Singapore is retailers' 3rd most popular Asia-Pac city
Hong Kong, despite high rents, stays the top choice of brands looking to expand
Singapore
SINGAPORE is among the top three cities in the Asia-Pacific that are most popular with international retailers, after Hong Kong and Shanghai, as more mid-tier and luxury brands look to expand their presence in the region, in tandem with growing consumer spending.
For many retailers, Hong Kong is the first port of call for expansion into the Asia-Pacific region even though rentals there are significantly higher than elsewhere in the region, said a JLL report on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender