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  • November 28, 2014
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  1. SME profit outlook turns bearish

    Posted Apr 03rd 2007, 12:00am by Charlotte So

    ... in Hong Kong as much as the large companies,' K.K. Leung, UPS general manager for Hong Kong and Macau, said yesterday. High labour costs and rental expenses hit such local enterprises the most, said the city's 100 respondents, with annual sales ranging from US$500,000 to US$10 million. Hong Kong ranked first in rental burden among Asian countries and third in labour costs ...

  2. Shanghai closes shop rental gap

    Posted Dec 21st 2011, 12:00am

    ... the most expensive city in the world in terms of high-street shop rentals. 'But the gap in rentals of shops in retail centres between the two cities is narrowing,' she said. According ... Peggy Sito peggy.sito@scmp.com Hong Kong remains the most expensive retail address in the Asia-Pacific region, but Shanghai is rapidly climbing the rankings ladder, say property ...

  3. HK rents third most expensive for expatriates

    Posted Feb 16th 2011, 12:00am by Sandy Li

    ... up,' says Lee Quane, regional director of ECA Asia. Tokyo is the most expensive location, with an average rental of US$4,352 for a two-bedroom unit, while Moscow ranked second at US$3,500. ... Sandy Li Hong Kong has leapt six places to become the world's third most expensive city for expatriates to rent a two-bedroom apartment, according to a survey released by human ...

  4. Big names take HK rents to new high

    Posted Jun 02nd 2011, 12:00am

    ... retail rents still ranked below New York's US$1,900 per square foot per year on the list of the 20 most expensive retail rental markets in the world in the first quarter. Still, property ... Peggy Sito peggy.sito@scmp.com Retail rents in Hong Kong jumped 46 per cent quarter on quarter, making it the second-most expensive location in the world as major brands vied for limited ...

  5. Retail sales surge as stock market boom fuels shopping frenzy

    Posted Oct 08th 2007, 12:00am by Andy Chen

    ... negatively by exerting pressure on both rental and staff expenses'. Mr Huang, meanwhile, said that marketing and personnel 'have become very expensive' in the mainland, ...

  6. HK offices top most costly list in world

    Posted Jul 18th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Hong Kong's Central maintained its ranking as the most expensive place in the world to rent a top-grade office in the first quarter of the year- despite a fall in rents in the district. A survey of rental charges for a 10,000 sq ft grade A office in 133 prime commercial locations worldwide by commercial property consultancy CBRE found ...

  7. Rising rents prompt warning

    Posted Jul 21st 2004, 12:00am by Peggy Sito

    ... is about 90 per cent leased. 'So this time next year, the situation will be quite different. Rentals will become more expensive,' Mr Cruz said. Mr Cruz said Hong Kong should be careful ... most-expensive city in the world in which to rent office accommodation. Exchange Square commanded a monthly rental of more than $100 per square foot when the office market peaked in 1994, about three ...

  8. HK trophy homes the world's most expensive

    Posted Sep 23rd 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Hong Kong is the most expensive city in the world when it comes to billionaire trophy homes, according to a report by Savills, the international property ... London's and over 10 times the price in Sydney, the cheapest location for billionaires that Savills charted. The report said that while genuine overall demand is strong, evidenced by rental ...

  9. Hong Kong takes world lead in office rental costs

    Posted Feb 26th 2009, 12:00am by Staff Reporter

    ... Fulton Mak Hong Kong overtook London as the most expensive place to rent offices last year, but the No1 position may be fleeting as local landlords brace for a big decline in the market ... International (Hong Kong), said the practice of having long-term leases in Japan, which may extend five or 10 years, would make the rental correction in Tokyo relatively more moderate than in Hong Kong. ...

  10. Eateries forced to move upstairs

    Posted Aug 08th 2011, 12:00am

    ... and Related Trades president Simon Wong Ka-wo warned that as expensive ground-floor premises became increasingly unaffordable for eateries, Hong Kong's reputation for cuisine could be affected. 'How would you be able to afford the monthly rental of HK$500 or HK$600 per square feet, which is the price asked by the landlords of ground-level shops in those prime districts?' Wong ...




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