By Vu Le  October 15, 2018 | 03:13 pm GMT+7 Landmark 81 in Binh Thanh District, Ho Chi Minh City. Photo by VnExpress/Quynh Tran Shopping malls are mushrooming outside HCMC’s central business district, a new report by Jones Lang LaSalle Vietnam says. The real estate service firm (JLL) said the most prominent example is Landmark 81 in Binh Thanh District, which opened in the third quarter with 46,000 square meters of retail space. The tallest building in Vietnam has retail outlets of many major international and domestic brands. This year there will be more new entrants in the non-CBD area such as Estella Place (District 2), Cong Hoa Garden (Tan Binh District) and TTC Plaza (Binh Thanh District). Retail space in the non-CBD area currently accounts for 80 percent of the total supply in the city and the ratio will remain to be on the rise in the coming time, JLL said. The current rental rate in the city retail market is $46.2 per square meter per month, down … [Read more...] about Saigon shopping malls moving out of downtown: property consultancy
Malls downtown toronto
Toronto mall evacuated after gunshots
OTTAWA — A fight between two groups of young men that culminated in shots being fired on Thursday prompted the evacuation of a mall in Toronto, a month after a mass shooting in the nation’s largest city left two dead. Police Superintendent Rob Johnson said the shooting took place on the east side of the gigantic Yorkdale Shopping Centre that is popular with locals. It began, he said, as an altercation between "two groups of males" with three or more on each side. "At least two shots" were fired by one person with a handgun, before fleeing. One person was taken away by paramedics in an ambulance, but police said it was "not as a direct result of the shots fired." A handful of others also suffered minor injuries as they rushed to the exits after the shots rang out, said Johnson. Television images showed scores of shoppers and retail clerks lining the sidewalks and parking lots outside the mall, which is one of the largest in Canada, in Toronto’s … [Read more...] about Toronto mall evacuated after gunshots
Retail space in downtown lucrative, say market consultancies – Real estate – Economy
The Hanoitimes - The real estate market consultancy CB Richard Ellis or CBRE says in a report that retail space in Hanoi was booming in the first six months of the year. The area of retail space in the capital city increased nearly 31 percent, an equivalent of 129,300 square meters thanks to the debut of Pico Mall and the expansion of the Parkson Viet Tower. The two shopping centers, which are both located in Dong Da District, contributed nearly 25,000 square meters to the total retail space area in Hanoi. CBRE expects the capital’s retail space supply will soar on the debut of the shopping mall Hang Da Galleria in Hoan Kiem District, Landmark 72 in Cau Giay District, Savico Mega Mall and Vincom Center Long Bien in Long Bien District. The total area of those shopping malls is expected to reach 206,400 square meters. Despite the profuse supply, retail space rent in Hanoi is on a rise, increasing around 8 percent year-on-year to US$47 per square meter. Survey conducted by … [Read more...] about Retail space in downtown lucrative, say market consultancies – Real estate – Economy
Retailers exit shopping malls in Ho Chi Minh City
Individual shopping mall vendors in across Ho Chi Minh City have been leaving, due to continuously rising costs and weak sales. Individual shopping mall vendors in across Ho Chi Minh City have been leaving, due to continuously rising costs and weak sales. At midday on a recent weekend in Now Zone shopping mall, located in District 5, even discount signs of up to 50 percent off fail to attract the attention of passing shoppers. “There’re slow days on which only one to two items are sold. Our average monthly sales oscillate between VND30 million [US$1,345] and VND45 million [$2,018], which means a loss, Q., owner of a stall selling famous Korean cosmetics, lamented. Retailers at Saigon Pearl, a recently opened mall in Binh Thanh District, are not faring any better. A number of unoccupied spaces stick out across its three first floors, despite the mall’s auspicious location. The eye-catching jewelry, clothing and sports shops remain unnoticed, even by window … [Read more...] about Retailers exit shopping malls in Ho Chi Minh City
Retail space in downtown lucrative, say market consultancies
The Hanoitimes - The real estate market consultancy CB Richard Ellis or CBRE says in a report that retail space in Hanoi was booming in the first six months of the year. The area of retail space in the capital city increased nearly 31 percent, an equivalent of 129,300 square meters thanks to the debut of Pico Mall and the expansion of the Parkson Viet Tower. The two shopping centers, which are both located in Dong Da District, contributed nearly 25,000 square meters to the total retail space area in Hanoi. CBRE expects the capital’s retail space supply will soar on the debut of the shopping mall Hang Da Galleria in Hoan Kiem District, Landmark 72 in Cau Giay District, Savico Mega Mall and Vincom Center Long Bien in Long Bien District. The total area of those shopping malls is expected to reach 206,400 square meters. Despite the profuse supply, retail space rent in Hanoi is on a rise, increasing around 8 percent year-on-year to US$47 per square meter. Survey conducted by … [Read more...] about Retail space in downtown lucrative, say market consultancies