Specialty mall for Hunghom
Lexcon Investment plans to open its proposed arcade of Chinese medicine-related businesses Whampoa Garden, Hunghom, in May.
Leasing for floor space in the 38,000 square-foot mall begins on Friday.
'A licence system will be introduced to regulate Chinese medicine practitioners next year,' Lexcon Investment project organiser Stephen Sum Wing-nin said. 'We think it is also a time for repackaging the traditional business in a modern way.' The mall would be divided into zones for products and services, such as clinic and pharmacy, dry-preserved marine products, herbal tea and health food, medicine book and equipment and related lectures or exhibitions.
Half of the approximately 50 units could be leased out by the end of next month, Mr Sum expected.
Rent would be $25 to $40 per square foot monthly, on a six-year term.
Lexcon Investment was the lease agent for the project, while Hutchison Whampoa was co-organiser, Mr Shum said.
'We have received about 100 inquiries about leasing, in which more than 30 have shown strong interest.' CHINESE MEDICINE