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Tag: Land

  • Macau Welcomes First Miniso Land Store: A New Era for Premium, IP-Driven Retail in Asia

    Macau Welcomes First Miniso Land Store: A New Era for Premium, IP-Driven Retail in Asia

    Miniso, a leading retail brand, has launched its first ‘Miniso Land’ outlet in Macau, marking a significant milestone in its Asia-wide expansion strategy. This new premium retail store is part of Miniso’s broader efforts to strengthen its network of intellectual property (IP)-oriented stores across the region.

    Centrally located in The Shoppes at Venetian, this 400 square meter shop stands as Miniso’s largest outlet in Macau. Offering an extensive range of over 1200 stock keeping units (SKUs), the store boasts a vast selection of products across various categories, ranging from collectibles, blind boxes, plush toys, and stationery to lifestyle items.

    Innovative Conceptualization

    Miniso Land showcases the brand’s unique fusion of an expanded product assortment with themed merchandising and interactive displays. This signature premium concept store features more than 30 licensed and proprietary IP collections. Distinguished sections are dedicated to globally recognized brands, such as Disney, Harry Potter, Pokémon, One Piece, Crayon Shinchan, Sanrio, and Chiikawa. Additionally, the store highlights Miniso’s original character, YoYo, through special displays.

    This innovative retail strategy has been instrumental in driving the brand’s growth. By fostering licensed IP collaborations and creating destination retail experiences, Miniso aims to enhance customer engagement and boost sales.

    Expansion Across Borders

    Earlier this year, Miniso also unveiled its first Miniso Land store in Malaysia, located at Sunway Pyramid, which spans across a sprawling 1700 square meters. This outlet introduced a larger-format concept focused on IP collaborations and immersive retail design.

    The brand’s move to establish its premium store concept in Macau reaffirms its commitment to bolstering its global network of immersive IP-driven retail outlets.

    Questions & Answers

    What is the unique offering of the new Miniso Land store in Macau?
    The new Miniso Land store features a broad selection of more than 1200 SKUs across various categories and over 30 licensed and proprietary IP collections, providing a unique, immersive retail experience for customers.

    What is the strategic significance of the new store in Macao for Miniso?
    The opening of the new store in Macau is a crucial step in Miniso’s plan to expand its globally immersive IP-driven retail concept, strengthening its presence in the Asian market.

    What was Miniso’s previous significant expansion move?
    Earlier this year, Miniso opened a large-format Miniso Land store at Sunway Pyramid in Malaysia, marking a significant step in expanding its IP collaborations and immersive retail design concept.

  • Starbucks Brews Plan for India Expansion, Aiming for 100 New Stores Annually in the Tea Land

    Starbucks Brews Plan for India Expansion, Aiming for 100 New Stores Annually in the Tea Land

    Starbucks is setting its sights on India, one of its fastest-growing markets worldwide, with plans to launch up to 100 stores per year. The renowned coffee chain, despite coffee being a less popular choice than tea in India, sees substantial potential for growth in the region.

    Tata Starbucks, a joint venture between Starbucks and the Tata Group, currently boasts over 500 stores across India, holding around 30% of the country’s structured coffee market. It intends to continue expanding its footprint by adding 50 to 100 outlets each year.

    Sushant Dash, Tata Starbucks CEO, highlighted the significant growth rate India represents for Starbucks on a global scale. He noted that the store count in India has more than doubled over the last four to five years. This growth coincides with the rise in coffee consumption among younger and urban consumers, which has sparked competition from both local and international entrants.

    Adapting to Local Consumer Needs

    To seize the emerging opportunities, Tata Starbucks is broadening its horizons by diversifying its store formats, including drive-through stores, highway locations, kiosks, and experiential outlets. The company is investing in the Starbucks Reserve concept, now operating in six different locations in Mumbai, Delhi, and Kolkata.

    This expansion aligns with the company’s ambition to operate 1,000 retailers in India by 2028. In line with this aspiration, Tata Starbucks intends to increase its workforce to approximately 8,600 partners and extend its network of drive-through stores, airport cafes, and 24-hour locations.

