Property News - Inside Retail Asia
CapitaLand wins rights to manage Bugis Village for up to nine years
Singapore property developer CapitaLand is set to refurbish the Bugis Village and Bugis Street retail spaces after winning a joint tender to manage both from the Singapore Land Authority.
Bangkok’s Thaniya Plaza to be refurbished for the first time in 30 years
Thai developer Thaniya Group plans to invest more than US$33 million on renovating Thaniya Plaza, its first major makeover project in 30 years.
Chow Tai Fook to close raft of Hong Kong stores
Chow Tai Fook Jewellery Group has revealed plans to shut about one in five of its Hong Kong stores, the majority of them in prime tourist areas.
Sim Lim Square sale fails again, so 11 stores carved off in new pitch
Singaporean tech market Sim Lim Square has failed at its second en bloc tender attempt, prompting 11 of its stores to be put up for sale.
Sluggish sales dampen India retail leasing activity
Indian retail leasing activity in major cities slumped 35 per cent last year as the country’s economy continued on a sluggish course.
Building social currency through design in the new digital era
Building brand authenticity and social currency through design is a defining movement for retail property owners.
Central Group launches Porto de Phuket lifestyle mall
Thailand’s Central Group has launched a new shopping mall, Porto de Phuket, in Phuket’s Thalang District.
NWP Retail to buy five Indonesian malls
Indonesian retail shopping mall platform NWP Retail is set to acquire five shopping malls, two owned by local subsidiaries of Singapore-listed Lippo Malls Indonesia Retail Trust.
Parkson to exit MyTown Shopping Centre in February
Malaysian department store chain Parkson will close its outlet in MyTown Shopping Centre, Cheras next month.
Sanlin InCity mall in Shanghai sold to Singaporean investors
ARA Asset Management has acquired a Shanghai mall for US$345.2 million in partnership with Singapore-based Straits Trading and China’s ICBC International.
Sagging consumer sentiment dents Thai retail industry
The Thai retail industry is facing a period of low consumer confidence, according to a CBRE research report, resulting in little sales growth.
Singapore’s Sim Lim Square for sale… again
Singapore’s Sim Lim Square mall has been put up for sale under a second tender following the discovery that it is actually 27 per cent larger than previously understood.
