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  • October 26, 2014
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  1. Kerry sees 10pc gain in rental income

    Posted Aug 31st 2004, 12:00am by Staff Reporter

    ... property Ernest Kong Kerry Properties has seen a 10 per cent increase in rental income in Hong Kong for the first six months of this year. The company, which focuses on the luxury rental market, said it earned about HK$150 million in rental income from about 400 residential units during the period. Kerry Real Estate Agency executive director Chu Ip-pui was optimistic about ...

  2. Office rental chief credits success to playing for keeps

    Posted Mar 07th 2011, 12:00am by Mukul Munish

    ... manager benefited from a quick recovery in commercial property rentals last year and a high tenant retention, at 64.5 per cent, according to CEO Stephen Chu. Chu said he made an effort to meet ... million, which comprised HK$226.9 million worth of rental and car park income, plus HK$43.2 million of rental-related income. Prosperity's net property income rose to HK$212.5 million. ...

  3. Capitalists venture US$20m into mainland firm eHi Car Rental

    Posted Jul 13th 2009, 12:00am by Staff Reporter

    ... car rental company, eHi Car Rental. EHi said in a statement that it would use the proceeds to expand its fleet and increase its number of outlets nationwide. Ray Zhang, the company's ... in the mainland's highly competitive car rental sector. EHi, which was founded in 2006, received US$5 million from Qiming in May last year, and it is facing fierce competition from a host of rivals ...

  4. Vendors step up fight over rental contracts

    Posted Aug 28th 2008, 12:00am by Martin Wong

    ... Martin Wong Vendors at a Tseung Kwan O wet market closed their stalls for the second time in two weeks to demand that The Link Management extend their rental contracts. The 78 vendors left ... to lease stalls for up to six years and review their rental rates in an open manner. A spokesman for The Link said the three-month contract was only temporary. 'The Link will decide ...

  5. Chongqing launches huge public housing programme

    Posted Apr 07th 2010, 12:00am by Sandy Li

    ... they are too far away from the city centre and will make commuting a long and expensive exercise. Office worker Deng Xiangguo is typical of those targeted by the rental scheme. Deng, 28, earns 3,000 yuan a month and rents a 90-square-metre unit in the city's urban area with his friend for 1,200 yuan a month. 'Yes, the rental will be cheaper. But it will take me 11/2 hours ...

  6. Pearl River Tower to give tenants green image

    Posted Dec 16th 2009, 12:00am by Chloe Lai

    ... had motivated a tobacco firm to build China's most ambitious green building. Eric Lam, the general manager of Colliers International in Guangzhou, declined to disclose projected rentals but stressed the building would set new benchmarks for grade A office rentals in the city. Current grade A rentals in the area are about 200 yuan (HK$227) per square metre. Lam said a number of large ...

  7. Management fees stay static while rents fall

    Posted Nov 05th 2003, 12:00am by Staff Reporter

    ... the service charge represents a large proportion of the rental cost.' According to Colliers, most grade-A office developers still charged more than $8 per square foot in service charges. The main ... 'Energy expenses, one of the major running costs, have remained unchanged for many years,' Mr Brunner said. Pang Shiu-kee, managing director, SK Pang Surveyors, said management fees had ...

  8. Designer stores return to city

    Posted Nov 26th 2003, 12:00am by Sandy Li

    ... Sandy Li International retailers are being lured back by low rentals and big spenders Six years ago, it was not uncommon to hear luxury international brands hit hard by the Asian financial ... a welcome respite for top-end retail landlords reeling under a sharp decline in rentals and growing pressure to find quality tenants. An increasing number of renowned retailers such as Louis ...

  9. Developers optimistic about serviced apartment sector

    Posted Jun 11th 2010, 12:00am by Andrea Li

    ... in the office, but a couple or a family looking to make Macau their home for the next few years. 'Macau's rental market also offers more value for money. It is not expensive to rent a decent ... to executives' lengthier job postings and cheaper property prices. 'Renting an apartment in Macau is not as expensive as Hong Kong. With the majority of expatriates signed on to work in Macau ...

  10. Rising rents eat into Pizza Hut as sales stay stagnant

    Posted Mar 11th 2004, 12:00am by Sandy Li

    ... The chain had scrapped plans to open additional outlets in Causeway Bay and Tsim Sha Tsui, he said. But the company would resume expansion once rentals dropped to reasonable levels. Mr Yip said it would be difficult for a new store to make a profit if rental expenses exceeded 20 per cent of sales. The business environment in Hong Kong was tough compared with Taiwan and Hawaii. Mr Yip said ...




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