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Vacancies at retail malls in the central region hit a five-year high in the first quarter of the year, driven largely by more vacant space in the Orchard sub-market. The rate went up from 8 per cent to 8.7 per cent, analysis from Colliers showed, the highest…
Asia Pacific remains retail industry’s growth engine – with Hong Kong at the top of the Asia retail cross-border expansion rankings. Despite the sharp decline in Hong Kong retail sales during the last 18 months or so, Hong Kong is the second most favoured…
Dwindling footfalls and intense competition in the Hong Kong retail market is prompting developers of shopping malls to tap unexplored areas for growth. New World Development has gone a step further and is using its revamped D.Park shopping mall in Tsuen Wan…
Numerous reports have been written on how eCommerce spells the death for brick-and-mortar stores in the retailing industry. But others have written on how the preference of customers taking in the whole in-store shopping experience will ensure that there will…
The consortium comprising Lendlease and Abu Dhabi Investment Authority (ADIA) that last year bagged a plum site in Paya Lebar Central, has obtained provisional permission from Singapore’s planning authority to build a project that will comprise offices,…
Singapore-based investors purchased a record US$26.31 billion (S$37.83 billion) in overseas real estate in 2015, up 49 per cent from US$17.63 billion in 2014, going by preliminary data compiled by real-estate data and analytics firm Real Capital Analytics…
In the backstreets of Seoul, hipster culture is flourishing, and specialist cafés and eateries are jostling with big brand names to gain exposure in so-called “hot” neighborhoods. And as the crowds grow, so too do the retail rents. Just 10 years ago, Seoul…
Food and beverage has overtaken fashion as the primary driver of demand for retail real estate in Singapore. In its Third Quarter Retail Index covering Asia-Pacific, property company Jones Lang LaSalle says that despite declining retail sales and consumer…
Restaurant operators have regained their presence in Hong Kong’s retail market where an increasing number of top-end retailers have surrendered their spaces in the wake of weakening spending on luxury items and a decline in tourist arrivals. JLL said that in…
Singapore’s retail market has been experiencing a drop in sales values. Tourism arrivals and the ongoing labour shortage against the backdrop of an additional reduction in the foreign dependency ratio effective July 2013 are considered some of the key drivers…
The warning bell signalling the end of Hong Kong’s 12-year property rally is ringing louder with more experts predicting that the stock market rout and economic uncertainties at home and abroad will accelerate a price correction. Analysts widely expect home…
The yuan devaluation could force Hong Kong’s retail landlords to cut rents as it threatens to erode shopping in the city by tourists from China, say analysts. A weaker yuan means these tourists will now be spending in a more expensive Hong Kong dollar,…
International brands of non-luxury products are keen to enter the Hong Kong market despite the city suffering from a decline in retail sales. Foreign retailers catering to Hong Kong’s mass retail market are eager to secure shops in Hong Kong, which they…
