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Ingka Centres, part of Ingka Group, is set to open a mixed-use development in Gurugram, Southwest of New Delhi, marking Ikea’s first shopping mall in the country. Construction is set to start early next year, with an investment of US$448 million. The project,…
Ikea’s arm Ingka Centers is to launch India’s first Ikea mixed-use destination in the outskirts of Delhi, Noida. The plan was announced after the retailer secured a 47,833sqm plot of land in Noida, Uttar Pradesh. The project will cost about US$760 million and…
Shopping malls in the Philippines are bucking international trends and are trading stronger than ever, says retail technology expert Nikki Baird. Their secret, she says, is that they offer a wider range of experiences to customers. “Shopping malls in the…
Singapore’s sovereign wealth fund GIC is partnering with Indian property developer DLF, to construct India’s largest shopping mall. Down Town will be a mixed-use development of more than 2.5 million sqft, featuring retail and commercial space. It will be…
Link Asset Management has bought the Centralwalk shopping mall in Shenzhen’s CBD via its real estate investment trust. The RMB6.6 billion (US$981.9 million) transaction marks Link REIT’s first acquisition in Shenzhen, the second in the Greater Bay Area and…
Thailand can expect a slew of shopping mall openings in 2017, according to retail experts, as more international fashion brands and retailers look to take advantage of the evident mall culture in the Southeast Asian market. Japanese bank and consulting group…
According to a Savills report, there are at least nine major mall projects in the pipeline from Q4 2016 to 2020, totalling around 6.2 million sq ft of retail supply. The upcoming retail supply for 2016 is mainly from the new mixed-use developments in the…
An extensive study by the National University of Singapore’s Business School between 2010 and 2012 showed a significant difference in the spending habits of Singaporeans, between those who lived closer to the Malaysian border and those further away, The New…
Ho Chi Minh City can expect its first underground shopping mall by 2020. According to local news sources, the city’s government has sought central government approval to build a four-level Saigon underground mall beneath a station in its first metro route,…
Two Kuala Lumpur malls, collectively offering more than 2 million sqft (185,806 sqm) in net lettable area, will open in Cheras, Klang Valley, by the end of the year. Moreover, the MyTown Shopping Centre (below picture) and Sunway Velocity Mall (above picture)…
Thai developer MBK plans to spend 500 to 800 million baht (US$14 to 23 million) building a community mall in Pathum Thani province next year. President/chief executive Suvait Theeravachirakul says the mall will be opposite Bangkradi Industrial Estate in…
A number of shopping malls in Jakarta will remain open on the Eid al-Fitr holiday or Lebaran on Wednesday to serve visitors. The malls that will open that day include Atrium and Lotus. “We will open late,” an employee of the Lotus shopping mall, Doni, said…
Punggol shopping mall Waterway Point will open on Jan 18 next year, it announced on its Facebook page. In replies to comments on a post on the page, which has more than 30,000 fans, it said: “We are pleased to share with you that Waterway Point will be…
China’s accelerating slowdown has put shopping mall operators already struggling to fight off the inroads of e-commerce under the gun. But not all is doom and gloom as a wave of consolidation may allow some to thrive. “The supply of mall space in China is…
India’s Big Bazaar is now present in more than 100 cities in India. The last store to be opened by the retail chain last December was the Rourkelo store in Orissa. In the last three months prior to the opening of its newest store, Big Bazaar also opened 17…
