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  • April 19, 2014
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  1. 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 ...

  2. Property - Hong Kong & China

    Office space shortage fuels rent rise in Beijing

    Posted Apr 09th 2014, 01:41am by BLOOM

    ... Bloomberg in Beijing Doubled leasing costs since 2008 make capital the most expensive after HK and London Office shortage fuels Beijing rent rise John Wong, has leased 60 per cent ... to expand, the financial sector that we focus on remains healthy, and we face relatively small competition because supply is limited." Rising demand and limited supply have doubled office rents ...

  3. Property - Hong Kong & China - RETAILING

    Hungry shoppers miss out as malls cut food courts for higher rents

    Posted Apr 07th 2014, 04:39am by Sandy Li

    ... as malls raise rents Hungry shoppers may face longer waits in future if they want to fill up at shopping centre food courts, assuming they can find one. The popular food courts, which offer fast meals at affordable prices, are either being scaled down or closed to make way for shops that can generate higher sales and pay more in rent. The 23,000-square-foot, 500-seat City'super ...

  4. News - Hong Kong - HOUSING

    Rising rents taking biggest toll on the poor

    Posted Mar 24th 2014, 05:26am by LO WEI

    ... Lo Wei wei.lo@scmp.com Survey finds city's lowest earners spend nearly two-thirds of their income on housing Rising rents taking biggest toll on the poor At 59, Chiu Man-sun has found himself sleeping in fast-food restaurants and internet cafes, forced by rent increases to abandon his 200 sq ft subdivided flat. A few years ago, when the landlord asked for HK$3,200, up from ...

  5. Property - International - UNITED STATES

    Blackstone's buy-to-rent binge over as prices surge in the US market

    Posted Mar 19th 2014, 05:14am by Bloomberg

    ... Bloomberg Blackstone's massive purchase of houses made it biggest US landlord for single-family homes Buy-to-rent binge over as prices surge Blackstone Group is slowing its purchases of houses to rent amid soaring prices after a buying binge made it the biggest US single-family home landlord. Blackstone's acquisition pace had declined 70 per cent from its peak last year, ...

  6. Office rentals to rise further

    Posted Jun 02nd 2010, 12:00am by Peggy Sito

    ... Peggy Sito The recovery in office rents is showing no signs of running out of steam, with continued growth seen in both core and non-core districts, according to consultants. 'In 12 months from now, rents of grade A offices will have shown strong gains, with the increase in Central likely to hit 20 per cent,' said Simon Lo, a director of research and advisory ...

  7. Outlook uncertain for owners of small offices

    Posted Sep 30th 2009, 12:00am by Peggy Sito

    ... Leung is wondering whether her tenant will pay his rent on time this month. 'He paid rent on time at the beginning of each month in the first year. But over the past four months, the payment has arrived later each month. Last month, it only came at the end of August,' Leung said. 'Now I am worried if I will get September's rent at all.' Leung, the owner ...

  8. Banking on a recovery

    Posted Oct 30th 2009, 12:00am by Kenneth Ko

    ... an improved global economic outlook. Serviced apartment operators have reacted to this spur in demand with firmer asking rents, although they are still offering flexible lease terms to attract ... apartments were more resilient than standard residential properties and their rent had been edging up since July. 'The positive sign is that market activities are attributed to the arrival ...

  9. Shanghai may hurt Hang Lung rental income

    Posted Feb 12th 2009, 12:00am by Sandy Li

    ... from its mainland investment portfolio. 'We may have to adjust our office rents when leases become due for renewal this year,' said executive director Terry Ng Sze-yuen. He declined ... to December, Hang Lung's mainland rental income rose 23 per cent to HK$829 million, while Hong Kong income increased 9 per cent to HK$1.21 billion. Of the total, Plaza 66 office rents edged up 22 ...

  10. Sino boosts leasing portfolio

    Posted Oct 15th 2008, 12:00am by Yvonne Liu

    ... release in the area this year. Victor Tin Sio-un, an assistant general manager of Sino Group's leasing department, said the developer was targeting monthly rents of at least HK$65,000 ... supply of luxury residential accommodation, rents for the houses had risen more than 15 per cent in the past three quarters while rents for luxury flats had gone up 10 per cent. The vacancy rate ...




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