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  1. Retail rents rise in big cities

    Posted May 24th 2006, 12:00am by Staff Reporter

    ... Retail rents are on the rise in mainland cities, where increased leasing activity has been noted since the beginning of the year. Almost every major mainland market registered a quarter-on-quarter rent increase, said property consultants. With the full liberalisation of the retail sector, foreign businesses had been streaming into the mainland market since early this year, raising ...

  2. Retailers brace for rent rises as Tsim ShaTsui link plan takes shape

    Posted Jan 11th 2006, 12:00am by Staff Reporter

    ... Ng Kang-chung Retailers in Tsim Sha Tsui have been told to expect a hefty rise in rents as plans take shape to develop a network of underground walkways linking the MTR station to nearby ... and Chinese Estates Holdings, the owner of Tung Ying Building. Tung Ying Building will be redeveloped into a 30-storey retail complex, according Chinese Estates Holdings, which bought the 40-year-old ...

  3. Flat growth in retail rents points to slowdown in shopping mall sector

    Posted Jul 12th 2006, 12:00am by Yvonne Liu

    ... malls in non-core area has been flat for the past six months. 'However, retail rents at malls in traditional shopping areas have increased by 3.7 per cent, due to the tight supply of retail ... it was two years ago. 'They won't be offering aggressive rents to secure retail spaces in malls this year.' Some retailers have even opted to take up cheaper retail space at malls ...

  4. Retail rents fall in prime areas

    Posted Nov 15th 2006, 12:00am by Sandy Li, Yvonne Liu

    ... Yvonne Liu and Sandy Li Tenants sub-let space as mainland tourists dwindle while entrepreneurs see chance to diversify brands The drop in retail rents in Hong Kong's busiest shopping ... a good opportunity for retailers to expand and develop new brands. The retail market began to consolidate at the beginning of this year with rents in Mong Kok, Tsim Sha Tsui and Causeway Bay ...

  5. Retailers cry foul on high rents

    Posted Aug 23rd 2006, 12:00am by Sandy Li

    ... retailers felt they were being overcharged and sales from their shops did not justify such high rents. 'If landlords intend to keep their existing tenants, they have to cut rents by 10 per cent ... centres 'if they want to survive', according to Stanley Poon, general manager of Centaline Property Agency's retail department. Some landlords would prefer to cut rents slightly ...

  6. Retailers play the survival game

    Posted Jul 19th 2006, 12:00am by Sandy Li

    ... Sandy Li Amid rising rents, operators adopt strategies such as moving back-offices, buying shop space or just closing expensive sites Squeezed between soaring retail rents and a highly ... north of the border, some small retailers and banks choose to buy their own shop space to avoid the ups and downs of rents. For property agents, the number of shops they keep serves ...

  7. Sports retailers compete for prime space

    Posted Apr 19th 2006, 12:00am by Sandy Li

    ... 'Existing tenants such as telecommunications and fashion chains may be forced to relocate to cheaper areas in the face of rent rises,' he said. Agents said the entry of sportswear retailers ... Watsons has been leasing the three-level store, with a combined area of 11,800 sq ft, for about 20 years. Mr Poon said sports retailers were bullish. 'They do not mind soaring rents ...

  8. Rent payments made at your convenience

    Posted Jun 13th 2006, 12:00am by Staff Reporter

    ... Denise Hung Convenience stores could become a key element in government plans for a five-day working week. The stores could be used to collect public housing rents when estate management ... of the options for the housing department to collect rent,' Deputy Secretary for the Civil Service So Kam-shing said. It is common for private companies to use convenience stores for bill collection ...

  9. High price for Causeway Bay shop

    Posted Mar 25th 2006, 12:00am by Yvonne Liu

    ... by a Chinese dessert restaurant. The monthly rent jumped to more than $316,800 from $280,000 after the lease was renewed recently. The shop will offer a rental yield of 2.3 per cent. The new lease expires in February 2008. 'We already owned the street-level shop at 56 Russell Street and rent it out to the cosmetics chain Bonjour for $400,000 per month. We decided to buy the shop at 54 ...

  10. Shop rents predicted to rise 20pc

    Posted May 17th 2006, 12:00am by Sandy Li, Yvonne Liu

    ... Sandy Li, Yvonne Liu Retail rents will rise by up to 20 per cent this year, fuelled by continuing expansion among major retail chains, particularly in prime locations, according ... said, adding that retail rents could rise by up to 20 per cent this year. Mr Poon said that in Causeway Bay, monthly rents at shopping malls were $50 to $300 a sq ft, while high-street shops ...




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