Connect with us

Media OutReach

Tsim Sha Tsui Retained Its Position as the World’s Fourth Most Expensive Shopping Street

Published

on

  • In the 35th edition of Cushman & Wakefield’s Main Streets Across The World report, Hong Kong’s Tsim Sha Tsui maintains its global ranking position as the world’s 4th most expensive retail street; whilst the area continued to top the APAC ranking as region’s the most expensive retail destination
  • Rents on New Bond Street ($2,231 per square foot per year) have leapfrogged Milan’s Via Montenapoleone and New York’s Upper Fifth Avenue to top the global rankings
  • 58% of tracked retail streets saw rent increases, reflecting demand for space far exceeding availability

HONG KONG SAR – Media OutReach Newswire – 19 November 2025 – London’s New Bond Street, where rents have risen by 22% in the past year to $2,231 per square foot per year (psf/yr), has been crowned the world’s most expensive retail destination for the first time, according to Cushman & Wakefield (NYSE: CWK).

New Bond Street has leapfrogged Milan’s Via Montenapoleone ($2,179 psf/yr), which last year became the first European street to top the global rankings, and New York’s iconic Upper Fifth Avenue ($2,000 psf/yr), in the 35th edition of the firm’s flagship retail reportMain Streets Across the World’.

New Bond Street’s rental growth has been fuelled by strong demand and limited supply, with the prime jewellery section between Clifford Street and Burlington Gardens becoming one of the most fiercely contested locations in global retail.

Globally, rents grew on average at 4.2% with 58% of markets experiencing rental growth. The Americas led regional rental growth at 7.9%, driven by currency effects in South America. Europe experienced steady 4% year-on-year (y-o-y) growth, with standout performances in Budapest and London. Meanwhile rents in Asia Pacific slowed to 2.1%, with strong growth in India and Japan offset by economic headwinds in Greater China and Southeast Asia.

Report author and Cushman & Wakefield’s Head of International Research, Dr. Dominic Brown, said:

“Prime retail corridors are benefiting from a convergence of factors including resilient economic growth, easing cost of living pressures, and a renewed appetite for discretionary spending. While growth trajectories will vary by market, the strength of flagship locations is clear. We’ve seen exceptional double-digit rental growth in select cities, even as others face pressure. The continuing importance of physical retail, particularly for deep and meaningful brand engagement in places where consumers want to be, reinforces the enduring appeal of the world’s premier shopping streets and we expect this momentum to strengthen as global conditions improve.”

Table 1: Main Streets Across the World – Global Ranking by Market 2025

Global Ranking 2025 Global Ranking 2024 Location Rent (USD/sq.ft/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 3 New Bond Street, London $2,231 €20,482 22%
2 1 Via Montenapoleone, Milan $2,179 €20,000 0%
3 2 Upper Fifth Avenue (49th to 60th Sts), New York $2,000 €18,359 0%
4 4 Tsim Sha Tsui (main street shops), Hong Kong $1,515 €13,907 -6%
5 5 Avenue des Champs Élysées, Paris $1,364 €12,519 0%
6 6 Ginza, Tokyo $1,257 €11,538 10%
7 7 Bahnhofstrasse, Zurich $1,051 €9,644 0%
8 8 Pitt Street Mall, Sydney $795 €7,294 4%
9 9 Myeongdong, Seoul $653 €5,997 1%
10 10 Kohlmarkt, Vienna $601 €5,520 2%
Source: Cushman & Wakefield

Asia Pacific highlights

Rental growth in Asia Pacific slowed from 2.8% in 2024 to 2.1% in 2025, though performance varied widely across markets. India’s Tier 1 cities led the region, with Gurgaon’s Galleria Market recording a 25% increase, followed by Connaught Place in New Delhi (14%) and Kemps Corner in Mumbai (10%). Japan’s Ginza and Omotesando in Tokyo saw strong growth of 10% and 13% respectively, while rents in Hong Kong’s Tsim Sha Tsui declined by 6% to $1,515 psf/yr. Sydney’s Pitt Street Mall recorded modest growth of 4%, reaching $795 psf/yr, marking a return to positive momentum after years of stagnation.

