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HCMC surpasses Bangkok in shopping centre completions

According to CBRE’s report on global retail development, about 12.5 million sq.m of retail floor at trade centers were finished last year, increasing 11.4pct y-o-y. Among Asia Pacific countries, China leads world’s top 10 lively markets, with 7 cities listed. Meanwhile, HCMC has trade center areas ranked 17th among 20 cities with the highest finished area of trade centers in 2016. Anthony Buono, Chairman of CBRE’s Global Retail Executive Committee, said “In the age of multiple channels, retailers are focusing on ensuring the optimal combination between traditional stores and e-commerce activities, so they are using detailed analysis methods and market knowledge to select the best-selling websites instead of as many websites as possible.”