Tokyo, Singapore Hottest Retail Hub in Asia

Tokyo is the world's hottest city for new retailer expansion, attracting 63 new retail brands.
 
Space in core areas of Tokyo remain highly sought after despite the mixed signals in the economy and an increase in sales tax of 8% introduced in April 2014.
 
Singapore follows Tokyo with 58 new retail brands whilst Taipei came in fourth, climbing seven places from last year's new entrants' rankings with 49 new brands this year compared to 29 in 2013. Other cities in the region which makes the top fifteen markets include Hong Kong with 45 new entrants, Beijing with 34 and Manila with 24.