In Manila's central business district of Makati City is Greenbelt, the flagship mall of Ayala Land, the country's leading property developer. Comprising a 1.3 million-square-foot lifestyle complex, with more than 250 shops, restaurants and entertainment venues, the mall opened in 2002 with Greenbelt 1 and 2, followed by Greenbelt 3 in 2003. Greenbelt 4, which houses designer labels such as Prada, Gucci, Bottega Veneta and Louis Vuitton, opened in 2004. And in October, WWD reported Monique Lhuillier is looking to go abroad in the next couple of years with stores in the Philippines — where Lhuillier grew up — and other select Asian and European locales.
The big news in Singapore has been Gap Inc.-owned Banana Republic's move into the region. WWD reported in August, "Customers were waiting when the retailer unveiled its first Banana Republic store here in July, the region's third new boutique in as many months." At the other end of the retail spectrum, Jimmy Choo teamed up with Malaysian partner Valiram Group to operate a Choo location in Ngee Ann City, Singapore. And Polo Ralph Lauren Corp.-owned Club Monaco, which has 38 units in Hong Kong and Seoul, plans to enter Singapore and Malaysia next year.
source: euromonitor international; all retail sales are projected for the year 2007; australia and new zealand are categorized as a separate region, “Australiasia,” and are therefore not considered part of this ranking