Hong Kong ranks 4th in Asia Pacific with most new retail entrants in 2014

HONG KONG: It has been noted that cities in Asia Pacific saw 464 new retail entrants in 2014—23% more than in 2013.

According to a release from CBRE, further, Tokyo saw the most new retail entrants (63), followed by Singapore (58), Taipei (49), Hong Kong (45) and Beijing (34).

You might also like

Markets, oil drop in Asia but bitcoin edges towards $50,000

12/02/2021

Asia markets slip as dealers take breath in holiday-thinned trade

11/02/2021

The Luxury and Business sector saw the greatest share of new entrants at 22.6%, but the biggest climber was the Coffee and Restaurants sector with 22.4% in 2014, compared to just 14.8% in 2013

Retailers from the US made the most new entries into Asia Pacific with 24%, followed jointly by Italy and the UK with 11%, then French retailers at 10.5%.

Japan was the top APAC entrant ranking fifth place, with 6.9% of the new market entries being Japanese retailers.