    In addition, the company is exploring opportunities beyond major metropolitan areas, intending to extend its presence in Tier 2 and Tier 3 cities to capitalize on India’s upcoming wave of consumer growth.

    Questions & Answers

    What is Starbucks’ growth plan for India?
    Starbucks plans to open up to 100 stores per year in India, aiming to operate 1,000 stores by 2028.

    How is Tata Starbucks adapting to the Indian market?
    Tata Starbucks is diversifying its store formats to meet local needs, including drive-through stores, highway locations, kiosks, and experiential outlets. It is also expanding its presence in Tier 2 and Tier 3 cities.

    What is the current position of Starbucks in the Indian coffee market?
    Starbucks, through its joint venture with the Tata Group, Tata Starbucks, currently operates over 500 stores and holds about 30% of the country’s structured coffee market.

  • Hanoi’s Prime Western Land on Sale: Priced from $40M with Residential Development Opportunities

    Hanoi’s Prime Western Land on Sale: Priced from $40M with Residential Development Opportunities

    Next month, Hanoi authorities are set to auction a two-hectare plot of land located in the city’s western region. The initial entry price has been established at VND1.06 trillion, or approximately US$40 million, which equates to VND52.9 million per square meter.

    Land Auction in An Khanh Commune

    The plot of land is situated in the An Khanh Commune, positioned 22 kilometers away from the city center. The auction will be conducted by the Lac Viet Auction Partnership Company. The land is zoned for commercial residential development, opening up possibilities for significant business ventures.

    The auctioning process will be conducted through multiple rounds of sealed bids, with at least five rounds expected to occur. Each incremental bid will be increased by VND10 billion. Bidders are required to place a deposit equivalent to 20% of the starting price to participate in the auction.

    An Khanh Commune is home to a population of 102,000. Its close proximity to Thang Long Avenue has catalyzed the establishment of several significant residential projects such as Sudico Nam An Khanh, HaDo Charm Villas, and Vinhomes Thang Long.

    Hanoi’s Revenue from Land Transactions

    In the previous year, Hanoi set a new record in its revenue from land-related transactions, generating VND107.9 trillion. This figure surpassed its intended target by 125% and was over twice the amount earned in the previous year. This revenue constituted 15% of the city’s total income.

    Looking forward, Hanoi has set a target to earn a total revenue of VND3.7 quadrillion from 2021 to 2030. Of this amount, about 21.6% is expected to be derived from land transactions.

    Questions & Answers

    What is the starting price for the land auction in An Khanh Commune?
    The starting price is VND1.06 trillion, or approximately US$40 million.

    What type of development is permitted on the auctioned land?
    The land is zoned for commercial residential development.

    What percentage of Hanoi’s total revenue from 2021 to 2030 is expected to come from land transactions?
    About 21.6% of the total revenue is projected to come from land transactions.

  • Pop Mart Unleashes Exciting Expansion: Beijing’s Pop Land Theme Park Reveals New Attractions and Diversification Strategy

    Pop Mart Unleashes Exciting Expansion: Beijing’s Pop Land Theme Park Reveals New Attractions and Diversification Strategy

    Pop Mart, a Hong Kong-based firm known for their popular ‘blind box’ collectible toys, including the iconic Labubu, has recently updated and broadened its range at its Beijing-based theme park, Pop Land.

    A Revamped Experience

    After a year of significant renovations, the Labubu Forest Zone is set to reopen to the public on April 30th, the company announced during a recent event. This conversion includes several new amusement park rides, engaging carnival games, live entertainment, food vendors, and retail outlets featuring beloved characters such as Dimoo and the The Monsters series, including fan-favorite Labubu.

    A Gradual and Strategic Expansion

    During a press conference, Pop Mart’s Vice President, Jeffrey Hu, shared his insights on the company’s growth strategy. After examining both Chinese and global markets, Hu believes there are ample opportunities for expansion. However, he indicated that the company wishes to focus on perfecting one theme park before duplicating the concept elsewhere.

