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The retail landscape in Asia is witnessing seismic shifts as brands pivot to embrace sustainability and social responsibility at the heart of their strategies. Against this backdrop, leading retail players are not just tailoring products to meet consumer…
According to property consultancy Avison Young, the occupancy rate for serviced apartments has hit a solid 77%. Yet, the high-end segment is outshining the rest, maintaining rental prices at $35 with occupancy peaking at 82%. Meanwhile, Savills has reported a…
Hong Kong’s luxury property market continues to post record numbers with the latest leasing contract. A 10,804 square foot home in the city’s wealthiest district was rented out for HK$1.35 million per month, according to a statement from local developer Wharf…
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital…
Hong Kong ́s Causeway Bay remains top of the world’s most expensive retail strips, with rents rising to US$2745 per square feet per annum, 2.3 per cent higher than last year. New York ́s Upper 5th Avenue, with annual retail rents at $2250/sqft, retained the…
Singapore retail rents increased in the third quarter of this year, according to Urban Redevelopment Authority. Figures published by The Straits Times show the rental rates increased by 2.3 percent, overturning a fall of 1.5 percent during the previous…
Saigon retail rents are rising with space in the CBD hitting an average of US$135.50 per square meter in the third quarter, up by 5.8 percent year-on-year. According to a report by real-estate company CBRE, the average monthly rents outside the CBD were only…
Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said. This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the…
Hong Kong high-street retail rents dropped slightly in the final quarter of last year as weakened market sentiment impacted sales growth. According to a market update from property company CBRE, shop rents for the four core retail areas in the city dipped by…
Marina Centre, City Hall, and Bugis precincts reported lower rents. The challenging retail scene was proven by the drop in island-wide prime retail rents, which slipped 0.4% in the first quarter of the year. According to the Singapore Retail Bulletin by…
Despite suggestions to the contrary, luxury retail spending is still rising in the UAE, albeit at a slower pace. Dubai, in particular, is leading the way. In a survey carried out before the World Retail Congress last month, Dubai Chamber said the retail…
According to CBRE’s Q1 2016 MarketView, total commercial property investment turnover in Asia Pacific in the first quarter of 2016 declined by 36% quarter-on-quarter as investors generally turned more risk-averse, due to stock market volatility and weaker…
PRICES of retail space in Singapore continued to fall by 1.9 per cent in the first quarter of 2016, after declining 0.1 per cent in the previous quarter. Rentals of retail space also fell by 1.9 per cent in Q1, after declining 1.3 per cent in the previous…
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…
Singapore retail rents are falling according to the latest figures from real-estate company DTZ Southeast Asia. Average monthly first-storey rent across the island eased by 1.2 per cent quarter-on-quarter to about S$30.15 (US$22.22) a sqft in the first…
First-storey rents throughout SIngapore have fallen by 1.2 per cent to about $30.50 a square foot, according to the DTZ Research South-east Asia fourth-quarter report on the retail sector. This is the third consecutive decline since the second quarter of last…
