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  • August 29, 2014
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  1. Property - Hong Kong & China - RENTS

    Hong Kong home rents rise at quickest pace in 23 months

    Posted Aug 26th 2014, 11:43am by Peggy Sito

    ... of entry-level flats hit record highs are now seeing rents soar to previously unseen levels. "It is sad that entry-level families will continue to struggle to cope as the cost of living pressures bites," said Simon Lo Wing-fai, an executive director at Colliers International's research and advisory division. Home prices and rents have both increased over the past few months, and Lo ...

  2. Property - International - BRITAIN

    Riskiest London offices lure investors as rents soar

    Posted Aug 27th 2014, 05:34am by BLOOM

    ... Bloomberg in London Riskiest London offices lure investors as rents rise Central London office buildings considered riskier bets are commanding higher prices as a shortage of properties available to lease sends rents soaring. Office buildings where leases are close to expiring rose 19.6 per cent in value in the year to June, compared with a 14.9 per cent gain for the longest-leased ...

  3. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... districts as landlords hold back on raising rents. Landlords were foregoing rent increases or asking for smaller gains when leases came up for renewal, said Luk Fook chairman Wong Wai-sheung. ... renew leases for stores that we rented three years ago, we would see a big jump in rent," said Wong. "But we've seen the rental increase slow at many stores. Some landlords ...

  4. 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 ...

  5. Comment - Letters

    Escalating rents pose greater threat to small businesses than minimum wage rise

    Posted Aug 23rd 2014, 02:41am by LETTERS

    ... Escalating rents pose greater threat than minimum wage rise I refer to the letter by Emily Ho (" Lower wage offer will best suit everyone ", August 15). If your correspondent had replaced the word "wage" with "rent", then her letter would have been more relevant. That's why I am perplexed by her logic that wages could run a business into the ground. ...

  6. Business - Banking & Finance - LOANS

    Fears raised over rented debt ratings

    Posted Aug 23rd 2014, 01:06am by BLOOM

    ... Bloomberg Mainland firms spark concerns while fundraising in US as global bond sales by issuers carrying bank guarantees soar Paid debt ratings cause for concern Mainland companies renting debt ratings from state-owned banks when raising funds in US money markets are fuelling credit concerns as bad loans mount. Including the first programme guaranteed by Bank of China in New York ...

  7. News - China - CONTROVERSY

    Red Cross admits illegally renting out warehouse space in Beijing district

    Posted Aug 20th 2014, 06:34pm by Alice Yan

    ... Alice Yan ting.yan@scmp.com Warehouse paid for entirely with central government funds was rented to a company, which then sublet space to others The Red Cross Society of China, which has ... yuan per year in rent. Zhao admitted that the Red Cross violated regulations in leasing out the warehouse, but emphasised that “only part of it was leased”. “Strictly speaking, it [the storage ...

  8. News - Hong Kong - HEALTH

    Charity given deadline on huge rent rise

    Posted Aug 14th 2014, 04:13am by BRIAN YAP

    ... Brian Yap brian.yap@scmp.com Arthritis group must decide by tomorrow between finding more cash or losing home Charity given deadline on huge rent rise A charity says it has been given just five days to decide whether to give up its headquarters or pay close to 50 per cent more in rent, potentially leaving the organisation out of funds in a year. In May, the Hong Kong Arthritis ...

  9. News - Hong Kong - COURTS

    Mystery person’s HK$3m cheque used to pay Rafael Hui’s rent, court hears

    Posted Aug 14th 2014, 10:22pm by Enoch Yiu

    ... HK$3m cheque used to pay Hui's rent Rafael Hui Si-yan used a HK$3 million cheque from an unnamed source to pay the rent on two luxury flats for 18 months after he became ... for corruption, senior graft-buster Hazel Law Pui-man said. Hui is alleged to have lived- at times rent-free- in the two Sun Hung Kai Properties flats in Happy Valley from February 2003. He is also ...

  10. News - Hong Kong - HEALTH

    Arthritis patients set to miss out as charity is hit with huge rent rise

    Posted Jul 31st 2014, 04:41am by Emily Tsang

    ... Emily Tsang emily.tsang@scmp.com Charity faces cutting therapy for patients in chronic pain or losing its headquarters as Housing Authority insists on market rate Rent rise set to hit arthritis services Patients suffering chronic pain due to osteoarthritis face missing out on cheap therapies after a charity was hit with a rent increase of almost 50 per cent by its public-sector ...




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