    The evolution of Pop Land, which initially opened its doors in 2023, represents a shift in Pop Mart’s strategy. Moving away from a sole reliance on toys, the company aims to diversify its business by capitalizing on a wider selection of intellectual properties featuring its characters. To further this strategic diversification, a Labubu-themed film in collaboration with Sony Pictures is also in development.

    Impressive Financial Growth

    In terms of financial performance, Pop Mart reported a nearly three-fold increase in its 2025 revenue. The company’s revenue surged to 37.12 billion yuan, up from 13.04 billion yuan a year earlier. The firm’s profit also witnessed a substantial growth, soaring by 308 percent to reach 12.78 billion yuan.

    Questions & Answers

    What are the new features in the renovated Labubu Forest Zone?
    The newly renovated Labubu Forest Zone offers new amusement park rides, carnival games, live performances, food outlets, and retail stores featuring popular characters like Dimoo and Labubu.

    What is Pop Mart’s current growth strategy?
    Pop Mart is focusing on expanding its intellectual property portfolio and diversifying its offerings beyond toys. This includes the development of a theme park and a movie in collaboration with Sony Pictures.

    How did Pop Mart perform financially in 2025?
    Pop Mart reported a nearly three-fold increase in its 2025 revenue, which rose to 37.12 billion yuan from 13.04 billion yuan a year earlier. The company’s profit also witnessed a substantial growth of 308 percent, amounting to 12.78 billion yuan.

  • Miniso Unveils Malaysia’s First Miniso Land: A Mega Retail Experience at Sunway Pyramid

    Miniso Unveils Malaysia’s First Miniso Land: A Mega Retail Experience at Sunway Pyramid

    Miniso, the global retail brand, has inaugurated its first ‘Miniso Land’ in Malaysia, situated at the Sunway Pyramid mall. This new establishment has become the largest in Southeast Asia operating under the brand name.

    The Land of Miniso

    Located on the first floor of the mall, the expansive store covers around 1700 square meters. It brings forward a larger format retail concept, primarily focusing on Intellectual Property (IP) collaborations and engaging retail design. The store is home to over 8000 products, with more than 70% of the items crafted with licensed or proprietary IP characters.

    Thematic Retail and Interactive Zones

    The store features 15 distinct sections, each with a unique theme for retail and interactive purposes. These zones merge product displays with character installations, offering photo opportunities for visitors. The store houses a range of product categories such as mystery toys, stuffed toys, house accessories, drinkware, and a vast collection of beauty and skincare items.

    Spotlight on IP Collaborations

    The store showcases collaborations with licensed brands such as Sanrio and Monchhichi, while also highlighting Miniso’s in-house IP portfolio, including the YoYo series. The store’s visual appeal is further enhanced with ten large-scale Yo-Yo sculptures, emphasizing the brand’s focus on visual merchandising and social media engagement.

    Expansion Strategy

    The ‘Miniso Land’ concept is a significant part of the company’s expansion strategy. The brand aims to create themed environments and character-driven merchandising, with IP-related products constituting the majority of their inventory.

    This concept was first launched in Shanghai and has since grown to multiple locations across China and international markets such as Thailand, Spain, Indonesia, and Australia.

    Questions & Answers

    What is the size of the new Miniso Land in Malaysia?
    The new Miniso Land in Malaysia covers around 1700 square meters.

    What is unique about the Miniso Land concept?
    Miniso Land focuses on creating themed environments and character-driven merchandising, with a majority of the products being IP-related.

    Where was the first Miniso Land introduced?
    The first Miniso Land was introduced in Shanghai.

  • Miniso Debuts Its First ‘miniso Land’ In Thailand, Aiming To Transform Traditional Retail

    Miniso Debuts Its First ‘miniso Land’ In Thailand, Aiming To Transform Traditional Retail

    Miniso, a Chinese lifestyle brand, has made a significant stride in its global expansion strategy with the opening of its first Miniso Land store in Thailand. The new retail spot is situated in the bustling Siam Square shopping district of Bangkok, covering an impressive area of over 1000 square meters spread across three levels.

