Property News - Inside Retail Asia
Mall owner Hysan Development has boosted turnover by 9.1 per cent to HK$2.086 billion on the back of its newest development, Lee Garden Three contributing its first full accounting period.
The Philippines’ SM Investments has achieved 14-per-cent sales growth in the first half year, its retail division up by 10 per cent.
Hang Lung Properties’ Peak Galleria – a Hong Kong landmark – is nearing the completion of a comprehensive enhancement program and will soon be welcoming customers with a fresh new look and tenant mix.
The parent company of Times Square and Harbour City says business for its retail tenants has become more difficult in the wake of ongoing protests and the China-US trade war.
Thai mall operator Central Group will list its Central Retail Corporation unit, combining retail businesses in Thailand, Vietnam and Italy.
Four retail precincts will anchor a US$3.8 billion development in the heart of Bangkok unveiled yesterday, to be called One Bangkok.
CapitaLand Retail China Trust (CRCT) has boosted net property income (NPI) by 11.1 per cent in the first half year.
CapitaLand has achieved 95-per-cent leasing rate for the retail component of Raffles City Chongqing ahead of its opening in September.
CapitaLand Malaysia Mall Trust has reported a reduced net property income of RM103.1 million for the first half of this year.
Central Singapore retail rents eased by 1.5 per cent in the second quarter of this year, according to data from the Urban Redevelopment Authority.
The Citygate Outlets mall extension is set to open next month, promising a whole new level of shopping and dining experiences with almost double the amount of retail space.
SM Group will assume ownership of Manila’s Harrison Plaza complex from the Martel family by next year.