Category: Real Estate

Retail Asia18/09/2020
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3min0
Hotels with ‘for sale’ signs have mushroomed across different parts of Vietnam, despite scarcity in buyers. The sales trend first kicked off in central areas of HCMC and Hanoi’s Old Quarter, but later spread to other tourism hotspots like Phu Quoc Island, Da Nang City, and other coastal towns including Nha Trang, Vung Tau, and […]

Retail Asia11/08/2020
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4min0
Aptos, a recognized market leader in retail technology solutions, today announced that The SM Store, the largest department store chain in the Philippines, will deploy Aptos Merchandise Financial Planning to optimize its omnichannel merchandising strategies. The solution will provide end-to-end support for the retailer’s merchandise planning activities across its bricks-and-mortar and online channels. The SM […]

Retail Asia29/07/2020
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5min0
Malaysian department-store operator Parkson is to quit operating full-scale stores in Vietnam after years of losses. At one stage the company had 10 stores in the country and was confident of long-term success given it was the first overseas department-store brand to enter the market. This week, Singapore-listed Parkson Retail Asia announced that subject to […]

Retail Asia27/07/2020
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2min0
Indian developer Phoenix Mills has launched a 1 million sqft mall in Lucknow, called Phoenix Palassio. “Phoenix Palassio is the first mall to become operational of the five that we are developing as a part of our ongoing expansion of over 5 million sqft across Lucknow, Pune, Bengaluru, Indore, and Ahmedabad,” said The Phoenix Mills […]

Retail Asia02/07/2020
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6min0
Centara Hotels & Resorts, Thailand’s leading hotel operator, continues its support of the country’s medical workers with the launch of its “10,000 Thanks” campaign dedicated to the heroes working tirelessly for the wellbeing of the people.  As a token of heartfelt gratitude for the healthcare heroes in the ongoing fight against COVID-19, Centara is donating 10,000 […]

Retail Asia16/06/2020
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2min0
Suntec City will host Suntec Shopfest next week, a first-of-its-kind, live-streaming shopping festival in Singapore. The mall operators’ interactive live stream show will be broadcast via the Suntec+ app during four-hour-long interactive sessions showcasing 16 participating Suntec City stores with more than 40 brands, including Harvey Norman, Fossil, Aldo, Royal Sporting House, W Optics, Clarks, […]

Retail Asia10/06/2020
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1min0
Japanese developer Mitsui Fudosan is set to open a Mitsui Outlet Park in Taichung, Taiwan. The plans, which will include a Mitsui LaLaport shopping mall, have been given official approval by the area administration following a delegation to led by Taiwan Mitsui Fudosan Group chairman Shitamachi Ichiro, which was granted an audience with Taichung’s Mayor […]

Retail Asia03/06/2020
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2min0
Indian retailers with stores in shopping malls are threatening to close shop if landlords do not meet demands for waivers and new rental agreements. Retailers representing 350 brands are seeking relief from tough rental commitments in the likely face of 12 months of low business driven by the Covid-19 crisis, proposing new arrangements such as […]

Retail Asia03/06/2020
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1min0
Japanese department store sales plunged 60 percent last month as the Covid-19 crisis saw retailers close or operate under reduced hours across the country. Sales in the Matsuzakaya and Daimaru department stores were down 73.2 percent year on year, although that was an improvement on the 79.1-per-cent decline a month earlier. Rival operator Takashimaya says […]

Retail Asia02/06/2020
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1min0
South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in tourist numbers caused by the coronavirus epidemic. Numerous outlets at prime tourist destination Jeju Island will be closed this month. A Lotte Duty-Free store that has already been operating under reduced hours since February will close pending the resolution […]

Retail Asia02/06/2020
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3min0
CapitaLand Singapore plans to roll out “innovative tech solutions” in its properties as the city-state prepares for phase one reopening tomorrow, June 2. Among the measures: anti-microbial coating for high-contact areas including lifts and lift buttons, door entrance buttons, handrails, touch screens, toilet cubicles and basins, family rooms and customer service counters; disinfected floor mats […]

Retail Asia27/05/2020
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1min0
South Korean retail group Lotte Shopping will sell off 121 stores this year in an attempt to recover from the impact of the coronavirus pandemic on sales. The company says it will close five department stores, 16 discount stores, 75 supermarkets and 25 physical stores linked to its online mall LOHB within this year. The […]

Retail Asia14/05/2020
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3min0
Centara Hotels & Resorts, Thailand’s leading hotel operator, recently donated 1,500 food boxes to the Thai Government’s Public Relations Department, as part of its ongoing efforts to help those communities and individuals most affected by the COVID-19 pandemic. The meals, which were prepared by a team of food and beverage staff at Centara’s flagship, Centara […]

Retail Asia13/05/2020
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6min0
The relationship between retail landlords and tenants is set to change forever after the Covid-19 pandemic, according to Thai real estate executive Jariya Thumtrongkitkul. “Retail landlords and tenants’ co-operation will become more crucial than ever before,” says Thumtrongkitkul, who is head of advisory and transaction services – retail at CBRE Thailand. “Both sides will now […]


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