Commercial Retail
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Seoul shopping mall rents returns to pre-pandemic levels
Rents inched up 1.1% in Q1.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Mumbai retail rents inch up 0.4% in Q1
Net absorption was at 301,600 sq ft in the same period.
This mall alone contributed 889,100 sq ft to Kuala Lumpur’s retail stock
Vacancy rates in the City Centre submarket increased slightly to 17.5% in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
What’s driving retail space demand in Ho Chi Minh City?
Net absorption reached 14,000sqm in Q1.
Manila prime retail market plagued by pull-outs in Q1
As a result, net absorption reached -7,300sqm during the quarter.
Tokyo retail rental decline slows down in Q1
Rents slipped for the eighth consecutive quarter to reach JPY 73,233 per tsubo per month in Q1.
What were the most active tenants in Jakarta’s prime retail property market?
Prime malls saw more of these two types of tenants in the quarter.
Bangkok prime retail vacancy rate up 58bps to 5.5% in Q1
The ongoing renovations in some malls lifted vacancy during the quarter.
Hong Kong to have 2.3m sq ft of new retail space supply this year
The 11 SKIES project added 1.1m sq ft of new space in Q1.
New Delhi prime retail net absorption drops 12% in Q1
There were no new malls that opened during the quarter.
Hanoi retail rents inch up 1.3% in Q1
Rents of prime malls in the City Centre hit USD 64.2 per sqm per month.
Singapore Prime Orchard retail rents to grow by 3% this year
Prime Suburban rents are also expected to rise by 2%.
Is the worst finally over for Singapore retail rents?
Q1 prime rents in the Orchard and Suburban areas increased 0.4% and 0.5%, respectively.
Hong Kong luxury retail street turns into a food street
Russell Street in Causeway Bay has transformed over the course of the pandemic.
Most Read
1. APAC prime office rents decline for seventh straight quarter in Q1 2. Singapore private home resale volume drops 7.2% to 2,603 units in Q1 3. What you need to know about Japan’s high-end retail sector 4. Seoul office transaction volume nearly doubles in Q1 2024 5. Brisbane CBD posts highest Q1 office rental growth amongst Australian citiesResource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
