Property News - Inside Retail Asia
Indian retailers in mall revolt
Indian retailers with stores in shopping malls are threatening to close shop if landlords do not meet demands for waivers and new rental agreements.
Revenue rises, but Link posts US$2.2m loss on revaluations
Link Asset Management has recorded a US$2.2 million paper loss due to property revaluations, in a trading year when revenue rose 6.8 per cent to $1.38 billion.
CapitaLand Singapore malls test new technology in Covid-19 fight
Singapore shopping-mall operator CapitaLand plans to roll out “innovative tech solutions” in its properties as the city state prepares for phase one reopening tomorrow.
Festival Walk Hong Kong mall in flash flood
Hong Kong’s Festival Walk mall was evacuated on Saturday night as water gushed from upper-level sprinklers.
Hong Kong retail at ‘life-or-death’ moment says HKRMA
Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail body the HKRMA.
Hong Kong’s Landmark mall launches ‘e-chat shopping’ initiative
Hong Kong’s Landmark mall has launched the city’s first luxury “e-chat shopping” service on its mobile app.
CapitaLand launches new e-commerce platforms in Singapore
CapitaLand has launched new e-commerce and food ordering platforms in Singapore, dubbed eCapitaMall and Capita3Eats.
Timeless City – Riverside Paradise Walk opens in Chengdu
Timeless City – Riverside Paradise Walk has opened in Chengdu, China, located alongside the Cheng Hua Avenue and Sha He (Sand River)
Malaysia’s Sunway Pyramid launches online platform for Hari Raya
Malaysia’s Sunway Pyramid mall has launched an online platform to help customers purchase safely during Hari Raya celebrations this year.
Oriental Times Plaza mall in Anshan set for October opening
The Oriental Times Plaza Mall in Anshan, in China’s northeast, is poised to open this October, the first OTP Mall developed by Anshan Tianxing Investment.
Changi Airport further consolidates terminals; more stores shuttered
Following the suspension of operations in Terminal 2, Changi Airport is to further consolidate operations and indefinitely close more retail stores.
Retail landlords and tenants should prepare for a ‘new era’
The relationship between retail landlords and tenants is set to change forever after the Covid-19 pandemic, according to Thai real estate executive Jariya Thumtrongkitkul.