Facts and Numbers: Southeast Asia Most Expensive Retail Streets in 2015

Cushman & Wakefield is a leading global real estate services firm which tracks every year in its ‘Main Streets Across the World’ report over 500 of the top retail streets. Only Singapore stands out in the top 20 most expensive streets of the world. However with an average yearly rental square foot of Us$336.8 on Orchard Road, Singapore still remains far behind Asia’s most expensive streets. Orchard Road is “only” Asia fifth most expensive retail street.

Causeway Bay in Hong Kong is the most expensive retail location in the Asia Pacific region with an average rent per sq. ft of US$2,399.2 followed by Tokyo Ginza with US$881.9, Seoul Myeongdong with US$881.8 and Shanghai West Nanjing Road with US$438.1…

In Kuala Lumpur, Jakarta, Manila and Hanoi, shopping malls generally have the highest rental fee on an annual basis. According to Cushman & Wakefield, rental per sq. ft at Pavillion KL in Bukit Bintang reached in 2015 US$260.8, in Hanoi and HCMC luxury shopping malls US$211.8, in Jakarta CBD malls US$73.4 and in Makati CBD (Metro Manila) US$58.