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  1. Retail rents poised for rebound

    Posted Jan 10th 2007, 12:00am by Yvonne Liu

    ... said retail sales entered a consolidation phase last year, pushing shop rents down 3 per cent over the year. However, Simon Lo, a director of research and consultancy, said strong local ... and rising stock prices will see the retail sector perform highly favourably this year.' Jeannette Chan, a regional director of retail department at Jones Lang LaSalle, said retail rents ...

  2. Luxury brands drive retail rents

    Posted May 30th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Widening gap in markets reflects changing shopping patterns of mainland tourists Rental growth in Hong Kong's retail leasing market has varied, as rents for prime street ... into HK$1,732 per square foot, a record high for retail rents in Tsim Sha Tsui. The rent has jumped 75 per cent from the pervious lease of about HK$400,000 a month. Nike has rented a three-level shop ...

  3. Retail rents at IFC Mall hit record HK$600 psf

    Posted Feb 08th 2007, 12:00am by Sandy Li

    ... other potential retail tenants were under way at prices of more than HK$400 per square foot. 'International brand names are willing to pay high rents for their first flagship store ... Sandy Li The Landmark's decade-long reputation as Central's most expensive shopping centre is being challenged by rival IFC Mall, where a branded Italian leather bag retailer ...

  4. Retailers hope for longer rent-free period

    Posted Sep 28th 2007, 12:00am by Anita Lam

    ... Anita Lam Shop tenants welcomed the new management team of the Ngong Ping 360 cable car, with some saying they hoped their rent-free period could be extended when the tourist attraction ... shoes and bags shop owner Ming Leung agreed, saying about the possible extension of the rent-free benefit: 'It shouldn't be for just two to three months but for however long the cable ...

  5. Retailers in China face space and rent crunch

    Posted Jan 22nd 2007, 12:00am by Andy Chen

    ... space is increasingly rare and rents are escalating. Foreign investment funds have aggressively corralled space, betting on windfall returns from retail and office leases. Even in some second-tier cities, Hangzhou, for instance, finding space to open a shop is difficult. The franchising trend is further adding to demand. Some tenants say retail rents are rising at a 30 per cent ...

  6. Shops promote genuine goods

    Posted Apr 25th 2007, 12:00am by Yvonne Liu

    ... in the first quarter. Retail rents of the leases up for renewal in the first quarter have jumped 10 to 50 per cent,' Ms Lee said. 'Our target for this year is to try to increase our retail income by 10 per cent.' According to the Hong Kong Property Review 2007 conducted by the Rating and Valuation Department, retail property rents held steady in the first half of last year ...

  7. Funds take aim at shopping centres

    Posted Mar 14th 2007, 12:00am by Yvonne Liu

    ... rents slowed last year, leasing activities in shopping centres owned by major developers remain active. 'We see many international brand retailers expanding into Hong Kong.' The source ... and upgrading. 'Retail rents on the ground floor of Golden Plaza are HK$200 per square foot, but rents on the upper floors are much lower. Rents could rise significantly after renovation ...

  8. Rents double at new-look Kowloon City shops

    Posted Jan 27th 2007, 12:00am by Sandy Li

    ... City Plaza, is 85 per cent occupied, after a HK$100 million facelift with retail rents ranging between HK$30 per square foot to HK$150 per square foot, said Robert Naso, president at Morgan Stanley Properties China. The new rents were double the levels before the renovation, when occupancy rates were as low as 60 per cent, said Bruce Walker, director at Pamfleet (HK), one ...

  9. Hysan earnings get lift from rising rents

    Posted Mar 07th 2007, 12:00am by Sandy Li

    ... the board. Office rents rose 20 per cent to 30 per cent last year while retail rents jumped 10 per cent to 15 per cent and residential rents climbed 5 per cent to 10 per cent, he said. Office rental ... Sandy Li Hysan Development posted flat underlying full-year profit as rising rents and lower finance costs offset the shrinkage of its investment property portfolio after it sold ...

  10. Retail activity continues to fall

    Posted Jun 20th 2007, 12:00am by Yvonne Liu

    ... are local retailers and chain stores which are price-sensitive and not aggressive in expansion. The retail rents are not expected to have significant growth in these areas.' A 900 square foot ... Yvonne Liu Trading activity in retail properties will continue to fall across the city but shops along prime streets in core business districts will be exceptions, according to property ...




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