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  • September 22, 2014
  • Last updated: 10:56pm
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Results 1 - 10 of 25 for rental expense

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  1. Property - Hong Kong & China - RETAIL

    Global retail report says Hong Kong is most expensive place for shop rents

    Posted Sep 12th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com A global report says top rentals in prime areas have soared to over US$927 per sq ft per year HK confirmed as the most expensive for shop rents Hong Kong is the most expensive place in the world for shop rents, according to property consultants Cushman & Wakefield. A dearth of prime shopping space and the lure of big-spending mainland tourists has ...

  2. Property - Hong Kong & China - RETAIL

    Retail rents cut as landlords fight to keep tenants

    Posted Sep 11th 2014, 06:01am by Peggy Sito

    ... double-digit declines, said Kevin Lam, DTZ's head of business space, Hong Kong. Most of the leasing transactions done in recent months either maintained the rental level of the previous contract or had returned to the level in 2011, Lam said. A number of retail properties in Russell Street, Causeway Bay, will have contract renewals early next year. "The change in rentals ...

  3. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan (HK$71.4 million) to 284.2 million yuan, mainly due to increased spending in advertising and promotions. The company put in 267.1 million yuan into advertising and promotional expenses, up 77.8 ...

  4. News - Hong Kong - RETAIL

    Catering to local consumers, 759Store chain ploughs ahead despite worries over visitor number cuts

    Posted Jun 13th 2014, 04:48am by Amy Nip

    ... on with his expansion plans will increase the number of 759 Kawaiiland- a new chain of outlets selling personal care products- from seven to 20. He had also renewed rental contracts with The Link ...

  5. News - Hong Kong - RETAIL

    Small shops at risk due to the Link's deals with big chains, says watchdog

    Posted Dec 20th 2013, 04:29am by Amy Nip

    ... land is so scarce, the Link Reit's rental deals favour supermarket chains at the expense of independent competitors, the Consumer Council has warned. ParknShop and Wellcome have a combined ... bundle rental deals with the Link, which has a portfolio of 11 million square feet of retail space. This is a factor in their current prominence, the report said. Chan Po-ying of Link Watch said ...

  6. Property - Hong Kong & China - RETAIL

    Big fashion brands still looking to Hong Kong

    Posted Oct 09th 2013, 12:00am by Yvonne Liu

    ... already explored the options available at IFC in Central, Elements above Kowloon station and Festival Walk in Kowloon Tong. Since retail rents in the city were expensive, finding additional space ... which has led to a slowdown in rental growth." According to the firm, retail rents of high street shops rose 3.4 per cent from the end of 2012 to the end of the third quarter of 2013, well ...

  7. Property - Hong Kong & China - RETAIL

    Shop landlords feeling the heat of falling luxury goods sales

    Posted Oct 10th 2012, 12:00am by Yvonne Liu

    ... of jewellery, watches and expensive gifts - which are the most popular items on the shopping lists of mainland visitors - fell 3.4 per cent in value in August compared with a year ago. The decline ... unrealistically high expectations of sales and landlords who had lifted rents too far. "I think we will now see a return to more realistic rentals," he added. Hong Kong Retail Management ...

  8. Property - Hong Kong & China - RETAIL

    Mainland Chinese's declining spending hits rents for Hong Kong's street-level shops

    Posted May 29th 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Tenants, hurting as mainland shoppers buy less due to slowing economy and war on officials' luxury spending, negotiate down rental increases Sales slowdown ... but retailers of expensive watches and jewellery say sales of items priced between HK$1 million and HK$5 million have dropped by as much as 15 per cent since March as the slowing mainland economy ...

  9. Property - Hong Kong & China - RETAIL

    Kwai Chung industrial building to be converted into a 10-storey mall

    Posted Dec 04th 2013, 05:34am by Yvonne Liu

    ... of over 10 to 20 per cent this year. We didn't see a slowdown in rental growth as this was confined to street-level shops," said Chung, who manages nine major shopping malls across the city. "We hope to maintain similar rental growth in 2014." ...

  10. Property - Hong Kong & China - RETAIL

    Royal Selangor Pewter not deterred by high Hong Kong rent levels

    Posted Oct 02nd 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Royal Selangor Pewter opens on Hollywood Road, drawn by up-and-coming area's high foot traffic, despite the high store rental costs Malaysian firm has ... with Gough Street, Hollywood Road has become a magnet for international tenants looking for a trendy location that charges lower rentals than Central. The high density of shopping traffic offered ...




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