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Office rents in Singapore’s central business district eased 1.2 per cent to S$8.90 (Bt220) per square foot a month in the first quarter of this year, while retail rents show signs of stabilising despite challenges, a property consultancy says. Research by…
Landlords and retailers are off to another bumpy ride. The retail outlook for this year seemed to still be on the cloudy side for both retailers and landlords. According to Knight Frank’s latest Singapore Retail Bulletin, average rents in the Central Region…
The Philippines has slipped by a notch on the list of most expensive retail property locations this world due to lower-than-expected sales volume so far in the year, a global real estate services firm said. In a report, Cushman and Wakefield said in Metro…
The increase in housing sales in several regions of Indonesia is a positive sign of growth in the countrys property sector, according to Indonesia Property Watch (IPW). “Research conducted by the IPW on the housing sector in the fourth quarter of 2015…
Mainland China’s influence continues to grow across the four core sectors of the Hong Kong property market, according to the latest research from JLL. Demand for office space is increasingly being underpinned by mainland corporates, while a persistent…
Even as slumping sales force luxury brands renegotiate retail rent prices and close stores in Hong Kong, a new report finds that it’s still the second-priciest place in the world to open up shop. According to Cushman & Wakefield’s newly published “Main…
Burberry Hong Kong is giving up a whole floor of its Pacific Place flagship as part of a range of initiatives to respond to the declining luxury market in the territory. Burberry CFO Carol Fairweather said in a conference call the company had reached an…
After waving goodbye to the boom in mainland Chinese arrivals, Hong Kong’s retail leasing market is refocusing on broad-based, local consumption, including food and drink. Hong Kong shopping streets are changing as luxury shops, including watch, handbag and…
In more than three decades in Hong Kong’s real estate industry, Sheraton Valuers’ Michael Chik Pa-fai has seen a number of up and down cycles. With retail sales falling, the managing director of the retail property-focused brokerage expects the slump in…
Continuing volatility in the market and the exchange rate landscape in Hong Kong, Macau and the Asia Pacific region (excluding Japan) has been blamed for Prada’s overall net profit fall of -23% to €188.6m ($212.7m) in the first half of 2015. Despite the big…
Changi Airport is seeking new retailers for concessions in Terminals 2 and 3, along with food and beverage operators. The airport has a fashion concession available in Terminal 2 within the departure/transit lounge area for which it says it is seeking a…
A Cushman & Wakefield’s report shows that the retail rent in the second quarter fell by 5 percent compared with the same period last year. Meanwhile, the supply is forecast to soar to 1.5 million square meters by 2020, 200 percent higher than today. According…
Rents for retail space on the island of O‘ahu rose to a record earlier this year. Colliers International says commercial rents here have been rising for the past several years, a trend that’s expected to continue. Commercial rents have also risen in Hong…
Orchard Road remains the top destination for shoppers during the recent Great Singapore Sale, according to a new report, debunking calls that Singapore’s prime shopping belt may be losing its shine. The premier retail strip attracted the highest footfall…
