Tag: rent

Retail Asia29/04/2022
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2min0
Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam. Grade B rents averaged $25.9, up 1.7 percent and 3.1 percent. Similar surveys by other consultancies Colliers […]

Retail Asia05/03/2021
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2min0
Hong Kong’s luxury property market continues to post record numbers with the latest leasing contract. A 10,804 square foot home in the city’s wealthiest district was rented out for HK$1.35 million per month, according to a statement from local developer Wharf Holdings. This is a record figure, according to a Bloomberg report citing real estate […]

Retail Asia02/03/2021
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3min0
Casual apparel retailer Bossini says it will close more stores in Hong Kong as many landlords remain unwilling to convert leases to turnover-based rents. The company has reported a loss of US$11.2 million for the December half after sales fell 25 percent. With Hong Kong and Macau accounting for 66 percent of sales in 2019, […]

Retail Asia12/11/2020
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2min0
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital city, according to a recent report by real estate consultancy Savills. […]

Retail Asia29/10/2020
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1min0
The average rent for serviced apartments in HCMC has fallen to a five-year low as the Covid-19 pandemic stifles demand. The $23 per square meter per month price tag in the third quarter marks a 10 percent year-on-year fall, according to data compiled by real estate consultancy Savills. Occupancy fell 19 percentage points to 65 […]

Retail Asia09/10/2020
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6min0
The world’s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong’s deepening recession. Global brands from Prada to Rolex and Victoria’s Secret have in the past year vacated their space near or along Russell Street in Causeway Bay – […]

Retail Asia05/11/2019
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1min0
Singapore retail rents increased in the third quarter of this year, according to Urban Redevelopment Authority. Figures published by The Straits Times show the rental rates increased by 2.3 percent, overturning a fall of 1.5 percent during the previous quarter. According to the URA, the total supply of retail space available in ongoing projects within […]

Retail Asia04/11/2019
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2min0
Saigon retail rents are rising with space in the CBD hitting an average of US$135.50 per square meter in the third quarter, up by 5.8 percent year-on-year. According to a report by real-estate company CBRE, the average monthly rents outside the CBD were only US$35.80 per square meter, down 3.7 percent quarter on quarter. Saigon […]

Retail Asia04/10/2019
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4min0
Hong Kong beauty retailer Sa Sa is in discussion with landlords over rent reductions and will reduce staff as it tries to address falling sales. In a profit warning, Sa Sa chairman and CEO Simon Kwok said August was its weakest month, with sales down by 32 per cent in Hong Kong and Macau. That […]

Retail Asia29/07/2019
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4min0
Hong Kong’s retail leasing market is showing signs of slowing in tandem with easing retail sales. According to real estate advisor Savills says shopping-mall rents changed little in the second quarter, while prime streetfront retail rents fell by 1.9 per cent. Savills does not expect any “big headline deals” in retail rentals during the second […]

Retail Asia17/06/2019
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2min0
Singapore’s first peer-to-peer on-demand rental marketplace MyRent has launched. The site allows Singaporeans to rent items including photographic and sporting equipment, seasonal apparel and video games. After a beta trial, it already has more than 2000 registered users with 800 active listings. “The idea behind MyRent is to allow users to own experiences instead of […]

Retail Asia30/04/2019
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2min0
Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in partnership with the shared micro-mobility integrated platform “GoGoSing.” Under the terms of the deal, GoGoSing […]

Retail Asia11/04/2019
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4min0
Bonjour Holdings sales fell 7.3 per cent last year as the health and beauty products retailer reorganised its store network. The company reported a loss attributable to shareholders of HK$39.6 million (US$5 million), which was a significant improvement on the previous year’s loss of $202.3 million. Same-store sales crept up 0.8 per cent, albeit that […]


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