Hong Kong continued to feature strongly on the global rankings, holding its position as the fourth most expensive shopping location worldwide and the most expensive in the APAC region. Cushman & Wakefield’s Hong Kong Managing Director John Siu, said:

We are pleased to see Hong Kong firmly maintaining its position as one of the world’s premier retail destinations, with Tsim Sha Tsui once again topping the list as the most expensive retail destination in the APAC region. This reflects the steady growth in visitor arrivals to Hong Kong, coupled with the government’s proactive efforts to promote tourism and the ‘mega events economy,’ which have supported more tourist spendings and boosted leasing activity among retail brands in prime street locations. In fact, since the border reopening, the market has recorded a series of leasing transactions involving retail brands opening their first stores in Hong Kong, most of which have chosen to establish their initial presence in the four core shopping districts. We believe that in the short to medium term, in addition to sustained activity from domestic brands, the market will continue to see more leasing activity from retail brands across the APAC region.”

Table 2: Main Streets Across the World – Asia Pacific Ranking by Location 2025

APAC Ranking 2025 APAC Ranking 2024 Market City Location Rent (USD/sf/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 1 Greater China Hong Kong Tsim Sha Tsui (main street shops) $1,515 €13,907 -6%
2 2 Greater China Hong Kong Causeway Bay (main street shops) $1,374 €12,610 -4%
3 3 Japan Tokyo Ginza $1,257 €11,538 10%
4 4 Japan Tokyo Ometesando $1,028 €9,441 13%
5 5 Japan Osaka Midosuji $914 €8,392 14%
6 6 Australia Sydney Pitt Street Mall $795 €7,294 4%
7 7 Greater China Hong Kong Central (main street shops) $726 €6,669 1%
8 8 Japan Tokyo Shinjuku $686 €6,294 0%
9 9 South Korea Seoul Myeongdong $653 €5,997 1%
10 10 South Korea Seoul Gangnam Station $578 €5,302 4%

Source: Cushman & Wakefield

Link to the full report and full global rankings here: LINK
Hashtag: #CushmanWakefield #GlobalRetailStreets #RetailRealEstate #LuxuryRetail #PrimeRetail #HongKongRetail #APACRetail #MarketResearch #RetailTrends #CommercialRealEstate

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ().

Advertisement

Media OutReach

SL Aesthetic Group Marks 22 Years of Innovation and Regional Expansion in Singapore and Southeast Asia

Published

on

SINGAPORE – Media OutReach Newswire – 15 January 2026 – SL Aesthetic Group celebrates its 22nd anniversary, marking its growth from a single clinic into a multi-brand medical aesthetics and healthcare group.

Founded in Singapore in 2003, the Group has grown to encompass five specialised brands operating more than twenty outlets across Singapore and the region.

  • SL Aesthetic Clinic offers doctor-led skin, face and body treatments, and is one of Singapore’s longest-running medical aesthetics clinic.
  • SkinLab The Medical Spa, a dermatology-focused medical spa, specialises in medical-grade facials and skincare products for sensitive skin.
  • TrichoLab, a dedicated hair and scalp health brand specialising in medical hair loss solutions.
  • Euphie (Malaysia) is the Group’s Malaysia-based extension comprising Euphie Skin Solutions and Euphie Clinic, delivering medically supervised aesthetic care.

The Group has served more than 100,000 patients, with care provided by a team of 12 doctors and more than 100 trained specialists.

Over the past two decades, the concept of beauty and wellness has broadened into a more holistic approach to personal care—one that goes beyond aesthetics to support overall wellbeing. People are placing greater emphasis on long-term health, from their mental health and nutrition to their physical appearance. This shift has driven growing demand for preventive, medically supervised services that integrate aesthetics with broader health concerns.