    Store Features

    This expansive store showcases more than 80 Intellectual Property (IP) characters, such as Harry Potter, Stitch, and popular characters from Sanrio. Also featured is Miniso’s proprietary IP line, DunDun Chicken, making its introduction to the Thai market through this store.

    In a statement, Miniso disclosed that products based on IP characters make up approximately 80% of the store’s entire product collection. This emphasizes Miniso’s retail strategy of enhancing the customers’ in-store experience by accentuating character-themed products.

    A Model for Success

    Jun Wang, CEO of Miniso Thailand, commented that this innovative retail model has proven successful in every location it has been implemented, by offering a more interactive shopping experience. Wang noted that the new store significantly contributes to their commitment towards the region and mirrors their ambition to transform traditional retail through inventive experiences and creative design.

    The Miniso Land concept originated in Shanghai in the previous year and has now grown to include 15 locations throughout China. The company has expressed its intention to continue the expansion of these experiential stores in Thailand’s primary commercial zones, especially those popular with younger demographics.

    Earlier this year, Miniso further demonstrated its growing influence in Thailand by unveiling its first flagship store near Asiatique Sky, which is home to Bangkok’s largest Ferris wheel.

    Questions & Answers

    What is unique about the new Miniso Land store in Thailand?
    The store is unique for its large array of IP character-based products, including their own IP line, DunDun Chicken, which is making its debut in the Thai market.

    What is the company’s strategy with these experiential stores?
    Miniso aims to redefine traditional retail by offering innovative and interactive shopping experiences, with a special focus on character-driven retail experiences.

    What does the opening of this store indicate about Miniso’s presence in Thailand?
    The opening of the first Miniso Land in Thailand, following the unveiling of its first flagship store, shows that Miniso is solidifying its presence and marking significant growth in the country.

  • Singapore’s LTA Partners With Nokia, Hitachi To Boost Rail Surveillance And Operational Efficiency

    Singapore’s LTA Partners With Nokia, Hitachi To Boost Rail Surveillance And Operational Efficiency

    The Land Transport Authority (LTA) in Singapore is taking the initiative to upgrade its rail infrastructure’s video transport and CCTV network. The project is being launched in partnership with Nokia and Hitachi Rail, and its primary goal is to boost real-time monitoring, enhance safety for commuters and bolster operational efficiency.

    Impacts of the Upgrade

    The initiative will focus on over 50 train stations, employing Nokia’s fiber-based Optical LAN and IP/MPLS solutions to bolster high-resolution video surveillance across the city’s railway system. The system, which caters to in excess of 3.65 million passengers per day, stands to benefit greatly from the enhanced surveillance capabilities.

    Nokia’s Optical LAN technology features robust optical network units (ONUs) and optical line terminals (OLTs) that can offer speeds up to 25 Gbps. When compared with traditional copper-based LAN infrastructure, this system utilizes about 70% less cabling and approximately 40% less power. These factors contribute to increased efficiency and sustainability. The deployment’s IP/MPLS component will provide dependable backhaul connectivity to the LTA’s centralized Operations Control Center, thus enabling efficient transport of live video data. This will lead to improved network reliability and quicker response capabilities.

    Stuart Hendry, Vice President of Enterprise Sales for Network Infrastructure at Nokia Asia Pacific, highlighted the importance of the project. He noted that fiber is being used to connect critical systems, including those responsible for monitoring transportation hubs worldwide. Ensuring a highly available, reliable, and secure real-time surveillance system is critical to the safety of those utilizing Singapore’s transit lines daily. The partnership with Hitachi Rail allowed Nokia to deliver a comprehensive solution for LTA, ensuring they had the necessary video capacity for their extensive CCTV surveillance and broader network operations for years to come.

    Nokia has stated the upgraded system will enhance the capacity and reliability of the LTA’s surveillance network and allow for future expansion as bandwidth and monitoring needs increase.

    Other Railway Project Improvements in Asia

    In addition to the Singapore project, various other improvements are being made to railway projects across Asia. One major project in Malaysia will see YTL Communications leading a significant fiber optic project. Meanwhile, in Indonesia, another project is being implemented to ensure high-speed railway safety and efficiency.

