Category: Real Estate

Retail Asia05/03/2021
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2min0
Hong Kong’s luxury property market continues to post record numbers with the latest leasing contract. A 10,804 square foot home in the city’s wealthiest district was rented out for HK$1.35 million per month, according to a statement from local developer Wharf Holdings. This is a record figure, according to a Bloomberg report citing real estate […]

Retail Asia04/03/2021
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3min0
 Centara Hotels & Resorts, Thailand’s leading hotel operator, expands its popular family-themed resort brand with the world’s second Centara Mirage, opening in a popular beach destination in southern Vietnam. Located a few hours’ drive from Ho Chi Minh City, Centara Mirage Resort Mui Ne will be a Spanish Mediterranean themed waterpark resort inspired by nautical […]

Retail Asia17/02/2021
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1min0
Located in Hong Kong’s exclusive Mid-Levels neighborhood, the apartment is Asia’s priciest, according to «Bloomberg.» A 3,378 square foot penthouse at the 21 Borrett Road development was sold on Monday for HKD $459,408,000 ($59,258,165) to an unnamed buyer, according to transaction details published by the developer. The apartment on the 23rd floor also comes with its own […]

Retail Asia26/01/2021
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1min0
HCMC’s average hotel occupancy rates dropped 54 percentage points year-on-year to 20 percent last year as Covid-19 travel restrictions hit foreign arrivals, a report says. Over 3,600 hotel rooms were closed last year as the number of foreign tourist arrivals plunged 85 percent year-on-year to 1.3 million, according to real estate consultancy Savills. Average room […]

Retail Asia13/01/2021
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1min0
Resort real estate supply and sales fell to a five-year low last year, according to real estate consulting company DKRA Vietnam. Supply of villas fell by 79 percent to 541, and only 239 were sold, an 88 percent decline, it said. There were only three new condotel projects with a total of 525 units last […]

Retail Asia12/11/2020
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2min0
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital city, according to a recent report by real estate consultancy Savills. […]

Retail Asia02/11/2020
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2min0
Shopping center operator CapitaLand Malaysia Mall Trust suffered a 17.2 percent hit to quarterly income, which was knocked down to $6.08 million for the third quarter. The fall was largely attributed to higher levels of vacancies and the rental relief granted to tenants under Malaysia’s Recovery Movement Control Order – an order that has been […]

Retail Asia26/10/2020
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5min0
Property giant CapitaLand said it will further waive and potentially defer rent for qualifying small and medium-sized enterprise (SME) tenants, though this will lead to an “adverse impact” on its earnings this year. The move is in accordance with the latest Covid-19 (Temporary Measures) (Amendment) Bill in Singapore, which requires landlords to provide SME tenants with additional rental […]

Retail Asia20/10/2020
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2min0
Hanoi’s Q3 new apartment supply fell 60 percent year-on-year to a five-year low of 3,100 units as Covid-19 hampered new launches. Of the new supply, only 700 units, or 23 percent, came from four new projects, while the rest were from nine existing ones, Do Thu Hang, director of advisory services at real estate consultancy […]

Retail Asia09/10/2020
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6min0
The world’s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong’s deepening recession. Global brands from Prada to Rolex and Victoria’s Secret have in the past year vacated their space near or along Russell Street in Causeway Bay – […]

Retail Asia09/10/2020
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5min0
The new Starfield Anseong, the second joint venture between Taubman Asia and Shinsegae Property, opened today in Anseong, Gyeonggi Province, South Korea. The one million square foot, modern shopping, entertainment, and dining destination is Taubman Asia’s fourth successful development project. It will serve as the primary mall for Anseong, one of the fastest-growing areas of […]


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