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  1. HK has second most expensive retail rents

    Posted Nov 21st 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Retail rents in Hong Kong have overtaken those of Moscow, making the city the second most expensive in the world for shopowners, according to the latest global retail rents ... the world at the end of the third quarter. According to the study, retail rents in Hong Kong rose 11.1 per cent, the 10th fastest in the survey, for the six months to September. New York's 5th ...

  2. Relief for retailers

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... The Housing Authority is to halve shop rents at about 6,000 shops in January and February. Do you think this will encourage The Link Management to heed calls to reduce rents at its mall? Write to us. ...

  3. Macau retail rents may drop 30pc

    Posted Nov 19th 2008, 12:00am by Yvonne Liu

    ... created by tightened visa restrictions on mainland visitors and the global financial crisis, retailers and property agents warn. Property agents said retail rents could drop about 30 per cent ... would relax its restriction on mainland visitors to Macau in the short term. Before the change, the influx of mainland travellers had helped drive rents in Macau's retail market sharply ...

  4. The feet have it for top retail year, and rising rents

    Posted Jan 22nd 2008, 12:00am by Dennis Eng

    ... Dennis Eng Retail rents are likely to rise this year as foot traffic at the city's major shopping centres indicates that shoppers are still out in force despite fears of a recession ... and there will be no decrease in rents,' said Yannick Kennel, the general manager of FootFall at Experian Asia Pacific. Based in Ireland, Experian specialises in tracking retail traffic to help marketers make key ...

  5. Link's high rents hurting retailers, lawmakers say

    Posted Dec 17th 2008, 12:00am by Celine Sun

    ... Celine Sun Shopping-centre owner The Link Reit came under fire in the Legislative Council yesterday over its hefty rent rises amid the financial crisis. Several lawmakers urged ... time... We will consider [offering assistance in] individual cases if they need help,' he said. Lawmaker Lee Cheuk-yan of the Confederation of Trade Unions said high rents imposed by The Link ...

  6. Quiet Tai Hang takes on hip look as retail rents shoot up

    Posted Jul 23rd 2008, 12:00am by Staff Reporter

    ... SoHo on Hong Kong Island on the back of sharply rising rents in the neighbouring area, say agents. As was the case in SoHo (a name derived from its location South of Hollywood Road), Tai Hang ... in the districts, he added. Riding on the booming economy and the arrival of more tenants into the district, average retail rentals in Tai Hang are now up 60 per cent compared with three years ago, agents ...

  7. Retail blues

    Posted Dec 22nd 2008, 12:00am by Staff Reporter

    ... Some legislators have urged the government to buy back shares of shopping-centre owner The Link Reit. Given The Link's steep rent rises amid the financial crisis, do you support this proposal? Write to us. ...

  8. Beijing, Shanghai rents remain firm

    Posted Sep 03rd 2008, 12:00am by Yvonne Liu

    ... of property consultant Jones Lang LaSalle shows that retail and office rents in Beijing rose an average of 5.2 and 4.5 per cent respectively in the first half. Rental growth was much higher in prime ... sq metre shop for half a year.' Mr Choy expects retail rents in prime Beijing locations to rise 20 to 30 per cent over the next year. Denis Ma, an associate director of the research ...

  9. Rents come under pressure

    Posted Oct 29th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Retailers are asking landlords for rent cuts, scaling back operations and suspending expansion as sales decline. 'Sales volume in August and September dropped about 10 per ... expenditure, Mr Ng said the company would ask landlords to cut rents of shops in tourist areas. 'Shopowners raised rents sharply in the last two years. Retailers who opened new shops or renewed ...

  10. Pacific Place to get a HK$1.5b refit

    Posted Jul 24th 2008, 12:00am by Yvonne Liu

    ... leasing market had been strong so far this year. Retail rents at Pacific Place recorded double-digit growth in the first half, with some shop rents rising 20 per cent. However, he expected growth in rents would slow, as they had reached a high base. Mr Culbertson said he believed the impact of construction on retailers would be moderate but that one or two tenants might have to move out ...




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