23NEWDELHI

8 GUANGZHOU

HONG KONG

SINGAPORE

TOKYO

TAIPEI

11 SHENZHEN

15 SHANGHAI

24MANILA

18

4

SYDNEY

9 MELBOURNE

AUCKLAND

9

BANGKOK 23

HO CHI MINHCITY

24JAKARTA

26 SEOULMOST ACTIVE MARKETSMOST ACTIVE MARKETS

RANKINGS

1234

BEIJING5

KEY

NUMBER OFCOFFEE AND RESTAURANTS

ENTRANTS

TOALNUMBEROF NEW

ENTRANTS

63SINGAPORE

23

37BEIJING

6

57TOKYO

30

47TAIPEI

19

73HONG KONG

37

Coffee andRestaurants

33%

Luxury andBusiness

17%SpecialistClothing

14%

Mid RangeFashion

11%Homeware6%

MOST ACTIVE SECTORS

123

45

USA

JAPAN

FRANCE

UK

ITALY

RETAILER COUNTRYOF ORIGIN

19%

12%

9%

12%

11%

Cross-border retail activity in Asia Pacific continued to intensify in 2015 but new store openings were largely confined to gateway cities.

Underpinned by strong consumer demand for retailtainment, retailers from the Coffee and Restaurants sector accounted for 33% of new entrants in 2015, compared to 22% in 2014.

RETAIL HOTSPOTS IN ASIA PACIFIC 2015

CBRE RESEARCHThis report was prepared by the CBRE Asia Pacific Research Team, which forms part of CBRE Research—a network of preeminent researchers and consultants who collaborate to provide real estate market research, econometric forecasting and consulting solutions to real estate. © CBRE Ltd. 2016 Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.

Note: All figures are based on cross-border retailers that have opened their first standalone store for trading during the year.

R e t a i l S c i e n c e f r o m C B R E

Source: CBRE Research, April 2016.