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Hong Kong has become the world’s highest-priced office market and Asia continued to top the list of the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s latest semi-annual Global Prime Office…
With continuing restructuring in the Singapore retail sector it is a tenants’ market, but while rents are generally under pressure, well-located, well-managed suburban malls are in a strong position. Meanwhile, average prime retail rents in Orchard Rd and…
Retailers are still looking for growth across borders, with Asia a particular interest to many. Nevertheless, high eCommerce investments have slowed down the international expansion, according to real estate consultant CBRE‘s “How Global is the Business of…
Giant Cambodia has opened its first store in the kingdom, in Phnom Penh’s Grand City Mall. It is part of a major expansion into Cambodia by the Malaysian wholly owned subsidiary of pan-Asian retailer Dairy Farm International, which also has a 70 per cent…
More shops are moving to the suburbs. More retailers are opting to vacate their prime spaces in Orchard Road and move to the heartlands instead, according to a report by CBRE. This trend exacerbates the problems ailing Singapore’s retail leasing scene, which…
Global retailers are undeterred from expanding their bricks and mortar stores this year despite growing online sales, says a new report. In the seventh edition of How Active Are Retailers Globally?, real estate service company CBRE also says China remains the…
High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE. In its annual Asian retail outlook, the company’s research department predicts many retailers will shift…
Singapore retailers are facing “dark days”, including store closures, according to Singapore real estate company CBRE. With falling domestic demand and soaring costs, there will be more store consolidations and closures, it says in a new report. It predicts…
Real estate markets in Asia will likely remain less appealing than those in the US and Europe this year, with Asia plagued by anaemic economic growth and waning rents and capital values amid a supply deluge. In a recent interview with The Business Times, CBRE…
A surge in demand for luxury goods has seen Chinese-led spending overwhelmingly turn to international markets including Australia, according to the latest research from property group CBRE. According to the latest report, Luxury Retail 2015, 70 per cent of…
Bangkok’s retail market is now “the most competitive it has ever been” – yet there is another 1.1 million sqm of retail space under construction. When complete, by the end of 2017, that will bring the total completed supply of mall space in the Thai capital…
Retailing landlords will likely continue to feel the pinch in coming times, as the ongoing slump in tourism is poised to weigh negatively on capital values in prime shopping districts, thumping prices a further 20 per cent next year, on top of an expected 20…
The Asian eCommerce boom is driving major changes in logistics developments and networks across the region, according to CBRE’s latest Global & Emerging Logistics Hubs report. “With a trickle-down effect to inventory management, this is leading to changes in…
While Asia Pacific may be experiencing a slowdown in luxury retailing right now, three key trends will fuel a renaissance in coming years. That’s the core finding of a research report by property specialist CBRE, The Future of Luxury Retail in Asia Pacific:…
Hong Kong retail rents weakened further in the third quarter – and worse is to come, according to CBRE’s quarterly review. Against a backdrop of a seven per cent fall in watch and jewellery sales in July and August combined, there was an increase in lease…
Hong Kong retail is moving from its traditional luxury focus to the mid market and the demographics of shoppers change, according to a report from CBRE. Mid-market retail brands are set to overtake luxury brands as the main driver of retail demand in the…
