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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 Asia15/07/2016

Urban park retail development Parc Central, Guangzhou is now fully open in the heart of the CBD. Commissioned as masterplanner, architect and interior designer, Benoy has delivered the Pearl River Delta city project in collaboration with Ronald Lu & Partners. Described as a “stadium for retail”, it blends low-rise and below-ground retail spaces within a […]

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Retail Asia14/07/2016

A consortium – that includes Yoma Strategic Holdings, its wholly-owned subsidiary Yoma Strategic Investments (YSIL); Mitsubishi Corporation and Mitsubishi Estate; First Myanmar Investment (FMI); and the International Finance Corporation (IFC) – will redevelop a Yangon mixed-used development. The Asian Development Bank (ADB) will become party to the deal, with the rest of the corporate entities establishing a joint venture […]

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Retail Asia08/07/2016

Property sector needs reform to attract investments, says minister. Indonesia plans to issue an emergency law – known as a perppu – to break an impasse of more than a decade in efforts to streamline unfriendly laws as the country aims to allow foreigners to purchase apartments in Indonesia. The government had in the past repeatedly […]

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Retail Asia06/07/2016

Thailand’s first world-class museum is to be built as part of the massive IconSiam development on the banks of the Chao Phraya River in Bangkok. The Fine Arts Department of the Thai Ministry of Culture and IconSiam Co have signed a memorandum of understanding to mark their collaboration to preserve Thailand’s arts and cultural artifacts, […]

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Retail Asia06/07/2016

SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime, said Sy “wants to have more free time for himself and his organization is […]

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Retail Asia02/07/2016

Shinsegae Group will open a multiplex shopping mall in Hanam in South Korea’s Gyeonggi province, around September. It says it will be the country’s biggest shopping multiplex with a dining area bigger than the Olympic stadium in Seoul. It will have four storeys above ground and another four below. As well as luxury brands, the […]

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Retail Asia27/06/2016

Hilton Worldwide, a US-based global hotel chain, has steadily been expanding its operations in Indonesia to tap new market opportunities in a hospitality industry that is thriving on the back of steady economic growth and the free visas being offered to the citizens of most of the countries in the world. “We already have four […]

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Retail Asia27/06/2016

Ayala Land will team with conglomerate Aboitiz group to develop a commercial district on the central Philippine island of Cebu, part of a broader investment push outside its home base of Manila. The duo will manage the 10 billion Philippine peso ($215 million) project through a joint venture. The development will take place in the […]

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Retail Asia27/06/2016

Singaporean real-estate investment firm Mapletree Investments has acquired Kumho Asiana Plaza Saigon, a mixed-use complex in Ho Chi Minh City’s CBD, taking its total assets under management in Vietnam to more than US$1 billion. As well as a supermarket, the plaza has mainly restaurants and is anchored by Hard Rock Cafe and Starbucks. It also […]

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Retail Asia24/06/2016

The price-to-book (PB) ratio is a popular way to value a real estate investment trust (REIT). The P/B ratio is calculated by dividing the market capitalisation of a REIT with its book value, or net asset value. Theoretically, having a P/B ratio that is less than 1 means that a REIT is trading for less than what […]

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Retail Asia24/06/2016

Aeon Vietnam will inaugurate its second shopping centre in Ho Chi Minh City, Aeon Mall Binh Tan, on July 1. Larger than Aeon Mall Tan Phu Celadon, which opened in early 2014, it has an total investment exceeding US$120 million and covers 4.6 ha. at the Hi-Tech Healthcare Park of Hoa Lam Shangri-La. It will […]

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Retail Asia24/06/2016

Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore REITs is about to begin,” Philip Levinson, chief executive officer at Singapore-listed Cambridge Industrial, said. The trust has a market capitalization of S$730.5 million […]

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Retail Asia24/06/2016

South Korea’s Lotte Group has come under suspicion of using a shell company that owns a mega mall in Vietnam to funnel money into a possible slush fund. Luxembourg-incorporated Coralis SA, the company in question, developed Lotte Center Hanoi at a cost of around US$400 million. The 65-story shopping and leisure complex was opened in […]

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Retail Asia24/06/2016

The character of Hong Kong streets and shopping malls is changing as more overseas food and beverage operators and retailers catering to local consumers move to the city to take advantage of sharp falls in rent, says Tom Gaffney, CBRE’s managing director for Hong Kong, Macau and Taiwan. He expects retail rents would hit bottom […]

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Retail Asia22/06/2016

Busan’s Haeundae district is best known for its beach that attracts millions of visitors each summer. But it’s also a major MICE (meetings, incentives, conferences, and exhibitions) center, with the Busan Exhibition and Convention Center (BEXCO),and hosts major annual events such as the Busan International Film Festival. Under these conditions, competition between hotels is higher than ever. […]

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Retail Asia20/06/2016

Hong Kong has become the world’s highest-priced office market and Asia continued to top the list of the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s latest semi-annual Global Prime Office Occupancy Costs survey. Hong Kong’s (Central) overall prime occupancy costs of US$290 per sq. ft. […]

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Retail Asia20/06/2016

Last week, the inspired luxury of Conrad Hotels & Resorts makes its debut in the Philippines with the opening of Conrad Manila. Owned by SM Hotels and Conventions Corporation, a subsidiary of SM Investment Corporation and managed by Hilton Worldwide (NYSE:HLT), the 347 room Conrad Manila is located at the forefront of the Mall of […]

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Retail Asia18/06/2016

The Sony Building, a landmark in Tokyo’s Ginza shopping district, will be torn down and replaced with a park. This is not the result of a green movement victory over a corporation – it is Sony’s idea, and it is hoping the park will be similar to New York’s Times Square. Demolition is scheduled to […]

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Retail Asia17/06/2016

Clevo will sell office space and residential units of its IT and consumer electronics retail chain Buynow in China and is poised to float REIT (real estate investment trust) certificates in Taiwan for commercial real estate in China including Buynow stores, department stores and hotels, according to the company. Clevo has also approved its 2015 […]

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Retail Asia16/06/2016

A retail mall, Republic Plaza Saigon, will be part of a Ho Chi Minh City complex being developed byThuy Duong-Duc Binh Trading. Anchoring the project is a 350-room Holiday Inn & Suites hotel – the first of that brand in Vietnam.Holiday Inn is part of the InterContinental Hotels Group (IHG), which already has six properties […]

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