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It is the highest vacancy level since 1Q11. Island-wide, overall vacancy for retail spaces rose 8.4% in 3Q16, recent figures from Urban Redevelopment Authority showed. According to CIMB, this has been the highest level since 1Q11. The brokerage firm noted…
With vacancy at less than 1% in Hong Kong’s prime shopping malls, is it any wonder why brands, particularly those new to the market, are opting to grab a slice of the action by entering the market by doing a pop-up store. So what is a pop-up? Pop-up retail,…
One of the under discussed aspects of rising real estate prices is the attendant rising rents amid a brick-and-mortar retail slowdown. In 2015, the top 100 chain stores saw sales growth of only 4.3 percent. Locally, in Beijing the smaller mom-and-pop retail…
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…
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…
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…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
Kuala Lumpur MRT retail spaces – 41 spots at 21 stations – have been put to tender. The Mass Rapid Transit Corp (MRT Corp) says proposals and bids for the spaces, on the upcoming MRT Sungai Buloh-Kajang line, must be submitted by April 18. Commercial land…
Nine retail shops and a café have opened in the recently-inaugurated 105,000-square-metre Midfield Concourse of Hong Kong International Airport (HKIA). In addition to the new shops, there are also outposts and a money-exchange kiosk. “The Midfield Concourse…
More retail space is available in the city, with a slight dip in prices and a decrease in rental costs. Singapore retail vacancy rates rose to 7.2 per cent at the end of the fourth quarter last year from 7 per cent at the end of the third quarter, according…
The Bankok retail market is now the most competitive it has ever been, with the expansion by retail developers in the central business district (CBD) and suburban areas. The entry of new local and international retailers, combined with a challenging economic…
A shopping centre due to open later this month in Yangon’s new Fun Valley Theme Park has been booked out by businesspeople hoping to capitalise on the amusement park’s popularity. The Kantharyar Shopping Centre will open on November 27 to include retail…
