The Chinese mainland continues to be favoured by retailers eying expansion in the Asia-Pacific this year while emerging markets in Southeast Asia are also attracting rising attention, global real estate adviser CBRE said in a report released on Tuesday.
The report’s second annual edition found that 64 percent of the retailers plan to open a new store on the mainland this year, ahead of Vietnam, Hong Kong and Singapore, which came in joint second with 33 percent seeking new openings, according to CBRE.
Beijing and Shanghai top the list with 36 percent of retailers surveyed planning to open stores in the two cities this year.
(Source: Shanghai Daily)