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The “golden age of tourism” in Vietnam presents robust hotel development opportunities in Vietnam’s biggest cities. Troy Griffiths, deputy managing director of real estate consultant Savills, said Ho Chi Minh and Hanoi are “under-hoteled per population, per…
WeWork, the third largest startup in the U.S., and the sixth largest in the world, is set to open a new office in HCMC late this year. In its latest report on the co-working space market in Vietnam, real estate firm Jones Lang LaSalle (JLL) said WeWork is…
A recent survey by JLL found that 83% of international and local retailers have plans to open new stores in Hong Kong over the next 12 months, a significant jump from 62% as recorded a year ago. More retailers planned to expand as retail sales in the first…
China’s retail real estate arena is the fastest-developing market in the world – forcing landlords to change their strategies to meet the challenge of e-commerce. When it comes to mobile shopping, 30-minute delivery and customer apps, China leads the world.…
A vast majority Hong Kong retailers in a survey say they plan to open new stores during the next year, according to property company JLL. Albeit a small sample base of 40 retailers, 83 per cent of international and local retailers told JLL they will expand –…
China offers “enormous room for growth” for foreign F&B brands, according to a new whitepaper from JLL China and retail data specialist LocalGravity. The Foreign F&B Expansion in China report explores the trends behind foreign F&B operators expanding in China…
Food and beverage and lifestyle is driving Hong Kong retail innovation, says property expert Shaun McManus with JLL Hong Kong. “The activewear and sports apparel sector has been a front-runner in elevating in-store experiences for shoppers,” McManus, who…
Singapore retail rents slipped 1.3 per cent in the last quarter of 2016, compared with the previous quarter. According to data from JLL Singapore, included in a pan-industry market review, retail rents were under most pressure in the Marina quarter where most…
Macau is enjoying a retail revival, according to the latest government data. Macau Association of Retailers and Tourism Services executive committee president Frederick Yip, who organised December’s Macau Shopping Festival festival, says the city’s retail…
With retail rents still affordable compared to other Asia Pacific countries, the Philippines should be attracting more international brands, says a property analyst. This would further fuel the growth of the retail property market this year, says Jones Lang…
Asia is home to more than half the world’s most dynamic retail hubs, according to new research that reinforces images of the region’s mall-strewn megacities. The research, by professional services and investment management company JLL, says 12 of the…
Asian cities dominate the latest retail destination rankings, with the Middle East taking most of the remaining spots. According to the latest edition of JLL’s Destination Retail report, which ranks markets for retailer expansion around the world, Asia is…
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…
Major Hong Kong tourism and shopping hotspots have been rushing to cash in on the citywide Pokemon Go craze with numerous events being organised, centred entirely around the smash-hit mobile game, to reinvigorate the city’s lacklustre retail sector. Three…
Orchard Road is meant to be Singapore’s premier shopping belt, but you wouldn’t know it if you strolled into many of the malls along the 2.2km stretch these days. The vacancy rate in malls within the Orchard planning area hit a five-year high in the first…
While other luxury brands are scaling back in Hong Kong’s subsiding retail market, international fashion brand Versace Asia plans to open a flagship store in Central in October. Shanghai Commercial Bank says the Milan-based fashion house has signed a…
