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  • July 23, 2014
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  1. News - Hong Kong

    The Press Room forced to close as high rents push Hong Kong restaurants out of business

    Posted Jul 22nd 2014, 03:57am by Vivienne Chow

    ... Vivienne Chow vivienne.chow@scmp.com High rents tough for restaurants to digest Soaring rents and increasing labour costs are putting a well-known restaurant out of business, while ... Room Group, said yesterday that "due to increasing commercial rents in the area", the business has been forced to close its doors. The group is also closing another of its restaurants ...

    http://www.scmp.com/news/hong-kong/article/1557057/high-rents-hong-kong-make-it-tough-restaurants-survive
  2. Comment - Insight & Opinion

    Greedy landlords and worship of luxury goods are killing best of old Hong Kong

    Posted Apr 23rd 2013, 12:00am

    ... and Central for 62 years, said farewell to its last customers on Sunday, another casualty of landlords seeking higher rents and more prestigious tenants. The cha chaan teng shared the fate ... closed after the monthly rent doubled to HK$600,000. Ngau Kee's operator, Mak Ping-keung, said his landlord refused to renew his HK$49,000 lease for the 1,300 sq ft restaurant. The site can ...

    http://www.scmp.com/comment/insight-opinion/article/1220977/greedy-landlords-and-worship-luxury-goods-are-killing-best
  3. News - World - PUBLISHING

    Amazon unveils 'rent an e-book' monthly subscription plan for mobile devices

    Posted Jul 20th 2014, 06:35am by AFP

    ... Agence France-Presse in New York Monthly subscription will offer unlimited access to the online giant's catalogue in a move that could shake up the industry Amazon unveils 'rent ... but also by services such as Spotify for music. Colin Gillis, a technology analyst at BGC Partners, said the move to subscriptions was part of a trend towards "a 'rent, not own' ...

    http://www.scmp.com/news/world/article/1556639/amazon-unveils-rent-e-book-monthly-subscription-plan-mobile-devices
  4. Property - International - GERMANY

    Home prices in Berlin outpace rents

    Posted Jul 16th 2014, 05:08am by Bloomberg

    ... Bloomberg in Berlin Home prices in Berlin outpace rents Advertised prices for Berlin flats rose more than twice as fast as rents in June as housing demand in Germany's capital outpaced construction and low borrowing costs encouraged buyers. An index measuring asking prices for flats in the city in June rose 15.6 points from a year earlier to 161, while a rent index rose ...

    http://www.scmp.com/property/international/article/1554878/home-prices-berlin-outpace-rents
  5. Property - Hong Kong & China - LEASING

    Office rents grew fastest in Shenzhen, new SCMP-DTZ index shows

    Posted Jul 15th 2014, 03:33pm by Peggy Sito

    ... It was developed with a base value of 100 at the first quarter of 2013. Shenzhen recorded the highest overall increase in rents in the second quarter, up 5.7 per cent from the previous quarter, ... driver of rent increases in these districts, with Lo Wu gaining 9.6 per cent and Futian rising 4.7 per cent. Changsha in Hunan province took second place on the index, with an increase of 2.1 per ...

    http://www.scmp.com/property/hong-kong-china/article/1551865/office-rents-grew-fastest-shenzhen-new-scmp-dtz-index-shows
  6. Property - Hong Kong & China - COMMERCIAL

    Landlords forced to lower asking rents as mainland tourist spending falls

    Posted Jul 09th 2014, 05:02am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Decline in number of big-spending mainland tourists has hit sales of luxury goods, forcing owners to be more realistic in their rent demands Retail landlords rein in giddy asking rents Property investors who bulked up their retail portfolios in recent years have found themselves on the wrong end of a bet on mainland shoppers driving a sustained boom ...

    http://www.scmp.com/property/hong-kong-china/article/1549705/landlords-forced-lower-asking-rents-mainland-tourist
  7. News - Hong Kong - HOUSING

    Lawmakers call for study into return of rent controls to protect tenants

    Posted Jul 08th 2014, 03:42am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Lawmakers call for study into rent controls Lawmakers have called on the government to consider reintroducing rent controls despite government findings ... controls would prevent poor tenants being forced from their homes by the city's soaring rents. "Tenants have little bargaining power," Kwok Wai-keung, from the Federation of Trade ...

    http://www.scmp.com/news/hong-kong/article/1549165/lawmakers-call-study-return-rent-controls-protect-tenants
  8. Business - Economy - LIGHT POLLUTION

    Higher rent may be the price for a good night’s sleep

    Posted Jul 08th 2014, 11:18am by Richard Wong

    ... Richard Wong The market has found its own way of dealing with light pollution in Hong Kong, where higher rents may be the price for a good night's sleep Neon nuisance Nobel laureate ... in their vicinity. What can Coase's reasoning offer on this issue? Those least affected by it live in brightly lit neighbourhoods The neon lights are erected by shopkeepers who rent wall space from ...

    http://www.scmp.com/business/economy/article/1549450/higher-rent-may-be-price-good-nights-sleep
  9. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... Jake van der Kamp Housing Authority will run out of money if it continues building flats without raising rents that are already among the lowest in urban world High time we stopped paying this rent Professor Raymond So Wai-man, who chairs the Housing Authority's finance committee, said it may need to ask for more funding as its coffers will have dwindled to HK$28.2 billion ...

    http://www.scmp.com/business/article/1549258/housing-authority-must-raise-public-housing-rents-or-run-out-money
  10. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

    Posted Jul 03rd 2014, 03:26am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Public flat tenants facing 10pc rent rise Public housing tenants will be asked to help relieve the Housing Authority's financial burden with a rent ... rent to ease the burden on tenants, as they did for the previous two rent increases. "We hope the committee will think twice about [a waiver]. Is this the best way of using ...

    http://www.scmp.com/news/hong-kong/article/1545118/housing-authority-set-increase-rents-public-flats-10-cent

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