Real Estate

Don't Miss:

26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia07/05/2020

Singapore department store Robinsons is to close its store in Jem mall in what it terms an “amicable exit” after negotiations with landlord, Lendlease. The Robinsons Jem store will close by the end of August, leaving the Al-Futtaim Group-owned retailer with just two remaining stores in the city-state, at The Heeren on Orchard Road and […]

CONTINUE READING

Retail Asia06/05/2020

Philippine shopping mall SM Aura Premier has launched an online shopping service for customers facing restrictions on movement during the coronavirus pandemic. The Aura Concierge system allows customers to select a method of receiving essential goods, including curbside and drive-through pick-up. Online users can connect to businesses via social media or directly to order products […]

CONTINUE READING

Retail Asia30/04/2020

Malaysian department-store operator Parkson has lost a court case in Cambodia, being ordered to pay US$144.5 million in damages to its landlord Hassan. According to documents filed with the stock exchange in Malaysia, the firm was obliged to forfeit its security deposit and advance payments on top of the rental fee for the whole period […]

CONTINUE READING

Retail Asia30/04/2020

South Korean retail conglomerate Lotte is expanding its e-commerce offering with one-hour delivery grocery services, as part of a plan to double online sales by 2023. The rush grocery delivery service is paired with upgrades to the firm’s product recommendations system in a move to attract higher volumes of online purchases in a market increasingly […]

CONTINUE READING

Retail Asia29/04/2020

Lottes-new-look-downtown-store-in-Seoul-is-a-major-retail-attraction-for-visitors-to-the-city-1024x682.jpg

Japanese department-store chain Isetan Mitsukoshi is likely to report its first loss over a single financial quarter in eight years, according to Asia Nikkei. Losses of ¥5–10 billion (US$46.6–93.2 million) are expected to reflect the impact of the coronavirus pandemic that has seen most Japanese consumers remaining at home during mall operating hours. The loss […]

CONTINUE READING

Retail Asia28/04/2020

Malaysian mall operator Sunway Malls is testing a new policy to allow non-essential retailers to implement flexible operating hours following the advent of government movement control orders. If the one-month test proves to be effective, Sunway will extend the policy for another two months. The move will see participating retailers trading eight hours daily rather […]

CONTINUE READING

Retail Asia02/04/2020

“Unprecedented rental relief measures” are needed from landlords to help retailers overcome the coronavirus crisis, according to the Singapore Retailers Association. In an open letter to landlords, the association has urged landlords to implement a rental payment structure for six months capped at no more than 15 percent gross turnover or a 50-per-cent base rent […]

CONTINUE READING

Retail Asia02/04/2020

Landlords in premium Hong Kong retail areas are proving flexible on rents as retailers experience an unprecedented drop in sales of between 50–80 percent during the first financial quarter this year. Figures from real estate firm Savills show multiple mall landlords are offering temporary rent relief of 30 to 60 percent to beleaguered tenants who have […]

CONTINUE READING

Retail Asia31/03/2020

Thai retail property developer Central Pattana is to waive rent for tenants affected by the government’s shutdown order. The company said in a statement that it will waive the rent for tenants who have been ordered to shut by authorities and offer rent reductions ranging from 10 percent to 50 percent for stores that remain […]

CONTINUE READING

Retail Asia30/03/2020

Aesthetic clinic IDS has launched a flagship on Singapore’s Orchard Road, its largest facility yet. At 4240sqft, the brand’s first flagship outlet separately houses IDS Aesthetics, an IDS Clinic and an IDS Skincare retail outlet on the second floor of International Building. The brand has been absent from Orchard Road, where it was originally set […]

CONTINUE READING

Retail Asia27/03/2020

Isetan Mitsukoshi is to close its 26-year-old Ebisu department store next year after failing to turn around mounting losses. The downtown Tokyo store will close in March or April and the company will redeploy all of its staff to other stores. The closure is the latest in a long string for the troubled retailer which […]

CONTINUE READING

Retail Asia24/03/2020

Malls in India affected by the coronavirus outbreak are seeking a bailout from the government to compensate for losses incurred during a mandatory shut down period through to March 31. The decision has affected both retailers and developers in the various states that have implemented the ban on trading during the affected period in a […]

CONTINUE READING

Retail Asia23/03/2020

Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. But large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with various epidemics, such as Severe Acute Respiratory Syndrome (Sars) in 2003 and Middle East […]

CONTINUE READING

Retail Asia20/03/2020

Singaporean department-store chain Robinsons may close one of its locations in Kuala Lumpur before its lease expires due to lackluster performance. The store launched a four-story 20,000sqft space in The Shoppes in Four Seasons Place less than two years ago, which has failed to live up to the firm’s expectations in terms of footfall. Its […]

CONTINUE READING

Retail Asia10/03/2020

Property developer Hongkong Land has reported a 4-per-cent rise in underlying profit to a record US$1.076 billion for last year – but warned that the advent of the coronavirus outbreak will dent results this year. “The group’s results in 2020 will be impacted by the COVID-19 outbreak, with the performance of development properties in the […]

CONTINUE READING

Retail Asia05/03/2020

Robinsons Retail has reported a 25-per-cent profit drop to US$75.2 million (PHP3.83 billion) last year and $18.8 million in the fourth quarter. However, net sales rose 22.8 percent to $3.2 billion for the full year driven by same-store sales growth of 3.4 percent. It was the first full year including the consolidation of Rustan Supercenters. […]

CONTINUE READING

Retail Asia26/02/2020

Malaysian shopping-center operator Sunway Malls is taking an extended period to consider its position on rental rebates to its retail tenants amidst the coronavirus outbreak. The firm says it will follow the guidance of the Malaysia Shopping Malls Association, which has recommended a longer period of observation to fairly assess the situation. Sunway Malls said […]

CONTINUE READING

Retail Asia26/02/2020

Mall owner-operator CapitaLand is introducing additional support measures to its mall tenants as the coronavirus outbreak continues. CapitaLand has been offering flexible rental payments and a one-time rebates to its mall tenants in a targeted manner and will release a one-month security deposit to offset rental payments for this March. The group met with representatives […]

CONTINUE READING

Retail Asia25/02/2020

There are an estimated 100,00 vacant condominiums in and around Thailand’s capital as a plunge in Chinese demand hits the property sector. Foreign buyers accounted for one-fifth of the Bangkok’s real estate purchases two years ago, according to estimate from local consultancy Agency for Real Estate Affairs, but the ongoing coronavirus outbreak is set to […]

CONTINUE READING

Retail Asia19/02/2020

Singapore-headquartered department-store chain Robinsons has built a 120,000-strong loyalty program database in just 18 months using an app-based solution. The program, called R, is signing up new customers every day through interactions with customers of the company’s five stores in Singapore and Malaysia. The 161-year-old department store has reinvented its customer relationship strategy since teaming […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X