    Joaquim Santos, Vice President of Integrated Communication and Supervision Solutions (ICS) at Hitachi Rail, expressed satisfaction with the collaboration. He stated that the project is part of Hitachi’s ongoing relationship with the LTA and will play a crucial role in upgrading the transport infrastructure.

    Questions & Answers

    What is the primary goal of this upgrade project?
    The primary goal is to boost real-time monitoring, enhance safety for commuters and bolster operational efficiency.

    What are the technical specifications of the upgrade?
    The upgrade will employ Nokia’s fiber-based Optical LAN and IP/MPLS solutions which can offer speeds up to 25 Gbps. This will allow for efficient transport of live video data and improved network reliability.

    What is the significance of this upgrade for Singapore’s railway network?
    This upgrade will enhance the capacity and reliability of the LTA’s surveillance network and allow for future expansion as bandwidth and monitoring needs increase. This will contribute to the safety and efficiency of the rail network.

  • Hongkong Land posts record profit, despite protests

    Hongkong Land posts record profit, despite protests

    Property developer Hongkong Land has reported a 4-per-cent rise in underlying profit to a record US$1.076 billion for last year – but warned that the advent of the coronavirus outbreak will dent results this year.

    “The group’s results in 2020 will be impacted by the COVID-19 outbreak, with the performance of development properties in the Chinese mainland and the group’s retail properties expected to be most affected,” said chairman Ben Keswick.

    “The extent of the impact will be dependent on the duration and geographic extent of the outbreak. Stable contributions are expected from the group’s other businesses, although there are expected to be higher financing costs,” he said.

    In Hong Kong, where the company’s high-profile retail portfolio is centred, beneath its Central office towers, all store spaces were fully occupied and delivered “a respectable performance over the Christmas period” following several challenging months for the retail market in the city relating to anti-extradition bill protests.

    “Despite positive base rental reversions, however, the average retail rent in 2019 decreased to HK$222 per sqft from HK$233 per sqft in 2018, due to temporary rent relief and a decline in turnover rent,” the company said in a statement.

    Meanwhile, planning of the group’s 49-per-cent owned prime mixed-use retail and Grade A office development in Bangkok’s CBD, a partnership with local Central Group, continues on schedule. The development is expected to complete in 2025.

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  • Locations announced for new Lego stores in Queensland, Australia

    Locations announced for new Lego stores in Queensland, Australia

    Alceon Group has announced the locations of two new Lego stores opening in Queensland this year.

    The investment firm, which holds the distribution rights for Lego in Australia and New Zealand, will open stores in QIC’s Robina Town Centre on the Gold Coast and Westfield’s Chermside shopping center in Brisbane.

    The stores, measuring 188sqm and 236sqm respectively, will incorporate many of the custom-built design features seen in the Sydney store, such as brick-built mosaics and 3D models of local icons.

    “We are confident that brick fans of all ages will enjoy these new world-class retail experiences, with signature features that are a tribute to creativity and innovation,” Richard Facioni, executive director of Alceon Group, said in a statement.

    The Queensland store openings are part of a broader expansion of Lego’s bricks-and-mortar presence in Australia and New Zealand, following the opening of the first certified Lego store in the region at Westfield Bondi Junction in March.

    Alceon last month revealed plans to open additional stores in New South Wales, Victoria and Queensland this year, with more to follow in South Australia and Western Australia in 2020. A store is also set to open in Westfield’s Newmarket shopping center in Auckland this year.

    Facioni said in July that the brand has benefited from the popularity of the top-rated Lego Masters reality show; the stores will aim to capitalize on that momentum.

    “Our two landmark Lego certified stores in Queensland will attract both local and international visitors as we unveil fun and inspiring retail environments that showcase the creative potential of the world-famous Lego brick,” he said in a statement.

