Retail in Asia

In Markets

China again largest retail building site globally

China remains the world’s largest retail construction site with over 50 percent of all developments, and has eight of the top-10 cities building the biggest shopping centres, a research released on Wednesday by global property advisor CBRE showed.

Globally, 39 million square metres of shopping centres are under construction, up 3 million square metres from 2013, and more than half of all developments are taking place in China, according to CBRE which tracks 180 major cities worldwide. The survey was based on new shopping centres of over 20,000 square meters and excluded retail warehousing and factory outlet centres.
 

(Source: Shanghai Daily)