Property News - Inside Retail Asia
With retail rents still affordable, the Philippines should attract more international brands, a property analyst says.
CapitaLand Mall Asia has signed to manage the shopping mall in La Botanica, a township in Xi’an.
There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert.
The new Siam Paragon Gourmet Garden features more than 30 fine dining restaurants and dessert cafes over an 8000 sqm area.
The new Daegu Shinsegae is a shopping and entertainment complex connected to a transportation hub.
SM Prime Holdings says it has opened its giant new SM City Tianjin shopping centre.
Siam Retail Development plans 10 malls and other projects in Bangkok and upcountry over the next five years.
Sunway Velocity Mall has opened in Cheras, catering to 1.72 million nearby residents.
Retail property development in Metro Manila is expected to stay robust, according to Colliers Philippines.
Korean fashion retailer The Twee will open its first Southeast Asia flagship store at KL Gateway Mall.
A “new wave” of Hong Kong store closures lies ahead, predicts OC&C Strategy’s Pascal Martin, because retailers have over-extended their footprints there.
While naming the buyer for its China and Hong Kong stores, McDonald’s Corp will now keep a stakeholding.