In response to these changing needs, SL Aesthetic Group has expanded its medical services beyond skin and hair treatments, introducing more than 40 new offerings across its five specialised brand portfolios, including women’s health services.

Dr Kelvin Chua, Founder and Senior Medical Director of SL Aesthetic Group, said: “Reaching 22 years reflects the continuity of care we have built over time. As patient expectations change, our focus remains on delivering medically supervised services that support long-term health and well-being.”

As part of this expansion, the Group launched Prologue The Lifestyle Medical Clinic and Prologue Centre for Women’s Wellness in 2025. Prologue The Lifestyle Medical Clinic focuses on preventive care for chronic conditions, supported by artificial intelligence–enabled health screenings for early detection of conditions such as dementia and cancer. Meanwhile, Prologue Centre for Women’s Wellness addresses women’s health needs across different life stages, including perimenopause, menopause, and postpartum recovery.

Within Singapore, the group strengthened its physical presence with the opening of its tenth SL Aesthetic Clinic and SkinLab The Medical Spa outlet at iMall in Marine Parade, as a response to strong and sustained demand from patients in the eastern region.

Regionally, SL Aesthetic Group marked a milestone as its Malaysia-based brand, Euphie — comprising Euphie Skin Solutions and Euphie Clinic — celebrated its first anniversary. Building on this foundation, the Group plans to open an additional outlet in Malaysia, extending its medically supervised services to a wider patient base.

Looking ahead, SL Aesthetic Group plans to continue expanding its clinical footprint while maintaining regulatory compliance, clinical standards, and patient safety.

For more information, visit: https://slaestheticgroup.com/
Hashtag: #SLAesthetic

The issuer is solely responsible for the content of this announcement.

About SL Aesthetic Group

SL Aesthetic Group is one of Singapore’s longest-established medical aesthetic groups, with a presence in Singapore and Malaysia. The Group houses a diverse portfolio of brands, including SL Aesthetic Clinic, SkinLab The Medical Spa, TrichoLab, PROLOGUE, and Euphie (Malaysia).

Founded in the 2000s, SL Aesthetic Group specialises in skin and hair health, women’s wellness, and holistic medicine. Across its clinics and outlets, the Group offers a comprehensive range of FDA-approved aesthetic and medical treatments, all supervised by trained and certified healthcare professionals holding Certificates of Competency (COC) recognised by the Singapore Medical Council’s Aesthetic Practice Oversight Committee (APOC).

Continue Reading

Media OutReach

Aon Appoints Kulshaan Singh as Enterprise Client Leader, Asia Pacific based in Singapore

Published

on

SINGAPORE – Media OutReach Newswire – 15 January 2026 Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointment of Kulshaan Singh as enterprise client leader, Asia Pacific, effective immediately.

Based in Singapore, Singh will leverage his extensive experience across some of Asia’s most dynamic markets to deliver innovative approaches to Risk Capital and Human Capital for Aon’s enterprise and large multinational clients in Asia. Reporting to Craig Torgius, chief client officer and head of enterprise clients, Asia Pacific, Singh will focus on building strategic partnerships and unlocking new opportunities supporting clients to achieve their growth ambitions.

“Kulshaan brings a rare blend of strategic acumen with strong execution ability, global insight and local expertise to our Asia Pacific team,” said Torgius. “His ability to lead transformation, foster collaboration and deliver results across diverse industries will be invaluable in helping clients navigate an increasingly complex risk landscape.”

With over two decades of experience in consulting and executive leadership, Singh held prominent roles including managing director for talent solutions for southeast Asia at Aon, CEO Mercer Singapore and chief people officer at Charoen Pokphand Group. Most recently, as the global group chief people officer at Thai Union Group, he spearheaded large-scale transformation initiatives including organisation design, succession and leadership alignment.

Reflecting on his new role, Singh said, “I feel privileged and excited to be back at Aon and look forward to working closely with Aon’s global and local teams to deliver solutions that help clients navigate complexity and interconnected challenges.”

