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Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H Total portfolio retail sales grew 1.5 per cent, largely driven by food, sporting goods, cosmetics, and retail services. “In

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Can Singapore’s CapitaLand maintain its momentum as the economy slows?

Inside Retail

For some time now, the growth of e-commerce in the Lion City has been falling back in line with the growth rate of retail sales as a whole. 2023: the year of normalisation Retail sales per square foot (or per square metre according to your taste) for CapitaLand’s malls increased 10.2 per cent versus 4.1

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For Singapore’s Capitaland, the mall comes roaring back

Inside Retail

E-commerce in Singapore had a couple of bumper years in 2020-21, but online sales growth plateaued in 2022 as a percentage of Singapore’s retail sales : for Capitaland’s malls, many of them part of integrated mixed-use projects, it was time to start taking full advantage of normalisation. Retail occupancy is 98.3

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Why rents are still rising in Singapore’s top malls, even when sales are not

Inside Retail

Citing CBRE data, CapitaLand reports that in the second quarter, rents increased by nearly 6 per cent, year over year on Orchard Road, Singapore’s most celebrated shopping strip. Now the bad news For retailers, it hasn’t been that easy in the island state of late, with retail sales growth, excluding motor vehicles, dipping by 2.5

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Asia’s retail property market is back – get ready for rent increases

Inside Retail

Yes, retail property can be perceived as boring and a pain in the neck, but it’s necessary, it’s back, Covid-19 is done, and we’d better get used to rent increases again. Singapore is a good case in point. per cent of retail sales, official government figures from Singstat show, down from 13.0 In April, e-commerce was 12.0

Marketing 130
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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

per cent, with the Plaza format, which accounts for about two-thirds of its shopping centre portfolio, sitting at 81.1 By the standards of world-class shopping centre operation, that’s a bit ordinary, and occupancy in the Vincom+ format is scruffier still, at 73.2 The total portfolio occupancy rate sits at 84.5 per cent.

Expansion 130
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Inside the Minds of Retail Entrepreneurs

RetailMinded

The December 2019 holiday shopping season in the US was laudable; gains of 3.4% in retail sales were recorded, while online commercial activity recorded an 18.8% Yet, despite the runaway popularity of e-commerce it still made up just 8% of overall retail trading activity at the time. . increase, year-on-year.