retail real estate Archives - Inside Retail Asia
Hong Kong retail real estate sales are showing signs of growth, with more transactions in January than in every month of last year except December.
A “steady if cautious” Hong Kong retail recovery is clearly underway, according to a report from Savills released today.
Strong economic prospects and favourable demographics will continue to see Asia Pacific’s retail landscape evolve – but the speed of growth with differ across markets, writes Lee Fong* of JLL. A growing, wealthier consumer base will present many opportunities; however, retailers and mall operators are likely to be more selective about growth strategies as competition intensifies. In emerging Asia Pacific, Tier 2 and 3 cities will gain prominence as retailer presence and shopping centre stoc…