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Despite the rise of e-commerce, physical retail continues to retain a strong appeal among consumers. According to Savills latest survey of its global expert network on occupier outlooks, physical retail is proving resilient with responses leaning 65% towards…
The number of house and apartment transactions in the north and the south in 2022 fell to the lowest level in 5 years, according to report by real estate agencies. The report said that the apartment market in Ho Chi Minh City and in some southern provinces…
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,…
Ho Chi Minh City is getting a new shopping centre, Central Premium Mall, in District 8, next year. Set to open in the third quarter of next year, the six-storey mall spans 40,000sqm, and is expected to welcome more than 3 million visitors annually. The first…
H&M Vietnam has opened two new stores, in Ho Chi Minh City and Hanoi. The HCMC store is located inside District 7’s Crescent Mall, managed by Savills Vietnam, while the Hanoi store is situated in Vincom Nguyen Chi Thanh. Crescent Mall, comprising 45,000sqm of…
Chinese hot pot chain Hai Di Lao will open its first UK restaurant at the Trocadero in Piccadilly Circus, London. In a deal facilitated by real estate firm Savills, the brand has signed a 15-year lease of an almost 10,000sqft site. It is the chain’s first…
Hong Kong retail rents are expected to move into an “early upswing cycle” this year according to a regional real estate market briefing prepared by Savills. The report details commercial and residential property leasing trends across major Asian markets and…
Hong Kong retail rents are expected to inch up in 2018 according to projections by Savills. In a media briefing on Tuesday, Savills senior director of research and consultancy, Simon Smith, predicted a rise in prime retail shop rents of up to 3 per cent,…
A “steady if cautious” Hong Kong retail recovery is clearly underway, according to a report from Savills released today. “The retail sector is slowly coming to life after four years of painful adjustment which has seen the emergence of a ‘tenant’s market’, a…
Casino mogul Sheldon Adelson’s price tag of up to S$4.9 billion (US$3.5 billion) for a 49 per cent stake in Shoppes at Marina Bay Sands makes it the “most expensive mall in the world,” he says. However, sovereign wealth funds and private-equity giants may be…
Philippine property giants are entering record capital expenditure programs in 2016, on the back of strong economy, according to the global property advisor Savills. Three of the eight biggest property developers – Ayala Land, SM Prime Holdings and Robinsons…
Savills has signed an agreement with Carrefour to sign up tenants for its new Siyuan Plaza, Carrefour’s first shopping centre in China. Siyuan Plaza is located at Siyuan bridge in the Chaoyang district, in the core of Wangjing commercial region. With a total…
