What retail apocalypse? Southeast Asia’s malls are sitting pretty

A cursory look at the ranking of the world’s largest shopping centres shows the scale of the decline in the US retail property market. The US has only one, the Mall of America near Minneapolis, Minnesota, among the top 20. This is not surprising given that virtually no shopping centres were built in the last two decades.
A succession of shocks – which included the disruptive impact of e-commerce, the financial woes of department stores that served as anchor tenants for most malls and the damage...