall’s launch until the fourth quarter of this year owing to lagging interior design work, according to its marketing representative CBRE Cambodia. The 47,000sqm, 11-storey shopping hub is being constructed as…
Competition is increasing in the Bangkok retail-property market, according to international property consultant CBRE. The competition is focused on the bricks vs clicks sector as e-commerce grows, and the bricks vs bricks market, as developers build new…
Attractive prices and returns have seen the number of Chinese customers buying high-end apartments in HCMC soar this year. Duong Thuy Dung, senior director of real estate market research firm CBRE Vietnam, said at a recent forum that 31 percent of high-end…
CBRE, the worldwide commercial real estate services and investment firm, recently announced the appointment of Alan Li as President, CBRE China, effective immediately. Alan will be responsible for CBRE’s advisory services across business lines in China,…
Embattled UK fashion retailer New Look is to quite China, closing some 130 remaining stores. The move follows a strategic review of the China business announced back in June, when the company put the brakes on an ambitious 450-store rollout plan after opening…
The Orchard Road retail vacancy rate has dropped to 5.6 per cent in the second quarter. According to a report by CBRE, the rate is the lowest in 14 quarters and well below 2016 figures. CBRE’s head of research for Southeast Asia Desmond Sim said, “On the back…
CBRE has appointed Tom Gaffney as Regional Managing Director for The Greater Bay Area and Hong Kong with immediate effect. In this newly created role, Gaffney oversees all CBRE’s business activities in the newly-formed economic hub. Gaffney joined CBRE in…
Hanoi’s retail supply is growing outside the CBD area, reports real-estate company CBRE. With a total of 157,000sqm of retail coming from eight projects under development in fast-growing residential areas with good connecting infrastructure, CBRE says the…
Thai ambassador to Cambodia Nuttavudh Photisaro says Central representatives have already studied the proposed site, not yet revealed publicly. “By investing in a shopping mall, they hope the trade volume between the two countries will increase,” says…
High-end international brands have long held court alongside local Hong Kong indie fashion designers – who are now enjoying greater visibility in the city’s vibrant retail market. The city’s deep-rooted love of luxury has seen names like Gucci and Hermes open…
After falling 12 per cent in 2016, the pace of decline in Hong Kong high street retail rents should ease in the year ahead, predicts CBRE. Last year’s decline followed a 17 per cent fall in 2015. That represents a full 27 per cent fall since rents were at…
Japanese lifestyle clothing and accessories brand Muji Canada is expected to expand to Vancouver next year. Known for its minimalist approach, Muji already has three stores in Toronto. It has about 300 stores outside Japan. Vancouver’s retail sector continues…
Virginia Huang has amassed nearly 20 years of top-level commercial real estate industry knowledge, and is the longest serving member of the CBRE team in Beijing. After joining the firm in 1997, she is now the firm’s managing director, and head of advisory and…
Current retail thinking that the high and the low ends are driving the industry has gotten a boost from CBRE Group. High street rents are off the charts worldwide, according to company’s just-released Global Retail Rents report. Rents in prime shopping…
Discounted prices for Henderson Land’s “mini flats” at its One Prestige project in North Point are as low as HK$3.67 million or HK$22,130 per salable square foot, according to the first price list that the developer issued yesterday. The price list is for 50…
Premium Indian mall rents have risen “significantly” in the first six months of 2016. A report by property consultant CBRE South Asia shows rental rates at India’s more up-market shopping centres were led by major cosmopolitan mall clusters Noida (rising by…
