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  • September 19, 2014
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  1. Landmark facelift to enhance revenue from retail rents

    Posted Nov 19th 2003, 12:00am by Sandy Li

    ... Sandy Li Hongkong Land to spend US$210m renovating the property in Central Retail rents are expected to account for 30 per cent of group revenue at Hongkong Land Holdings after a US$210 million facelift for the Landmark in Central is completed in 2007, according to chief executive Nicholas Sallnow-Smith. Retail rents presently account for 25 per cent of group revenue. Hongkong ...

  2. Hold those rents

    Posted Sep 07th 2003, 12:00am by Staff Reporter

    ... It worries me to hear that shop owners in Hong Kong - I am talking about the big property developers and owners - are intending to raise the rent of their commerical property in the light of improving retail business. We have also heard of complaints about a sudden rise in hotel room prices. It seems Hong Kong has returned to normal. The dollar signs in our eyes are again clouding ...

  3. Causeway Bay third-costliest for shop rents

    Posted Nov 07th 2003, 12:00am by Staff Reporter

    ... by a surge in retail rent in the first quarter. 'A lot of shops were having expansion plans at the end of 2002, and the effect was reflected in the first quarter of 2003,' Mr Su said. ... International, said retail rents had fallen only about 17 per cent since the 1997 peak, while residential and office rents had dropped more than 60 per cent. 'Retail rents in Causeway Bay respond ...

  4. Cuts in office rent drag down Hysan profit

    Posted Aug 20th 2003, 12:00am by Sandy Li

    ... Hysan Development, the dominant owner of grade-A office and retail property in Causeway Bay, has blamed a fall in its rental income for a 12.97 per cent drop in interim profit to $250.89 ... had either concluded or was at an advanced stage of completing negotiations for all leases due to expire this year. He refused to disclose the size of the reduction in rents but said ...

  5. Investors pay $10.6b for retail properties

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

    ... had increased retail rents in the third quarter, with those for highstreet shops up 7.6 per cent and for decentralised shops up 1.2 per cent, he said. Sun Hung Kai Properties and Wharf (Holdings) have raised rents at their shopping centres by up to 30 per cent for some recently expired tenancies. Jones Lang LaSalle estimates that a total of about 5.5 million square feet of retail ...

  6. Mainland tourists spark revival in commercial rents

    Posted Jul 23rd 2003, 12:00am by Chris Oliver

    ... A surge in tourist arrivals since the Sars crisis is putting the sparkle back into prime retail rentals, as shopkeepers are expected to report upbeat sales figures by the end of the year, ... to visit crowded retail areas. Neighbourhood merchants fared better during the crisis as shoppers stocked up on basic necessities, including food stuffs, medicine and traditional Chinese herbs, Mr ...

  7. Mainland developers move to meet strong retail demand in Beijing

    Posted Jul 02nd 2003, 12:00am by Kenneth Ko

    ... excited,' Mr Davies said. Despite the large supply, overall rents for prime retail premises still had room to rise, he said. The increase in demand, coupled with a lack of available space at present ... sectors such as beauty and cosmetics, leisure and entertainment,' he said. Retail rents in Beijing's prime Wangfujing area are continuing to show improvement, with ground floor levels ...

  8. Cash-strapped Housing Authority to vote on selling malls and car parks

    Posted Jul 21st 2003, 12:00am by Chloe Lai

    ... be ways to protect the tenants from being wiped out by rent increases after the shopping centres fall into private hands,' she added. Ms Ip expressed uncertainty about how members ... by not reviewing rents to ensure tenants were not paying more than the Housing Ordinance requires. The ordinance says rent should not exceed 10 per cent of the median Hong Kong income. 'To appeal ...

  9. Confident retailers cut festive discounts

    Posted Dec 08th 2003, 12:00am by Sandy Li

    ... Sandy Li Hong Kong retailers are turning into Scrooges, with many deciding against offering big discounts during the Christmas shopping season as consumer confidence rebounds. Retailers offered steep discounts last year to lure Christmas shoppers, but this year they were being less generous, Hong Kong Retail Management Association chairman Yu Pang-chun said. 'The improved ...

  10. Fish sellers must accept end to rent-free ride

    Posted Dec 02nd 2003, 12:00am by Staff Reporter

    ... In one of Hong Kong's great anomalies, those who sell fish at the retail level have been more strictly regulated in recent years than those who sell fish at the wholesale level. While the sources, and levels, of dangerous bacteria in the water in retailers' tanks are closely monitored, many wholesalers have been able to get by with much less scrutiny- to the detriment of public ...




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