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Tianjin Property Insight - December 2015

​A tale of two cities – Tianjin & Harbin 

We often hear people mention oversupply or financial difficulties when they talk about Tianjin's retail market because of the closure of several department stores this year. Industry observers also point to the emergence of E-Commerce and its negative effect on physical retail. The latest Singles Day shopping bonanza was a testament to this. Additionally, Tianjin's close proximity to Beijing makes for easy comparison, drawing people to the conclusion that Tianjin's retail market is largely immature. However, as a Tier II city, the large maturity gap between Tianjin and cities like Beijing or Shanghai should be expected. It's better to observe comparable cities to Tianjin to judge its retail market.

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