Read more about Aon’s capabilities in Asia Pacific here.

Hashtag: #Aon

The issuer is solely responsible for the content of this announcement.

About Aon

exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Follow Aon on and sign up for news alerts .

Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

Continue Reading

Media OutReach

Zero-Emission Technology Underpins the Future of Urban Living

Published

on

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 15 January 2026 – In 2025, Vietnam marked a pivotal moment in its economic trajectory. Amid persistent global uncertainties, the country recorded GDP growth of 8.02%. Vietnam’s economic scale also reached a new threshold, with GDP estimated at approximately USD 514 billion and GDP per capita surpassing USD 5,000, officially elevating the country into the upper-middle-income category. Notably, Vietnam led ASEAN in growth momentum, reinforcing Vietnam’s rising profile as a resilient and increasingly attractive destination for long-term global capital.

As an economy reaches a new stage of development, the central question is no longer how fast it can grow, but how well it can sustain that growth over time. The development trajectories of many countries show that crossing an income threshold often brings complex structural pressures: Mounting strain on urban infrastructure, environmental degradation, and higher expectations for quality of life.

In this context, traditional growth models, those that prioritize short-term economic returns, begin to reveal their limitations. What emerges instead is a clear demand for development paradigms in which economic performance, environmental resilience, and social value are conceived together from the outset, rather than treated as sequential or secondary considerations.

For Vietnam, this transition is particularly significant as global capital flows increasingly favor ESG-aligned markets, and urban residents shift from a focus on asset ownership to a more holistic pursuit of living quality and long-term wellbeing. Real estate, therefore, is no longer simply a supply-and-demand equation, but a foundational platform for shaping lifestyles, communities, and sustainable urban ecosystems.

It is precisely within this structural shift that Vinhomes Green Paradise is positioned as a forward-looking benchmark, reflecting the long-term vision of Vinhomes to develop real estate on an “ESG++ from the ground up” foundation, where sustainability is not an added feature, but the core architecture that underpins enduring economic and social value.

Geography as Destiny: A Living Natural Heritage

Many believe that Vinhomes Green Paradise is a “new wonder” of modern society, bringing together a rare convergence of forward-looking planning, contemporary living standards, and visionary development. Yet beyond its scale or sophistication, its very location is a wonder in itself. It is a place where human intelligence and capability are applied not to dominate nature, but to collaborate with it, leveraging an irreplaceable “forest-backed, sea-facing” setting that cannot be replicated, while preserving, restoring, and ultimately giving back to the natural environment.

Among more than 90 submissions from across the globe, New7Wonders selected Vinhomes Green Paradise as the first project worldwide to receive the “Official Participant” certification in the global “7 Wonders of Future Cities” campaign.

“This is a truly exceptional project,” said Jean-Paul de la Fuente, Director of New7Wonders and Chairman of the global campaign. “Vinhomes Green Paradise is a ‘precious jewel’, a place that is exceptional for living, working, and enjoying life. The project symbolizes the kind of cities that dare to dream, dare to pave new paths, and dare to break boundaries to realize a future where nature, community, and growth coexist in harmony.”

According to him, this spirit is exactly what the world is seeking in the cities of tomorrow.

After personally visiting the site in Can Gio, Jean-Paul de la Fuente identified the project’s geography as its most irreplaceable asset. Spanning 2,870 hectares, Vinhomes Green Paradise is uniquely positioned between two globally significant ecosystems. To the front lies the vast Pacific Ocean, with 121 kilometers of coastline. Behind it stretches the 75,000-hectare Can Gio Mangrove Biosphere Reserve, recognized by UNESCO.

At the heart of the megacity sits an 800-hectare saltwater lagoon, the largest of its kind in the world, functioning as a natural ecological regulator, a “green heart” sustaining biodiversity, climate balance, and urban vitality.

