…in 2012 stumbled to the slowest point for the past decade, the China Chain Store & Franchise Association said on Wednesday. Total sales of the top 100 large retail chains in China increased 10.8 percent year-on-year to 1.87 trillion yuan ($303 billion) in 2012, which lower than the 14.3 percent year-on-year increase of 2012 China’s total retail sales. Sales of the top Chinese 100 large retail chains increased more than 20 percent year-on-year to 1…
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21 Officials Punished in Real Estate Sex Scandal – and more of Today’s China Real Estate Links | May 9, 2013
…k market will go up, compared with 11 percent last year. Retail chains attracted to Asia Hong Kong, Singapore and Tokyo top the list of cities for new retailer entries across Asia-Pacific, according to international commercial real estate services firm CBRE’s latest report. In tracking new store openings by retailers entering a market for the first time, CBRE has found that while established locations witness steady expansion, maturing/emerging ma…
China April property investment quickens, sales slow – and more of Today’s China Real Estate Links | May 15, 2013
…t opened on May 11 in Jiaxing, Zhejiang province. The company will have 50 stores around China by the end of 2013. Toys R Us entered into China in 2006 by opening its first flagship store in Super Brand Mall in the Shanghai Pudong New Area. The company declined to reveal its sales growth rate in the country but said it had achieved double-digit growth in the past few years. China’s economic growth in 2013 expected to reach 8.2 pct China’s economic…
alice + olivia Plans China Expansion – and more of Today’s China Real Estate Links | May 17, 2013
…ineX will commence the rollout with the first free-standing Alice + Olivia store in Hong Kong’s International Financial Centre (ifc) in June with more stores in Hong Kong, mainland China, Macau, Taiwan and Singapore to follow. Brokerages banned from housing trusts A Beijing local authority released a draft guideline Monday to regulate the businesses of real estate brokerage agencies. The guideline will forbid brokerage agencies to run housing trus…
Chinese government funds planning major US investments – and more of Today’s China Real Estate Links | May 28, 2013
…ket. It has ties with Prudential and Carlyle in China. California’s outlet stores and malls fuel Chinese tourism boom Minutes after arriving by bus at an outlet mall in Cabazon, a dozen or so Chinese tourists hustled out to buy luggage that they planned to stuff with high-end clothes, shoes and bags. But not Guoshing Cui, a Samsung supervisor from Guangzhou. He made a beeline for the Coach store, where he picked out three expensive handbags. He pa…
China less likely to release property tightening measures – and more of Today’s China Real Estate Links | June 21, 2013
…rest.” Taiwan bookstore chain Eslite expands to the mainland with Shanghai store Eslite Spectrum Corp., the operator of Taiwan’s leading book chain Eslite Bookstore, announced Wednesday that it would establish a foothold in Shanghai by 2015. Eslite signed a letter of intent with the developer of the Shanghai Tower, a 121-story, 632-meter skyscraper, to lease 6,500 square-meters of space in the building, which is expected to open in 2015. This list…
Cushman Buys Regional PM Firm to Gain China Market Share – and more of Today’s China Real Estate Links | June 27, 2013
…Wangfujing Dept Stores Buys Up Rival for US$257 mil Wangfujing Department Store announced on Monday its purchase of nearly 40 percent of high-end counterpart PCD Stores, according to China Securities Journal. The transaction will be completed by Friday. Wangfujing signed a stock transfer agreement on Jan 24 with PCD’s two major stakeholders, Bluestone and PGL, through a wholly owned subsidiary in the Cayman Islands. Mainland Home Buyers Shun HK f…
Shanghai June land sales to exceed $32.4b – and more of Today’s China Real Estate Links | June 28, 2013
…ross 60 countries and 208 cities of the world. For the first time, under ‘Retailer Representation – Depth of Coverage at City Level’, the report also examines the extent to which retailers have developed their store portfolios within cities to provide a better understanding of potential growth markets for retailers. This list is updated daily, so tune in again tomorrow for more up to date information….
New York’s tallest building draws Chinese to city’s priciest homes – and more of Today’s China Real Estate Links | July 19, 2013
…e tallest building in New York. China’s Richest Man to Invest More in Dept Stores Zong Qinghou, China’s drinks tycoon and the richest man on the mainland, said he wants to expand his footprint in the department store sector and is considering an initial public offering for his mall business when it becomes full-fledged. The 68-year-old billionaire, who ranks 86th on the latest Forbes wealth list with US$11.6 billion in assets, told a press confere…
Beijing’s Wangfujing Now Among Asia’s 10 Priciest Retail Locations
Shoppers outside the Wangfujing Apple Store China’s growing taste for shopping is pushing up retail rents in the world’s second-largest economy, and now a global survey has confirmed that in at least one key district, the cost of securing shop space is among the ten highest in the region. According to a report issued this week by real estate consultancy Cushman & Wakefield, Beijing’s Wangfujing area saw a 4.2% rise in rental prices during 2013, p…
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