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An estimated 177,000 square meters of new retail space is on the horizon, set to make waves in Manila’s market by the second half of 2025. As the bustling holiday season approaches, tenants are revamping their strategies and gearing up for a promising…
As Asian retail continues to evolve at a rapid pace, recent data reveals a fascinating landscape reflecting both resilience and transformation. As of October 2023, retail in the region is showing signs of recovery post-pandemic, driven by an increase in…
The Mumbai retail landscape is poised for an exciting transformation, with JLL analysts forecasting a vibrant expansion of premium malls packed with new local and global brands—all designed to elevate the shopping journey. Promising Growth on the Horizon As…
A major Hong Kong airport revamp is planned spanning passenger facilities and retail spaces. Architectural firm Lead8 has been appointed lead designer for the planned Hong Kong International Airport (HKIA) Terminal 1 renovation. Working with Airport Authority…
Hong Kong retail rents are tipped for a modest rise of up to 5 per cent this year according to a research report from real estate advisor Savills. But the authors, Nick Bradstreet, MD, head of leasing and Simon Smith, senior director, research & consultancy,…
Chinese mall operator Bailian is merging two disused department stores on Shanghai’s Huaihai Road in partnership with urban renewal firm URF to create Theatre X. The two malls on the city’s prime retail street were formerly trendy shopping destinations.…
Swire Properties and Lujiazui Group officially announced the naming of their joint-venture retail project as “Taikoo Li Qiantan”. Located in the heart of the Pudong Qiantan International Business District, this project embodies Swire Properties’ “Taikoo Li”…
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…
Courts Asia is to close one of its Indonesian megastores. “The group decided to close the Courts Bumi Serpong Damai (BSD) City Megastore in Tangerang as it is historically not profitable and the group does not want to incur the high rental costs over the…
A “plethora of paints and fabrics that radiate warmth” are at the core of the redesigned Shanghai Tang Pacific Place boutique. Design house Stefano Tordiglione Design (ST) oversaw the executive design and project management of the revamped 154sqm space, which…
Bankrupt US retailer Sears has informed 80 further stores of impending closure, in addition to the 40 store closures already announced. The second batch of closures is expected to be finalised by late March 2019, with liquidation sales expected to begin in…
2018 saw further liberalization of FDI policies, repositioning Indian retail on the global investment map and attracting a large number of global retailers into the country. In H1 2018, private equity investments into Indian retail swelled to over US$ 300…
Property consultant CBRE on Tuesday said the supply of retail space rose 27 percent during January-June period this year in seven major cities to cater the rising demand from domestic and foreign retailers. In its latest report titled ‘India Retail Market…
Continuously ranked as one of the best in the world, Singapore Changi Airport is an experience rather than a simple stop towards your destination. The award-winning airport offers its visitors a wide range of attractions, from shopping to dining and…
Prime Yangon retail space remains almost fully occupied despite a record addition of new stock on the market last year. As a result, city retail rents are likely to rise by 4 to 5 per cent in the near-term, reflecting high demand. “Rents should continue…
South Korean Rental services, which in the past were typically limited to water purifiers or bidets in South Korea, are rapidly embracing other products. According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter…
