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Retail Asia18/01/2019

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Hong Kong high-street retail rents dropped slightly in the final quarter of last year as weakened market sentiment impacted sales growth. According to a market update from property company CBRE, shop rents for the four core retail areas in the city dipped by 0.4 per cent quarter on quarter in the last three months of […]

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Retail Asia15/11/2018

Causeway Bay in Hong Kong is now home to the world’s most expensive retail space. According to the annual Cushman & Wakefield survey of high-street retail rents, Causeway Bay has overtaken New York’s Fifth Avenue for the top spot, with rents of US$2671 per sqft per year, or €24,606 per sqm per year. The calculations […]

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Retail Asia02/08/2018

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JLL, one India’s largest professional real estate services firm, in their half yearly update note that net absorption in H1 2018 for retail space has seen a rise of over 75 percent year–on–year (y-o-y) recording a total absorption of 1.9 million square feet (msf) in the first half of 2018. In the same time new […]

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Retail Asia26/07/2018

A recent survey by JLL found that 83% of international and local retailers have plans to open new stores in Hong Kong over the next 12 months, a significant jump from 62% as recorded a year ago. More retailers planned to expand as retail sales in the first half have increased noticeably and are expected […]

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Retail Asia25/07/2018

Bangkok retail rents rose in prime downtown locations in the second quarter, yet there was a decline in midtown locations, despite retailers migrating there. According to research from real estate specialist Edmund Tie & Company, occupancy rates in both downtown and midtown remain strong as supply in the downtown area was limited. While tenants started […]

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Retail Asia23/05/2018

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For the first time in five years, the demand for retail space in Hong Kong has not declined. Results from the RICS (Royal Institution of Chartered Surveyors) Hong Kong Commercial Property Monitor for this year’s first quarter indicate that the demand for retail space has not changed from last year’s fourth quarter. The Occupier Sentiment […]

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Retail Asia26/03/2018

Hong Kong retail rents are expected to move into an “early upswing cycle” this year according to a regional real estate market briefing prepared by Savills. The report details commercial and residential property leasing trends across major Asian markets and as the accompanying tables show, compares occupancy costs of space as well. It groups major […]

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Retail Asia05/03/2018

Structural headwinds from e-commerce are blamed for retailers woes. Despite economic growth in Singapore, prime rents and yields, which reached $35 psf per month and 4.3% respectively, are expected to stay flat, Savills Investment Manager said. According to its 2018 outlook, despite a broader recovery in Singapore’s economy, the country’s increasing interest rate environment, elevated […]

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Retail Asia04/01/2018

Singapore retail rents stabilised island-wide in the last quarter of last year, according to real estate specialists Edmund Tie & Company. In the company’s quarterly Real Estate Times research report, ETC said monthly rents of ground-floor space in the Orchard/Scotts Road precinct were the most resilient of the year, staying firm at $37.20 per sqft, […]

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Retail Asia14/12/2017

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Hong Kong retail rents are expected to inch up in 2018 according to projections by Savills. In a media briefing on Tuesday, Savills senior director of research and consultancy, Simon Smith, predicted a rise in prime retail shop rents of up to 3 per cent, following a decline of 2 per cent this year. “The […]

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Retail Asia17/11/2017

Despite plummeting retail rents in Hong Kong, Causeway Bay has retained its ranking as Asia’s most expensive retail strip – and the world’s second, behind Upper 5th Avenue in Manhattan, New York. Soaring London rents have seen New Bond Street rise to become the world’s third most expensive retail street, according to an annual survey […]

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Retail Asia17/11/2017

Bond Street in London is the new entry in the podium of the highest rents globally, after overtaking the Champs Elysées in Paris. Property firm Cushman & Wakefield released the new list this week and said that Upper Fifth Avenue in New York stays top ($3,000 per square foot) with Hong Kong’s Causeway Bay next ($2,725). After Bond Street […]

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Retail Asia14/11/2017

To gauge how much the Hong Kong shopping experience is changing, take a walk through Pacific Place mall. Burberry Group Plc has shrunk its store and the space now also houses a Pure yoga studio and juice bar. Coach Inc. has been replaced by a tea company. Some of Louis Vuitton’s space has given way to a Southern California-style bar […]

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Retail Asia04/02/2017

Singapore retail rents slipped by 4.2 per cent in 2016 – an improvement on the 5.7 per cent decline of 2015, according to data from Edmund Tie & Company research. And they should remain resilient in the year ahead. The islandwide average monthly retail gross rent fell to about $29.25 per sq ft last year […]

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Retail Asia26/01/2017

After falling 12 per cent in 2016, the pace of decline in Hong Kong high street retail rents should ease in the year ahead, predicts CBRE. Last year’s decline followed a 17 per cent fall in 2015. That represents a full 27 per cent fall since rents were at their peak in 2014. But this […]

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Retail Asia24/01/2017

Singapore retail rents slipped 1.3 per cent in the last quarter of 2016, compared with the previous quarter. According to data from JLL Singapore, included in a pan-industry market review, retail rents were under most pressure in the Marina quarter where most of the new space coming onto the market in the quarter was concentrated. […]

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Retail Asia21/11/2016

Tokyo’s Ginza has overtaken Sydney into second spot behind Causeway Bay in the latest DTZ/Cushman & Wakefield Asian retail rent rankings. The annual Main Streets Across the World report tracks 462 of the top retail streets around the globe, ranking them by their prime rental value. Globally just 36 per cent of the markets witnessed […]

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Retail Asia04/11/2016

Prime Vietnam retail rents are rising as a flurry of international retail brands move into Ho Chi Minh City. The third quarter of 2016 saw major changes of supply market in HCMC, according to a research report by Colliers International. In recent months, more than 100,000 sqm of retail space has been added in the […]

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Retail Asia28/10/2016

Prime retail rents fell faster in Q3 Orchard rents fell 0.9% to $39.86 per sq ft. Leasing activity slowed and the rental decline quickened in Q3 2016 due to continued headwinds from poor overall retail sales and online competition. Based on rental records captured by the Urban Redevelopment Authority’s Real Estate Information System (URA REALIS) […]

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Retail Asia25/10/2016

The data may be a little dated, but Asian cities are holding their own in the retail rent rankings. New York’s Fifth Avenue still tops the list with an average rent of US$3500 per sqft per year. Hong Kong’s Causeway Bay is cemented in second place at $2399 and the Champs Elysee in Paris a […]

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