Unlike many coastal developments around the world, nature here is not reduced to a backdrop. It is treated as a living heritage, actively preserved and regenerated through dedicated mangrove restoration funds that protect not only the project, but also the ecological shield of Ho Chi Minh City.

While many global developments aim to comply with ESG standards, Vinhomes Green Paradise goes further, introducing an ESG++ model built on five pillars: Environment, Social, Governance, Regeneration, and Adaptation.

This approach reflects a paradigm shift in urban development. Cities of the future must not merely “do less harm”. They must actively give back to nature and society.

Jean-Paul emphasized the importance of this vision: “Future sustainable cities must not ‘take’ from nature, they must ‘give back,’ helping restore and nurture the planet.”

This regenerative mindset is embedded from the earliest stages of construction. Advanced K-DPM technology transforms dredged soft mud into durable construction material, completely eliminating waste discharge into the environment, a breakthrough in large-scale coastal development.

Technology as the City’s Invisible Infrastructure

If nature is the soul of Vinhomes Green Paradise, technology is its invisible nervous system. The entire megacity is designed to operate on 100% clean energy, sourced from offshore wind turbines located 20 kilometers from shore and large-scale solar systems. Transportation within the city and connections to central Ho Chi Minh City are oriented toward zero emissions, supported by electric mobility and high-speed rail.

IoT, AI, and Big Data platforms operate continuously to monitor environmental quality, optimize energy use, and provide early warnings for climate-related risks, ensuring resilience in an era of increasing uncertainty.

One of the core criteria of the “7 Wonders of Future Cities” campaign is placing people at the heart of urban design. At Vinhomes Green Paradise, this principle is elevated further: Residents are not passive beneficiaries, but active co-creatorsof the city.

The megacity features globally scaled cultural and lifestyle landmarks, including a 122-hectare entertainment complex, the 7-hectare Blue Waves Theatre with 5,000 seats, an outdoor performance plaza for 60,000 people, two 18-hole championship golf courses designed by Tiger Woods and Robert Trent Jones, a 108-story tower among the world’s top 10 tallest, and the Cosmo Bay night-time economy hub.

Healthcare, education, and lifelong wellbeing are equally prioritized, with Vinmec healthcare partnering with Cleveland Clinic (USA), Vinschool and Brighton College (UK) in education, and Vin New Horizon redefining senior living. Together, they form an ecosystem where human potential is continuously nurtured.

Residents also play a direct role in environmental stewardship, participating in biodiversity monitoring, mangrove planting, waste sorting, and adopting electric mobility, becoming true “ecological ambassadors” of Can Gio.

The Wonders of the Future Are Being Built Today

For Jean-Paul de la Fuente, Vinhomes Green Paradise represents far more than an urban project.
“The project is positioned as a powerful symbol of Vietnam’s national aspirations and its determination to assert its place on the global stage. What was seen on site is only a small part of a much larger vision,” he said.

Reflecting on the impact of previous New7Wonders campaigns, he noted: “The previous two campaigns, ‘New7Wonders of the World’ and ‘New7Wonders of Nature’, both generated what researchers call the ‘Wonder Effect,’ significantly boosting the economies and societies of the winning destinations.”

Drawing a parallel with Ha Long Bay, he added that he truly believe Vinhomes Green Paradise can achieve something similar, but on an even larger scale, competing directly with iconic cities around the world.”

As Jean-Paul concluded: “If our previous campaigns celebrated the heritage of the past and the beauty of the present, then the ‘7 Wonders of Future Cities’ campaign celebrates the vision being created for future generations.”

“The wonders of the future are taking shape today through the choices, creativity, and determination of pioneering urban planners and developers.”

In that global narrative, Vinhomes Green Paradise stands as a powerful testament to Vietnam’s ambition: A city where geography itself is a wonder, where growth does not compromise the future, and where nature, technology, and humanity evolve together, creating a legacy not just for Vietnam, but for the world.

Hashtag: #Vinhomes

The issuer is solely responsible for the content of this announcement.

Continue Reading

Trending