A report by TH Real Estate, ‘THINK: China’, notes that almost all of the retail space in Beijing dates from 2000 or later. Across the rest of the Asia-Pacific, the equivalent figure is about 50%. The total stock is expected to grow by 20% over the four years to 2018 and by another 20% over the four years to 2023. Some malls will need new investment to remain competitive. Some of the most upmarket malls may be vulnerable to the government’s campaign against corruption, which could curtail spending on luxury goods.

Source : August 2015/THRE/Beijing/RET