Category: Real Estate

Retail Asia14/06/2016
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5min0
Link Asset Management, which manages Link Real Estate Investment Trust, Link REIT, increased both its revenue and net property income by double figures during the year ended March 31. Revenue rose 13.2 per cent to HK$8740 million (US$1125.68 million), while property income rose 14.9 per cent to HK$6513 million. During the year, the value of […]

Retail Asia14/06/2016
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4min0
With continuing restructuring in the Singapore retail sector it is a tenants’ market, but while rents are generally under pressure, well-located, well-managed suburban malls are in a strong position. Meanwhile, average prime retail rents in Orchard Rd and suburban areas continued to fall in the second quarter of this year, reports CBRE. “Our research shows […]

Retail Asia09/06/2016
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2min0
Shopping mall developer Central Pattana, which runs 29 malls in Thailand, plans to open its first foreign outlet in Malaysia in 2018. It will work through a joint venture with a Malaysian company in which it holds a 60 per cent stake. The new mall, under the Central brand, will be in Shah Alam, west […]

Retail Asia08/06/2016
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2min0
Singapore’s Mapletree has revealed how its SC VivoCity joint venture in Ho Chi Minh City is performing. The shopping centre, built in the heart of District 7, a area popular with expats from Korea and Singapore especially, opened in April 2015. In its recent annual results presentation, Mapletree said almost 90 per cent of SC […]

Retail Asia06/06/2016
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4min0
Against an unfavorable economic backdrop, coupled with growing competition in the Bangkok retail market over the past couple of years, developers have been postponing projects, says property company CBRE Thailand in its retail market review for first quarter. Affected are mega-projects Bangkok Mall, Central M, EmSphere and Mega Rangsit. Instead, says the review, owners have […]

Retail Asia03/06/2016
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4min0
SM Mall of Asia is set to revolutionize its look 10 years after it opened in Manila Bay. The Philippines’ biggest mall will soon house a FIFA World Cup-size soccer field on the mall’s roof deck and a botanical garden. Miami-based firm Arquitectonica will design these. By the end of the year, an Olympic-size skating […]

Retail Asia03/06/2016
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11min0
Siam Discovery in the heart of Bangkok officially opened last week – billed as a shopping centre experience like none other in the world. And when you took a walk through the THB4 billion (US$112 million) redevelopment, for once in this industry the experience exceeded the hype. “We are ready to rock Bangkok and rock the world,” says […]

Retail Asia02/06/2016
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3min0
Integrated development Chengdu IFS has won the overall 2016 VIVA (Vision, Innovation, Value, Achievement) Best-of-the-Best Design and Development Award, presented in Las Vegas by the International Council of Shopping Centers (ICSC). Honouring shopping centre design, the VIVA Awards bring together the gold winners from regional competitions to compete for the international title. Chengdu IFS previously won […]

Retail Asia30/05/2016
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2min0
Outside management will be introduced for Coex Mall Seoul, which has been struggling to attract shoppers since reopening a year ago after renovation. Korea International Trade Association (KITA) chairman Kim In-ho says an entity to manage the mall will be named by the end of the year. This is being entrusted to an outsider so […]

Retail Asia25/05/2016
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4min0
Hilton Worldwide today announced the signing of a management agreement with P.T. Caterison Sukses to manage and re-brand the Grand Nikko Bali as Hilton Bali. The 408-room resort, located on Jalan Raya Nusa Dua Selatan, is planned to open on December 1, 2016. “We are deeply committed to expanding our presence in Indonesia, both by […]

Retail Asia24/05/2016
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6min
Jakarta may have hundreds of shopping malls, but the city has a long way to go to compete with global shopping destinations like Singapore or Hong Kong, as its malls lack interconnection. Property consultant firm Savills Indonesia head researcher Anton Sitorus said recently that malls and shopping centers lacked interconnection as they had been developed […]

Retail Asia23/05/2016
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6min0
After a Bht 4000 million (US$113 million) overhaul, Siam Discovery will re-open in Bangkok this month as a self-described “hybrid retail development”. As well as Thailand’s largest lifestyle speciality store, the complex will feature an “arena of lifestyle experiments”. Opening on May 28, the complex is owned and run by Siam Piwat, which also has […]

Retail Asia19/05/2016
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4min
Siam Discovery will open its doors on May 28 and will become Thailand’s largest lifestyle speciality store. The 40,000-square-metre complex will also be the Kingdom’s “Biggest Arena of Lifestyle Experiments” in retail space. Mayuree Chaipromprasith, senior vice president for business promotion at Siam Piwat, said that with the facelift the new Siam Discovery complex would […]

Retail Asia17/05/2016
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3min
Developed and owned by Ayala Malls, a real-estate subsidiary of Ayala Land, which is an affiliate of Ayala Corporation, one of the oldest and most prominent family owned conglomerates in the Philippines. The firm is widely credited for spearheading the Central Business District in Manila in addition to championing education and the arts across the […]

Retail Asia16/05/2016
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3min0
Lotte Group Chairman Shin Dong-bin will meet Indonesian President Joko “Jokowi” Widodo during his three-day state visit to Korea which began Sunday. According to a Lotte official, Sunday, Shin and Widodo will have a meeting at Lotte Hotel in central Seoul today, to discuss advancements of the group’s investment and business in the country. President […]

Retail Asia14/05/2016
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10min
REAL Estate Investment Trusts (Reits) were once hailed as the saviours of Singapore’s shopping malls. The theory was that single-owner malls would never match malls run by Reits. And at first, that seemed obvious. After all, compare malls like Sim Lim Square and Ming Arcade (single-owner) to Plaza Singapura and Bugis Junction (run by CapitaLand). […]


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