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DFI Retail Group

Asian retailer operating extensive multi-market stores

Property Manager

Full-TimeUpdated on 10/16/2026
No salary listed
Senior
Bachelor's
Singapore
In Person
Real EstateReal Estate Property Management

About the job

Requirements
  • A bachelor's degree in Real Estate Management, Business Administration, or a related field.
  • Five to eight years of experience in property management.
  • Experience working with landlords, developers, and property consultants, and managing multiple retail stores.
  • Strong negotiation skills and expertise in securing favorable lease terms and managing landlord relationships.
  • Knowledge of budgeting, cost management, and return-on-investment analysis.
  • Proactiveness in resolving property challenges and optimizing resources.
Responsibilities
  • Identify potential retail locations and support site evaluation activities.
  • Conduct market research, gather property intelligence, and perform competitive benchmarking.
  • Manage lease activities, including new leases, renewals, and relocations.
  • Support lease negotiations with landlords and property representatives.
  • Coordinate lease documentation and work with Legal to complete agreements.
  • Provide updates on the property pipeline, negotiations, and site progress.
  • Conduct financial analyses, including rental proposals, occupancy costs, return on investment, and payback assessments, to support property decisions.
  • Prepare property budgets and ensure expenditure aligns with business plans.
  • Identify opportunities to improve portfolio profitability through lease restructuring, rental savings, and commercial negotiations.
  • Maintain positive relationships with landlords, developers, and property consultants.
  • Coordinate with internal stakeholders, including Operations, Finance, Legal, Commercial, Projects, and Marketing, to support retail growth strategies and ensure smooth execution.
  • Maintain accurate property records, databases, and reports with the Property Administrator.
  • Monitor property key performance indicators and provide regular updates.
Desired Qualifications
  • Knowledge of the health and beauty industry is a plus.
  • Openness to change and learning from others.

About the company

DFI Retail Group is a large Asian retailer operating about 7,580 outlets across 12 markets, with a portfolio across health and beauty, convenience, food, home furnishings and restaurants. It runs extensive store networks and efficient supply chains to deliver everyday consumer goods and services to customers. Its products are sold through its own stores and associated brands, supported by a wide logistics network to ensure availability and value. The group stands out from competitors through its size and scale in Asia, a diversified brand portfolio, a strong parent backing as part of the Jardine Matheson Group, and a strategic focus on providing quality, value and service across multiple everyday categories. Its goal is to Sustainably Serve Asia for Generations with Everyday Moments, aiming to meet daily consumer needs while emphasizing sustainable practices and long-term customer value.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Hong Kong

Founded

1886

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Simplify's Take

What believers are saying

  • First-half 2026 profit jumped 44% to US$117 million; guidance rose on 29 July 2026.
  • Digital turned profitable in H1 2026, with eCommerce and media driving 35% growth.
  • GNC begins Singapore rollout in Q4 2026, opening Guardian and standalone store revenue.

What critics are saying

  • Mannings exited mainland China by 15 January 2026, shrinking DFI’s health-beauty footprint.
  • Singapore’s GNC expansion depends on landlord consents after the May 2026 Court ruling.
  • Retail execution now hinges on Scott Price and Kshitij Mulay after repeated leadership turnover.

What makes DFI Retail Group unique

  • DFI spans 7,659 outlets across 12 Asian markets as of 30 June 2026.
  • yuu powers loyalty, retail media, analytics, and eCommerce across DFI’s omni-platform.
  • Guardian-GNC partnership deepens wellness distribution in Hong Kong, Macau, and Singapore.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Holidays
  • Parental Leave
  • Employee Discounts
  • Employee Referral Bonus

Company News

Associated Press
Sep 1st, 2026
DFI Retail Group appoints Kshitij Mulay as group chief digital & yuu rewards officer

DFI Retail Group has appointed Kshitij Mulay as Group Chief Digital & yuu Rewards Officer, effective 17 September 2026. He succeeds Wee Lee Loh, who is returning to Singapore after three years with the company. Mulay joins from Sephora Asia, where he served as Chief Information Officer. He brings over 25 years of international experience in digital, technology and business transformation across consumer and retail organisations, including Sephora and Procter & Gamble. Based in Hong Kong, Mulay will report to Group Chief Executive Scott Price and oversee DFI's Digital, yuu, Retail Analytics and Retail Media portfolios. He will work with Loh during a transition period to ensure continuity. DFI Retail Group operates 7,659 outlets across 12 Asian markets as of 30 June 2026.

PR Newswire
Aug 14th, 2026
GNC and DFI Retail Group partner to expand science-backed health solutions in Singapore

GNC and DFI Retail Group have expanded their strategic partnership to strengthen GNC's presence in Singapore. DFI will serve as GNC's exclusive wholesaler, distributor and franchisee in Hong Kong, Macau and Singapore, building on their two-decade collaboration in Hong Kong. The partnership will re-establish GNC's standalone store presence in Singapore whilst introducing the brand to DFI's Guardian Singapore stores. This follows a May 2026 Singapore Court of Appeal ruling that upheld GNC's rights to assume former store leases. Beginning in Q4 2026, GNC's science-backed wellness products, including vitamins, minerals and sports nutrition, will be available through Guardian stores and GNC's standalone locations. Singapore's dietary supplement market is projected to grow at 9.5% annually from 2025 to 2030, driven by the country's health-conscious and aging population.

Associated Press
Jun 9th, 2026
Number 8 Bio wins DFI Sustainability Innovation Challenge with feed additive cutting cattle methane

DFI Retail Group and The Mills Fabrica have named Australia-based Number 8 Bio as the winner of the DFI Sustainability Innovation Challenge 2026. The company's BetterFeed™, a feed additive that reduces enteric methane from grazing cattle and sheep whilst improving productivity, will be piloted across DFI's regional beef and dairy supply chains. The competition attracted over 40 global submissions from five continents. Number 8 Bio receives a HK$120,000 grant and partnership opportunities with DFI, including pilots with Mengniu Dairy and Charoen Pokphand Foods. Launched in December 2025, the challenge sought solutions to decarbonise beef and dairy supply chains across Asia. Five finalists presented technologies ranging from seaweed-based supplements to AI-enabled monitoring systems at the final pitching event held on 5 June, World Environment Day.

Retail Asia
May 4th, 2023
DFI Retail names new Group chief executive | Retail Asia

DFI Retail Group announced the appointment of Scott Price as Group chief executive to replace Ian McLeod starting on 1 August 2023.

MARKETING-INTERACTIVE
Feb 15th, 2023
DFI Retail Group nabs HK Express' Sally Mok as | Marketing-Interactive

DFI Retail Group has appointed Sally Mok (pictured) as vice president of customer experience for rewards loyalty and eCommerce platform yuu.