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China tops Asia's retail property markets

Updated: 2012-09-11 14:21
( China Daily)

China takes a lion share in the retail projects under construction in Asia, remaining the most popular entry point for international retailers, according to a report released on Monday.

Of the 27.87 million square meters of retail projects under construction in Asia, 82.4 percent are in China, a report on the shopping center industry by US real estate services company Cushman & Wakefield.

The Asia-Pacific's promising retail future has led to significant new development, with 27.87 million square meters of retail projects in the first half of 2012, according to data from 42 major cities in the region, 20 of them in China, the report said.

"While the China shopping center market in some ways is still in its infancy, it is growing fast. There is still strong demand from a range of fast-growing retailers and very high levels of development activity," said James Hawkey, Cushman & Wakefield's executive director retail services in China.

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