Inside Retail Asia breaking property and Real Estate news within the retail industry.

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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.