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A greater focus on experience-oriented retail
During 3Q16, retail rents for the most expensive locations in shopping centres remained relatively stable. Of the 18 featured markets, only Manila saw a quarterly rental increase of 1% or more for the most expensive locations, while the remainder mostly recorded flat rents. The aggregate Asia Pacific Retail Rental Index decreased 0.1% quarter-on-quarter, down from 0.3% growth in 2Q16.
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17 November 2016