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Asia Pacific Retail Trends Q2 2025
July 17, 2025 5 Minute Read
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- Leasing demand in Vietnam remained strong amid an influx of new entrants from mainland China. The quarter saw strong demand from existing international brands and local middle class fashion retailers. Other demand included relocation and expansion from watch & jewellery, cosmetic, and fashion brands.
- In Singapore, demand held firm as retailers cautiously expanded in anticipation of slower consumption. New to market brands continue to enter Singapore, with mainland Chinese F&B such as tea stores, casual restaurants and lifestyle retail most prominent. Retailers looking to enter the market are vying for prime space which remains in short supply.
- Retail leasing activity in India improved after a slow start to year, backed by positive domestic consumption. The bulk of demand in Q2 2025 was from domestic brands expanding on high streets and in popular shopping malls. International brands are also expanding but comprise a smaller share of the leasing market.Â
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Vivek Kaul
Managing Director, Head of Retail Leasing, Advisory Services, Asia
Mai Vo
Director, National Head of Retail Services, Vietnam
