>

>

Online and offline retailing in SEA expected to merge, says CBRE

By Tan Chee Yuen

/ CBRE |

August 26, 2016 9:00 AM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Landlords need to play their part to stay ahead in a fast-changing retail landscape where consumers transit from physical to digital platforms, according to CBRE’s latest Southeast Asia (SEA) retail publication.

Some retail developments in SEA may have to close down or face high vacancy and low footfall as they fail to capture consumers and retain tenants, according to CBRE. One of the suggested strategies is by combining channels — landlords can acquire e-commerce platforms or set up logistics networks to give consumers the fully integrated omni-channel experience.

The integration of an established shopping centre operator with an online platform that provides click-and- collect or from-store-to-door services builds a stronger level of reliability and trust among consumers. Both physical and online-only retailers are more likely to expand their footprint in such shopping centres as well.

Store-based retailing will remain the key point of purchase among SEA consumers in the next five to 10 years, and account for at least more than 90% of total sales value, adds CBRE. It is expected to see compounded annual growth rate (CAGR) of 1% to 4.5% from 2015 to 2020.

From 2010 to 2015, developers had been ramping up retail supply, which had a CAGR of 4% to 5% in the key SEA cities, including Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur and Singapore. CBRE estimates that about 43.1 million sq ft of retail stock will be completed in the next three to five years across these cities.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00