{"id":40003,"date":"2024-12-17T09:53:46","date_gmt":"2024-12-17T02:53:46","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=40003"},"modified":"2024-12-17T09:53:46","modified_gmt":"2024-12-17T02:53:46","slug":"sydneys-pitt-street-among-worlds-most-expensive-shopping-strips-and-other-news","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/sydneys-pitt-street-among-worlds-most-expensive-shopping-strips-and-other-news\/","title":{"rendered":"Sydney\u2019s Pitt Street among world\u2019s most expensive shopping strips, and other news"},"content":{"rendered":"
\"\"
Keitma\/Shutterstock<\/figcaption><\/figure>\n

For PropertyGuru\u2019s real estate news roundup, Sydney\u2019s Pitt Street Mall has been ranked as one of the top ten most expensive shopping strips in the world. In other news, Bangkok\u2019s shopping centre market showed an increase in consumer spending and foot traffic in the first half of 2024. Lastly, Vietnam has seen a 2.6 percent decline in newly established real estate companies over the past 11 months, but optimism remains as Vietnam attracts foreign investment in various sectors.<\/p>\n

Sydney\u2019s Pitt Street ranks among top shopping destinations<\/b>
\nSydney\u2019s Pitt Street Mall has been ranked as one of the top ten most expensive shopping strips in the world, according to a new report released by Cushman & Wakefield. The report, featured in realcommercial.com<\/a>, revealed Pitt Street Mall holds the eighth position globally, with rents reaching AUD14,000 per square metre annually. The retail precinct has maintained its allure due to its prime location and strong demand from luxury brands. New York\u2019s Fifth Avenue retained its crown as the world\u2019s priciest retail destination.
\nBangkok\u2019s retail market poised for growth in 1H 2024<\/b>
\nKnight Frank Thailand\u2019s latest report reveals a positive outlook for Bangkok\u2019s shopping centre market in the first half of 2024. According to RETalk Asia<\/a>, the report highlights the recovery of consumer spending and increasing foot traffic across major retail hubs. Several new shopping centres and expansions are expected to launch, further boosting the retail sector. Experts cite a combination of economic recovery and an influx of international tourists as key drivers for the sector\u2019s resurgence.
\nVietnam records 2.6 percent decline in new real estate firms<\/b>
\nVietnam has seen a 2.6 percent decline in newly established real estate companies over the past 11 months, according to data from the Ministry of Construction. VietnamPlus<\/a> reports that in the same period, the real estate market faced challenges, including limited credit access and cautious investor sentiment. Experts suggest that supportive policies and economic reforms could help stabilise the market moving forward. Despite the decline, optimism remains as Vietnam attracts foreign investment in various sectors.
\nThe Property Report editors wrote this article. For more information, email: <\/i>propertyreport@propertyguru.com<\/i><\/a>.<\/i><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s expensive Pitt Street, BKK retail market grows, fewer new Viet property firms<\/p>\n","protected":false},"author":12,"featured_media":40004,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[3802,638,4235,4193,249],"class_list":["post-40003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-news-roundup","tag-real-estate","tag-real-estate-firms","tag-retail-market","tag-shopping","news_country-australia","news_country-thailand","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nSydney\u2019s Pitt Street among world\u2019s most expensive shopping strips, and other news | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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