Commercial Retail
Singapore's retail vacancy rate hits record highs in the Central Area
Singapore's retail vacancy rate hits record highs in the Central Area
Major retailers such as Naiise, Dimbulah Coffee and Manekineko had to shut down their stores.
Sydney CBD retail rents see biggest drop of 11% in Q2
Rents in regional and sub-regional areas fell 5.4% and 2%, respectively.
Manila's retail vacancy rate of 7.7% breaches previous record
Manila hit a new 15-year record in Q2 as it overtook the 7% vacancy rate recorded in Q1.
How Hong Kong’s pivot to online shopping impacts physical retail stores
Online transactions surged 54.9% in the first half of 2021.
Singapore retail transaction volumes down 78.3% to US$420m in H1
Notable deals include Fraser Centrepoint Trust’s sale of YewTee Point for SGD220m.
Why 4 in 10 retailers press on with real estate expansion plans in Singapore
Retailers want to capture customers in large residential catchments.
APAC retail rents won’t stabilise until 2022
Hong Kong is expected to lead rental growth in the region this year.
Singapore retail industry’s ‘recalibration’ bolstered by the pandemic
New brands opened concept and flagship stores as several brands exited the industry.
India’s retail property market sees bright spot in New Delhi’s main streets
Several new retail stores opened during Q2, as well as 10 new showrooms for Tata Motors.
Bangkok’s prime retail occupancy rates nearly hit pre-pandemic levels
Average occupancy rate was 98.7% in Q2 2021, almost the same level of 99.1% in Q1 2020.
Kuala Lumpur to see 13 new malls over the next three years
This translates to at least 8.9m sq ft of NLA, and more than half will be completed this year.
India’s retail properties see renewed interest from private equity investors
The sector accounted for the second highest share (33%) of investment inflows in Q2 2021.
Jakarta’s retail supply to rise 2.5% annually till 2025
By the end of 2021, total retail supply will reach 2.91 million sq m.
Hong Kong retail rents finally stabilise after 18 months of decline
Rents in prime street shop and major shopping centre segments increased 0.3% and 1.2%, respectively.
Singapore prime retail rents down 11% as tourists remain non-existent
Island-wide rents declined 9.3% to S$26.20 per square foot per month in Q2.
Hong Kong high-street rents to fall by 3% this year
This is a huge improvement from the 28% drop recorded in 2020.
Cambodia real estate takes sharp turn in H1
An increase in COVID-19 cases led to more than 70% decreases in prime office and retail occupancy in Cambodia.
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