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  1. Foreign retailers buying, not renting

    Posted Oct 27th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Stiff competition for prime locations and soaring rents mean big foreign retailers are shifting from leasing to buying land to develop their stores ... 'big box' refers to physically large retail outlets that are often part of a chain. Nip said big-box retailers faced great pressure to pay sharply higher rents when their leases- which ...

  2. Rents drive retailers upstairs

    Posted May 25th 2011, 12:00am

    ... food and beverage operators to move into commercial buildings renovated to take advantage of rising retail rents, where they could rent space for HK$20 to HK$40 per sq ft- a process that is transforming them into a retail mix similar to Tokyo's famed Ginza district. 'Many landlords expect rents could increase from more than HK$10 per sq ft to HK$30 per sq ft after they convert ...

  3. Reits push through retail rent rises as shoppers pour into malls

    Posted Feb 10th 2011, 12:00am by Sandy Li

    ... Sandy Li Fortune Real Estate Investment Trust (Fortune Reit), which owns 14 malls and retail centres in Hong Kong, said it expects to impose 'single-digit' retail rent increases ... per cent during Chinese New Year. Fortune's retail property portfolio comprises about two million square feet of retail space and parking slots for 1,669 vehicles. 'Tenants selling ...

  4. HK now second for shop rents

    Posted Nov 22nd 2011, 12:00am

    ... square foot per year, the city ranks after New York's Fifth Avenue in a report by property consultant CB Richard Ellis (CBRE) on global retail rents in the third quarter. Annual rents have ... to mainland China.' Retail rent in the city rose 6.2 per cent quarter on quarter in the third quarter from 2.2 per cent in the previous quarter, Farrelly said. New York rents stayed at US$1,900 ...

  5. Big names take HK rents to new high

    Posted Jun 02nd 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Retail rents in Hong Kong jumped 46 per cent quarter on quarter, making it the second-most expensive location in the world as major brands vied for limited ... retail rents still ranked below New York's US$1,900 per square foot per year on the list of the 20 most expensive retail rental markets in the world in the first quarter. Still, property ...

  6. Shop rents hit all-time high

    Posted Jul 29th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Street-level shop rents in Hong Kong rose to record levels in the second quarter, far surpassing their peaks in 2008 and forcing out local retailers ... nearby. 'I just got outbid by an international coffee chain in the next street,' said Chan. 'Retail rents for small shops in side streets have doubled to HK$60,000 a month. ...

  7. Economy, rent surge slow shops market

    Posted Oct 05th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Leasing and sales of retail properties have slowed in the past two months as market turmoil and steep rises in rents and prices bite, agents say. ... in retail property prices and rents. As a result they are not willing to lower rents to meet tenants' prices, Chan said. Some tenants with three-year leases may have secured relatively low ...

  8. Caution keeps retail and office prices lower

    Posted Dec 07th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Hong Kong office and retail rents will ease in the first half of next year, as employers and some local retailers become wary of expansion against the backdrop ... here,' the report said. However, rental growth was expected to slow in 2012. 'In general, we expect retail will continue to outperform other property sectors in 2012, with rents holding ...

  9. HK$2.4m rent sees Episode fleeing Central

    Posted Feb 11th 2011, 12:00am by Peggy Sito, Peter So

    ... was unavailable for comment. Fang, also the lawmaker for the wholesale and retail sector, said the company had been renting the 10,000 sq ft basement of the Entertainment Building for HK$1.3 million. ... Other recent examples include US-based fast-fashion retailer Forever 21 taking over a Giordano space in the Capital Centre in Causeway Bay. Mak expects average rents in the four major shopping ...

  10. Luxury brands pose dilemma for malls

    Posted Apr 05th 2011, 12:00am

    ... clientele and are willing and able to bid for the most prominent retail spaces. But while this phenomenon is plain to see, the figures highlighting the high rents in shopping malls still have the ability to shock. The average monthly rent for ground floor shops of around 1,000 square feet in Central was US$70.80 per square foot in the final quarter last year. In comparison, retail rent ...




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