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Retail Asia23/12/2016

SM Prime Holdings says it has opened its giant new SM City Tianjin shopping centre. But some property industry sources are expressing concerns that the second-tier Chinese city is already over-malled and wondering how the centre will fare. “The Philippines biggest retail developer must be hoping that Christmas is catching on in Tianjin,” observed property […]

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Retail Asia23/12/2016

Korean retail giant Shinsegae Department Store’s new Daegu Shinsegae is a large-scale shopping and entertainment complex connected to a transportation hub in the southern city. Covering more than 103,000 sqm, it is Shinsegae Department Store‘s second large-scale branch outside of Seoul, following the Centum City branch in Busan. As well as traditional shopping areas, Daegu […]

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Retail Asia22/12/2016

There is no doubt that Singapore is a paradise for shopaholics and foodies. And, it doesn’t come as a surprise if the island nation has some of the finest malls. Recently, Forbes rated the best five malls in Singapore based on the shopping experience and food offerings. At number five is Paragon Shopping Mall on […]

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Retail Asia22/12/2016

Siam Retail Development plans to open 10 shopping malls and mixed-used projects in Bangkok and upcountry Thailand at an expected investment cost of Bt50 billion (US$1.3 billion) over the next five years. In Bangkok, the group has developed Fashion Island Shopping Mall, Terminal 21 Asoke and The Promenade and Life Center. Terminal 21 Korat, in […]

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Retail Asia21/12/2016

The government’s decision to increase house prices for foreign buyers has been met with positively by Indonesian real estate business players, who reason that it will help to protect the domestic property market. “If the government keeps the price low for foreign buyers, Indonesians will be forced to bear the high price jump. Therefore, I […]

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Retail Asia21/12/2016

Lotte Mart, a discount store chain operated by retailer Lotte Group, said Wednesday it has opened its 46th store in Indonesia in line with its global growth strategy. With floor space of 5,572 square meters, the Pramuka shop opened on the underground floor of a commercial-residential building in Jakarta with some 7,000 households. Lotte Mart’s […]

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Retail Asia21/12/2016

YCH Group, a supply chain management, and logistics company in Asia-Pacific, has launched a retail hub in Xiamen, China, which is envisioned to support the Pilot Free Trade Zone project in the region. The project, which will be the first major mall in the region, will serve the needs of the population in the immediate […]

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Retail Asia21/12/2016

Sunway Velocity Mall has opened in Cheras, with a catchment of 1.72 million residents including the nearby areas of Ampang and Kuala Lumpur. With a neo-futuristic appearance, the sphere-shaped shopping centre, known as the “KL Orb”, is set to be a landmark on the city’s skyline, especially with its LED light display. Its opening is […]

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Retail Asia19/12/2016

The Korea Customs Service awarded the three biggest remaining 10-year downtown duty free licenses in Seoul to Lotte Duty Free, Shinsegae DF and the Hyundai Department Store yesterday. At the same time, ‘Top City’ won the one small, medium enterprise Seoul contract, while the two remaining provincial licenses were gained by Busan Duty Free and […]

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Retail Asia15/12/2016

Bank Indonesia predicted that the interest rate of consumer credits including housing credits(KPR) would decline in 2017 as a result of the relaxation of its monetary policy. Director of Macro prudential Policy of the Central Bank Dwityapoetra S. Besar, said here on Wednesday relaxation already began in the central bank monetary policy in 2016 though […]

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Retail Asia15/12/2016

Chief executive of Sunlight Real Estate Investment Trust (0435) Keith Wu Shiu- kee said the volatile period in the retail market at the start of the year has passed. Wu said though the local retail market was not performing well over the past two to three years but its impact on rents for shops in […]

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Retail Asia14/12/2016

Ahead of this Saturday’s highly anticipated downtown duty free license awards in Seoul, South Korea, Lotte Duty Free has promised to invest Won2.3 trillion ($1.97bn) on tourist-related investments in the upmarket Gangnam quarter of Seoul between 2017 to 2021. It has also pledged to include support for small and medium-sized business partners while finding ways […]

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Retail Asia10/12/2016

A “new wave” of Hong Kong store closures lies ahead, because many retailers have over-extended their footprints, says OC&C Strategy’s Pascal Martin. Commenting on the sudden closure of the Ralph Lauren flagship store in Causeway Bay this week, Martin said there will be a continuing wave of closures for the next one to two years […]

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Retail Asia08/12/2016

Opened in 2013, Lippo Mall Kuta is a three-floor mall that offers 21,132 square meters to international and local tenants, such as Nike, Bata, Quicksilver, Planet Sports, Amazing Kuta, Matahari Department Store and Cinemaxx. Lippo Karawaci president director Ketut Budi Wijaya said the acquisition is part of “light assets program,” by which the property developer expects to increase its revenue […]

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Retail Asia08/12/2016

Delhi’s first mall, Ansal Plaza, repositioned as Delhi’s ultimate Sports and F&B Destination, has opened its door to its two anchor brands, Decathlon, the global sports retail giant and The Arena, Ultra Luxury lounge. During a daylong celebration, Ansal Plaza hosted the grand opening of one of India’s biggest two level Decathlon Khel Gaon store, […]

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Retail Asia07/12/2016

Sunway Malls picked up two Gold Awards in front of 700 malls professionals, retailers and affiliated industries players at the inaugural Malaysia Shopping Malls Association’s (PPK) Best Experiential Marketing Awards 2016. Sunway Malls emerged as winners in two out of the three categories that saw 37 entries from 21 malls. The group beat competition from […]

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Retail Asia06/12/2016

Set to open in 2021, the new-build InterContinental Vientiane will become the company’s second hotel in Southeast Asian country, following the existing Crowne Plaza Vientiane. It will also become one of the Lao capital’s largest hotels, with more than 400 rooms. Built by Lao International Development, the hotel will form part of the new World […]

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Retail Asia06/12/2016

An 80,000 sqm mall has been opened in eastern Metro Manila by Southeast Asian integrated property company SM Prime Holdings. As its 60th mall in the Philippines, SM City East Ortigas reinforces its commitment to continue expanding there given the economy’s strong performance, says SM Prime president Jeffrey C Lim. SM Prime’s malls in eastern […]

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Retail Asia06/12/2016

Shareholders at the SPH Reit annual general meeting yesterday asked if the real estate investment trust sponsored by media group Singapore Press Holdings (SPH) would add Seletar Mall to its portfolio. The threat of online shopping was among other queries during the 90-minute meeting. In response, chairman Leong Horn Kee said the Reit is always […]

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Retail Asia03/12/2016

Singapore’s canyon of skyscrapers has a new peak with the opening of the Tanjong Pagar Centre on the fringes of the central business district, sitting atop one of the wealth city state’s busiest train stations. The complex, dubbed a “vertical city”, marks the revival for an area of the business core of Singapore, about a kilometre […]

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