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  1. Shanghai may hurt Hang Lung rental income

    Posted Feb 12th 2009, 12:00am by Sandy Li

    ... to contribute HK$337 million, achieving a record average rent of HK$33 per square foot per month. The remaining HK$492 million was generated from its retail portfolio- partly from Plaza 66 and another ... advanced talks, Mr Ng said. In Hong Kong, he said retail rents would still fetch positive rental reversion, given that the leases were signed several years ago. On residential development, he said ...

  2. Fitch pessimistic about office, retail properties

    Posted Feb 25th 2009, 12:00am by Staff Reporter

    ... Fulton Mak Fitch Ratings yesterday issued a negative outlook for Hong Kong's office and retail property markets because of the global economic downturn and weakening sentiment. The ratings agency, which is also pessimistic about the city's housing market, expects a gradual but consistent decline in office rents in core districts as demand falls. However, the decline ...

  3. Abundant supply drags down retail rents in major cities

    Posted Aug 05th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Retail rents in major mainland cities fell in the second quarter owing to an abundant supply of retail space, and property consultancy Knight Frank expects the market ... supply will double the retail area in Tianhe in two years, which will likely impose downward pressure on rents,' it said. In Beijing, new supply would total 1.1 million sq metres of retail ...

  4. Tiny match-box shops pack a world-class rental punch

    Posted Sep 16th 2009, 12:00am by Sandy Li

    ... most expensive retail location after New York. Average rents in New York worked out at the equivalent of HK$1,170 per square foot per month. By comparison, retail rents charged in Hong Kong was HK$634 per square foot a month, and the top rent was HK$1,800 per square foot per month. Helen Mak Hoi-lun, the senior manager of retail services group at Colliers, said rental charge was based ...

  5. Rising rents shake up retail sector

    Posted Aug 19th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Falling sales and rising rents are forcing a shake-up of Hong Kong's retail sector as underperforming retailers are forced to shut outlets in prime locations and move ... former landlord Francis Choi Chi-ming immediately put the premises back on the market for HK$2.5 million a month, 32 per cent higher than the rent the appliance retailer had been paying until ...

  6. Foreign retail chains enticed by lower rents

    Posted Mar 02nd 2009, 12:00am by Sandy Li

    ... Sandy Li Falling shop rents in Hong Kong have intensified competition in the retail sector by prompting international retail chains to expand their presence in the city while also luring ... bigger store would open in April, sources said. Sources close to H&M attributed the chain's aggressive expansion plans to the drop in retail rents. 'H&M has not set a target ...

  7. Swire says retail rents to offset softer office sector

    Posted Jan 31st 2009, 12:00am by Sandy Li, Yvonne Liu

    ... and Lunar New Year period. 'There was not a lot of change from the previous year.' He expects retail occupancy would remain at 100 per cent and retail rents would be stable. Property consultant Colliers International expects grade A office rents will come down a further 26 per cent this year. However, it expects retail rentals in core areas will drop 11 per cent. About 60 per ...

  8. Shanghai, Beijing join global high-rent list

    Posted Jun 03rd 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Shanghai and Beijing have moved into the top 50 of the world's most expensive cities in which to rent retail space. It is their first appearance on the list, after shop ... rents at the China World Trade Centre, an upmarket shopping centre in the core business district, went up 25.5 per cent to US$196 per square foot. Retail rents at Russell Street in Causeway Bay ...

  9. Shoot from the hip

    Posted Jun 17th 2009, 12:00am by Divia Harilela

    ... of shopping experience that will encourage them to open their wallets. Boutique owner Catherine Martsch thinks she's found the answer with her retail venture Love It, which is causing a buzz ... week), Martsch looks like she been working in fashion for years, but Love It is her first venture in retail. 'Even though I worked in banking, my forte was marketing and brand innovation. ...

  10. Optimistic retailers plan to open more outlets

    Posted Jan 07th 2009, 12:00am by Yvonne Liu

    ... Tai Fook Jewellery, said the company would adopt a cautious approach to expansion because of the poor market sentiment and high retail rents. In prime locations, rents had remained firm, Mr ... Yvonne Liu and Fulton Mak Some Hong Kong retailers remain upbeat about economic prospects and intend to open outlets this year in defiance of the downturn. Aeon Stores (Hong Kong) is among ...




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