    Alceon has become one of the biggest investors in the retail sector, after it acquired the Specialty Fashion Group brands Katies, Millers, Autograph, Crossroads and Rivers in 2018. The company has a controlling stake in Noni B and ethical designer fashion brand Ginger and Smart, and owns Ezibuy, SurfStitch, and Pumpkin Patch, among other retail assets.

    The company this week reported a 136 percent increase in sales at Noni B Group, which includes the womenswear chain and five former SFG brands, to $881.9 million, though net profit was down 52 percent to $8.2 million due to restructuring costs associated with the acquisition.

  • Boost for Sinarmas Land profit from Indonesian recovery

    Boost for Sinarmas Land profit from Indonesian recovery

    Propery developer Sinarmas Land saw its profits soar off the back of better sales from its joint venture developments. Net profit surged 136.6 per cent to S$37.2 million for the three months to March 31. This came off the back of higher revenue, which rose 31.8 per cent to S$237.1 million.

    It attributed its stellar performance to an increase in residential units handed over to home buyers in its mixed-use development BSD City in Indonesia, but said it was offset by lower sales of industrial land in Indonesia.

    It also recorded a share of profits in joint ventures of S$3.8 million for the first quarter, compared with a loss of S$3.1 million in the same period last year.

    Ms Margaretha Widjaja, executive director of SML and vice-chairman of Sinarmas Land Indonesia, said that Indonesia’s economic recovery has been aided by improved commodity prices, albeit at a gradual pace.

    While Indonesia’s property sector had been negatively impacted by extended periods of lackluster economic performance, consumer purchasing power is set to improve, she added.

    “The group is cautiously expecting a stronger recovering, following the Indonesian government’s larger infrastructure spending, increased direct investments, led by the implementation of economic stimulus packages,” she said.

    Earnings per share came in at 0.87 cents for the first quarter, compared with 0.37 cents for the same period a year earlier.

    Net asset value as at March 31 was S$0.44, down from S$0.47 three months earlier.

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  • Price of land on the rise in HCM City

    Price of land on the rise in HCM City

    Land prices in HCM City and neigbouring provinces are increasing, with real estate industry insiders attributing it to high liquidity.

    Nguyễn Quốc Anh, deputy director of Đại Việt Group, said prices have been rising in all districts in the city since the end of last year.

    He quoted real estate website batdongsan.com.vn as saying that land prices surged 51 per cent last September.

    They are up 34 per cent in Thủ Đức District, 54 per cent in Hóc Môn, 37 per cent in Bình Tân and 13 per cent in District 7.

    Anh said that since the end of last year demand has been strong, with both speculators and people with actual housing needs buying.

    Nguyễn Thanh Trang of District 7 said she bought land in Bình Tân and made a profit of over 30 per cent within half a year.

    Brokers said areas where prices have increased are ones where residential projects are mushrooming or infrastructure would be improved in future.

    Explaining further, they said when an apartment or housing project is announced, land prices jump in the vicinity.

    A year ago a 60sq.m piece of land in District 9, 15km from downtown, cost VNĐ600 million (US$28,000). Now the same land costs VNĐ800-900 million ($40 million).

    Prices in more central parts have risen even more.

    For instance, in Linh Đông Ward of Thủ Đức District, 8km from downtown, now costs VNĐ18-25 million ($810-1,100) per square metre. A year ago it was only VNĐ14-16 million ($636-720).

    The rise is attributed to the new Phạm Văn Đồng Street which runs to the Gò Dưa traffic intersection.

    Furthermore, three apartment projects are being developed on this road.

    Districts 7 and Nhà Bè too have seen prices jump after authorities indicated several bridges would be built there and many streets expanded together with flyovers and tunnels.

    Neighbouring provinces like Đồng Nai, Bình Dương, and Long An where tourism is developing are also seeing land prices go up sharply.

    Brokers said liquidity is very good in these markets, with buyers coming from HCM City and elsewhere and acquiring lands without haggling much.

    But as prices go up, some are reminded of the property bubble that burst in 2008-10.

    Lê Hoàng Châu, chairman of the HCM City Real Estate Association, admitted that the risk of a bubble exists and said buyers should exercise caution when investing.

     

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