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  1. Hysan plans to increase retail rents

    Posted May 07th 2004, 12:00am by Peggy Sito

    ... Peggy Sito Hysan Development will raise retail rents at Lee Gardens Two in Causeway Bay due to strength in the consumer economy. Lora Luke Wing-sze, general manager of retail leasing, said ... forecast rents would grow another 10 per cent before the end of the year. ...

  2. Sky-high rents rile retailers

    Posted Mar 24th 2004, 12:00am by Sandy Li

    ... that landlords are pricing themselves out of the marketplace. A marked increase in spending by local residents and tourists has prompted landlords to continue raising the rent of retail space. 'Cash ... Property Agency. Earlier, Sun Hung Kai Properties raised retail rents in One International Finance Centre, while Sino Land raised rents by 30 per cent to 50 per cent at its shopping malls on new ...

  3. Cash registers play landlords' tune as retail sales back rent rises

    Posted Oct 07th 2004, 12:00am by Jake Van Der Kamp

    ... these rents up. Let us start by putting matters in perspective. The first chart compares the government's index of rents for retail premises to the government's index of retail sales value. ... that the market will bear more. The latest figures are only up to July but they already show the value of retail sales rising faster than shop rents since the middle of last year. Let us also have ...

  4. Rental growth to warm after the winter chill

    Posted Nov 10th 2004, 12:00am by Kenneth Ko, Vanapa Ongvises

    ... Reports by Kenneth Ko and Vanapa Ongvises Leasing activity forecast to consolidate during the low season but high-end rents and demand will flourish next year THE RESIDENTIAL leasing ... expatriate staff to the market looking for quality accommodation, he said. In the third quarter, luxury residential rents gained by a further 6 per cent, making a total increase of 16 per cent since ...

  5. Mainlanders drive up prices in their favourite retail haunts

    Posted Oct 06th 2004, 12:00am by Stephen Seawright

    ... Stephen Seawright Retail property prices in Mongkok and Causeway Bay have hit the peaks of the 1997 bubble and are expected to rise further, according to FPDSavills. Surging retail ... over the next 12 months,' Mr Smith said. Prime street shop prices have risen 57 per cent so far this year. Shopping centre units are not included in the figures as these are usually rented ...

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

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

    ... Sandy Li The Jardines chain is cutting floor space and moving stores upstairs to save costs Rising retail rents have forced Pizza Hut to reduce the size of its restaurants and move outlets from street level to higher floors, the restaurant chain said yesterday. The company is the second retailer in as many months to complain about rising rents. Last month, health and beauty chain ...

  7. Tourism increase a boon for retail trade

    Posted Nov 10th 2004, 12:00am by Kenneth Ko, Vanapa Ongvises

    ... THE INFLUX OF mainland tourists has boosted the retail leasing market, pushing shop rents up sharply. Many retailers are benefiting from the spending power of mainland visitors following the relaxed ... premises, even though rents are higher. CB Richard Ellis director of retail services Joe Lin said estimated average shop rents increased by 18.5 per cent in the first nine months. Selected shops ...

  8. HK retail landmark shuts up shop

    Posted Jun 01st 2004, 12:00am by Staff Reporter

    ... Dikky Sinn With sales flagging, CRC decides to rent out 43-year-old store In a sign of the mixed fortunes for Hong Kong's retail sector, the sun set on another famous department store yesterday. China Resources Company's Hennessy Road department store closed its doors at midnight after 43 years because of falling business. Renting rather than retailing is the business ...

  9. Watsons criticises landlords' 'unrealistic' rent increases

    Posted Feb 09th 2004, 12:00am by Sandy Li

    ... Sandy Li Asia's largest health and beauty chain, Watsons, has criticised aggressive retail rent increases as 'unrealistic' at a time when low prices are still squeezing retail margins and the weakness of the United States dollar is increasing the cost of goods. The chain, which operates more than 750 stores in the region, said it would not actively seek shops ...

  10. Big developers signal rent rises for shopping centres

    Posted Apr 22nd 2004, 12:00am by Carrie Chan

    ... to visit Hong Kong by July, which is good news for retail outlets patronised by mainland tourists. 'There are numerous business opportunities and room for rent increases,' Wharf director ... in October last year. Hongkong Land executive director Raymond Chow said the company was also considering higher rents, adding it had already raised the rents for shopping centres in the first ...




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